3034-3040 W Montrose Ave - Apartments FOR SALE


Chicago, IL 60618- Albany Park
$1,699,000 USD
773-983-1553
3034-3040 W Montrose Ave, Chicago, IL for Sale
$1,699,000 USD
Apartments - FOR SALE
1/22
null | 6.59% Cap Rate

3034-3040 W Montrose Ave
Chicago, IL 60618
Albany Park


OVERVIEW

East Albany Park neighborhood at its best commercial corridor of retail/pedestrian traffic. The corner of Montrose Ave., at Whipple Ave., just east of Kedzie Ave., traffic light intersection. 2024, recent improvements exceeded $200,000. Approximately 7,470 Sq. ft. of land and 6,500 Sq. ft. of mixed-use building. 2-pin numbers front and back. Offering the possibility of erecting another multi/mixed-use building on the rear pin number with the address of 4410 N. Whipple Ave. Current existing building featuring 5-Commercial stores leased to 3-different tenants/users. 2-Residnetial units on the 2nd level, consisting of 2-bedrooms 1-bath each. NEARBY retailers, include, Walgreens, Starbucks, Dunkin Donates, restaurants and shops. Strong street presence and exposure. Walking distance to all convenient retailers, shops, entertainment places, and public transportation. Rear metal gated parking offers 15-Spaces. Great location, close to major roads, interstates, O’Hare Airport, downtown, and within short distance to Lake Shore Dr.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

5

PRICE/UNIT

$339,800

CAP RATE

6.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,791 SF

ZONING

-

APN/PARCEL ID

13-13-127-033-0000

ASK ABOUT THIS PROPERTY

Mark AhmadCentury 21 AffiliatedMore Info
773-983-1553

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Mark AhmadCentury 21 AffiliatedMore Info
773-983-1553

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