3742 W Montrose Ave - Apartments FOR SALE


Chicago, IL 60618- Albany Park
$900,000 USD
847-778-8746
3742 W Montrose Ave, Chicago, IL for Sale
$900,000 USD
Apartments - FOR SALE
1/7
null | 6.14% Cap Rate

3742 W Montrose Ave
Chicago, IL 60618
Albany Park


HIGHLIGHTS

  • 2 Car Garage

OVERVIEW

3742 W. Montrose is a 9-unit mixed-use asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Albany Park neighborhood. The building features nine total units, consisting of 3 studios, 2 one-bedrooms, 3 two-bedrooms, and one commercial space, providing a balanced and in-demand unit mix. Built in 1919 and offering 6,150 rentable square feet, the property has benefited from recent capital improvements, including a 2023 renovation of the roof, masonry, and windows. Situated near neighborhood amenities and public transit along Montrose Avenue, this building offers stable income with upside potential. B3-1 & Northwest ADU Pilot Zoning.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

9

PRICE/UNIT

$100,000

CAP RATE

6.14%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,123 SF

ZONING

B3-1

APN/PARCEL ID

13-14-126-023-0000

ASK ABOUT THIS PROPERTY

Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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