5259 W Montrose Avenue Chicago, IL 60634
$1,050,000
New / MLS# 12715280 / Commercial - Retail / Chicago
0
Beds
Heart of Portage Park area. Park is literally 2 blocks south of the property. Building consists of 2 stores and 4 apartments plus a 3-car detached garage. All apartments have updated kitchens and baths. Stores are a beauty shop on the corner about 1200 square feet leased till May 2028 at $1450. per month. Store to the east about 1100 square feet is an art studio leased till September 2027 at $1125. per month. Both stores are under rented. Stores were at one time combined and served as a large grocery store and can easily be done again. Apartments in front are 5 room 2 bedroom depending on use can be 3 bedroom. rented at $1540. and $1850. Two apartments in the rear are 4 room one bedroom leased for $1105. and $1140. 3 car garage and part of basement are rented to a contractor for $600. per month. Total income $8810 per month or $105720 yearly. Gross multiplier 9.9. Expenses total $30861. Net income $74859. Cap rate of 7.1%. Newly coated roof with silicone newer boiler heating system and hot water tank.
Baird & Warner New Client Care Team Agent Cell: 312.847.5702 Email
Property Details
Property Type: Commercial - Retail
Cooling: None
Lot Size: 0.12 Acres
Roof Type: Reflective Coating, Tar/Gravel
Stories: 2.0
Taxes: $14,063
Year Built: 1923
Feature Descriptions
Drains: Patio
Electric: Circuit Breakers
Exterior: Brick
Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Gas, Steam
Location: Central Business District, Corner
Lot Dimensions: 43 X 125
Miscellaneous Indoor: Storage Inside
Miscellaneous Outdoor: Patio
Parcel#: 13163030010000
Potential Use: Commercial, Retail
Tenant Pays: Electricity, Heat, Other
Units: 6
Utilities: Electric to Site, Natural Gas Available
Location
See details and scored characteristics about this location.
Listing Office: Compass
Listing Office Phone: 312-319-1168
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Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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