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3742 W Montrose Ave
Chicago, IL 60618
Multifamily Property For Sale · 9 Units

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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

PROPERTY FACTS

Price Per Unit $138,450 CAD
Sale Type Investment
Cap Rate 6.14%
Sale Condition Bulk/Portfolio Sale
Gross Rent Multiplier 8.75
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.07 AC
Building Size 5,703 SF
Average Occupancy 67%
No. Stories 3
Year Built 1919
Parking Ratio 0.35/1,000 SF
Zoning B3-1 - B3-1 and Northwest ADU Pilot Zoning

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 3 - 425
1+1 2 - 650
2+1 3 - 800

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-14-126-023-0000
Land Assessment
$15,144 CAD
Improvements Assessment
$72,081 CAD
Total Assessment
$87,225 CAD
  • Listing ID: 38695405

  • Date on Market: 2025-12-08

  • Last Updated:

  • Address: 3742 W Montrose Ave, Chicago, IL 60618

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