Address
3816 W Montrose Avenue, Chicago, IL
Price
$ 875,000
Property Attributes
- MLS#12703469
- TypeCommercial
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Albany Park
- NeighborhoodAlbany Park
- Zip60618
- StyleCondominium
- Year Built1913
- Taxes$ 13060
- Price$ 875,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4250
- Lot Size0.071878 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
This 3-unit property is a fully rented, great income-producing investment opportunity or perfect for a Live/Work owner! Lots of recent updates including the roof replaced 2 years ago, new front windows in the 2-bedroom, and both the 2-bed and coach house have new electrical. The 1600 Sq. Ft. The storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. With public transportation nearby, commuting is a breeze. Great upside potential.
| Price History | |
|---|---|
| 7/13/2026 | Listed $875,000 |
General Features
| Cooling | Central Air |
|---|---|
| Construction Materials | Brick |
| Year Built | 1913 |
| Electric | Circuit Breakers,Separate Meters,Service - 101 to 200 Amps |
| Tenant Pays | Electricity,Heat |
| Stories Count | 2 |
| Township | Jefferson |
| Property Subtype | Mixed Use |
| Tax Year | 2023 |
| Current Use | Condominium |
| Gross Income | 7299 |
| County | Cook |
| Net Operating Income | 70978 |
| Operating Expense | 3550 |
| Insurance Expense | 2500 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | BETWEEN AVERS AND HAMLIN E OF PULASKI |
| City | Chicago |
| Number Of Units Total | 3 |
| MLS Area | CHI - Albany Park |
| Lot Size Square Feet | 3131 |
| Tax Annual Amount | 13060.78 |
| Electric Expense | 425 |
| Water Sewer Expense | 625 |
| Additional Parcels Y/N | No |
| Lease Type | N/A |
| Standard Status | Active |
| Property Type | Mixed Use |
Exterior Features
| Building Area Total | 4250 |
|---|---|
| Lot Dimensions | 27X118 |
| Frontage Type | Public Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60618
Price
Taxes
Year Built
Visits
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