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3742 W Montrose Ave 9 Unit Apartment Building $1,234,800 CAD ($137,200 CAD/Unit) 6.14% Cap Rate Chicago, IL 60618
INVESTMENT HIGHLIGHTS
- 2 Car Garage
EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$138,627
|
$24.31
|
| Other Income |
$2,470
|
$0.43
|
| Vacancy Loss |
$7,055
|
$1.24
|
| Effective Gross Income |
$134,042
|
$23.50
|
| Taxes |
$17,424
|
$3.06
|
| Operating Expenses |
$40,787
|
$7.15
|
| Total Expenses |
$58,211
|
$10.21
|
| Net Operating Income |
$75,830
|
$13.30
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $138,627 |
| Annual Per SF | $24.31 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,470 |
| Annual Per SF | $0.43 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,055 |
| Annual Per SF | $1.24 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $134,042 |
| Annual Per SF | $23.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,424 |
| Annual Per SF | $3.06 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $40,787 |
| Annual Per SF | $7.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $58,211 |
| Annual Per SF | $10.21 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $75,830 |
| Annual Per SF | $13.30 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 425 |
| 1+1 | 2 | - | 650 |
| 2+1 | 3 | - | 800 |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 13-14-126-023-0000 | Total Assessment | $87,347 CAD (2025) |
| Land Assessment | $15,165 CAD (2025) | Annual Taxes | $17,424 CAD ($3.06 CAD/SF) |
| Improvements Assessment | $72,182 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
13-14-126-023-0000
Land Assessment
$15,165 CAD (2025)
Improvements Assessment
$72,182 CAD (2025)
Total Assessment
$87,347 CAD (2025)
Annual Taxes
$17,424 CAD ($3.06 CAD/SF)
Tax Year
2024
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3742 W Montrose Ave
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