Log In/Sign Up
Your email has been sent.
3742 W Montrose Ave 9 Unit Apartment Building $1,086,896 CAD ($120,766 CAD/Unit) 6.92% 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 |
$137,447
|
$24.10
|
| Other Income |
$2,449
|
$0.43
|
| Vacancy Loss |
$6,995
|
$1.23
|
| Effective Gross Income |
$132,901
|
$23.30
|
| Taxes |
$17,276
|
$3.03
|
| Operating Expenses |
$40,440
|
$7.09
|
| Total Expenses |
$57,716
|
$10.12
|
| Net Operating Income |
$75,185
|
$13.18
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $137,447 |
| Annual Per SF | $24.10 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,449 |
| Annual Per SF | $0.43 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,995 |
| Annual Per SF | $1.23 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $132,901 |
| Annual Per SF | $23.30 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,276 |
| Annual Per SF | $3.03 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $40,440 |
| Annual Per SF | $7.09 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,716 |
| Annual Per SF | $10.12 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $75,185 |
| Annual Per SF | $13.18 |
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 | $85,492 CAD (2025) |
| Land Assessment | $14,843 CAD (2025) | Annual Taxes | $17,276 CAD ($3.03 CAD/SF) |
| Improvements Assessment | $70,649 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
13-14-126-023-0000
Land Assessment
$14,843 CAD (2025)
Improvements Assessment
$70,649 CAD (2025)
Total Assessment
$85,492 CAD (2025)
Annual Taxes
$17,276 CAD ($3.03 CAD/SF)
Tax Year
2024
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3742 W Montrose Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.