3026 W Montrose Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60618- Albany Park
$2,899,000 USD
773-983-1553
3026 W Montrose Ave, Chicago, IL for Sale
$2,899,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 7.69% Cap Rate

3026 W Montrose Ave
Chicago, IL 60618
Albany Park


OVERVIEW

Prime East Albany Park mixed-use investment opportunity located along one of the neighborhood’s best commercial corridors. Prominent corner location at Montrose Ave. and Whipple Ave., just east of Kedzie Ave., offering exceptional visibility, exposure, strong street presence, and aesthetic charm. Approximately 11,000 Sq. ft. land features about 9,600 Sq. ft. mixed-use building consisting of 4-street-level commercial stores leased to 2-tenants and 4-residential units above. Two of 2nd level residential units are part and integrated/configured with the main-level dental office as a duplex and the two other units are mix of one 2-bedrooms, 1-bath and one 3-bedrooms, 1-bath. Rear parking lot with 15-spaces serving exclusively the commercial tenants. The property is ideally positioned within a high-density residential and commercial district, surrounded by Lincoln Square, & Budlong Woods neighborhoods North Park, Mayfair/North Mayfair, Ravenswood Manor, and Irving Park. Nearby retailers and amenities include Walgreens, Starbucks, Dunkin’, restaurants, shops, entertainment, and public transportation, all within walking distance. Strong pedestrian and vehicular traffic, combined with excellent street visibility, make this a highly desirable location for both commercial and residential use. Conveniently located near major roads, interstates, short distance to O’Hare Airport, Downtown Chicago, and minutes to Lake Shore Drive. A rare opportunity to own a highly visible, well-positioned mixed-use property in a thriving Chicago neighborhood.

FOR SALE DETAILS

PRICE

$2,899,000 USD

PRICE/SF

$279 USD /SF

CAP RATE

7.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

B3-2, Chicago

APN/PARCEL ID

13-13-128-027-0000

ASK ABOUT THIS PROPERTY

Mark AhmadCentury 21 Circle CommercialMore Info
773-983-1553

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Mark AhmadCentury 21 Circle CommercialMore Info
773-983-1553

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.