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4119 W Montrose Ave
Chicago, IL 60641
Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Divisible commercial space, featuring convenient plumbing access points for a variety of business alocations
  • All units are individually metered for utilities (4 units total)
  • Lots of traffic during the day provides for a great business visibility
  • Parking lot offers space for up to 6 vehicles

EXECUTIVE SUMMARY

This residential/commercial building is a great investment opportunity. Comprising of one building on two lots, 4119-4121, it offers a total of 4400 square feet of space. The property has recently undergone renovations, including a new roof in 2013, tuckpointing in 2012, and updates to Apt 1. The ground floor of the property features a commercial space with central air conditioning, updated plumbing, and two bathrooms. The space is approximately 2200 square feet in size and has separate utilities so it can be divided into two separate office spaces or storefronts, making it versatile and suitable for a variety of businesses. The commercial space was formerly used as a tattoo shop but closed due to COVID-19, it would be suitable for another tattoo shop, dentist practice, or beauty salon, as it has convenient plumbing access and two bathrooms. The second floor of the property features two 2-bedroom, 1-bath apartments that have the potential to bring in additional rental income. Both apartments are currently occupied. These apartments have separate utilities as well. The property boasts a large parking lot that can accommodate up to 7 vehicles, making it convenient for tenants. It has been well-maintained and has generated a good income with low expenses for many years. This property is a perfect opportunity for anyone looking to invest in a property that has the potential to generate a steady income. SOLD AS-IS

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,500 SF
Building Class
C
Year Built
1900
Price
$853,604 CAD
Price Per SF
$155.20 CAD
Cap Rate
4.83%
NOI
$41,248 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.05
Lot Size
0.12 AC
Zoning
50 - Retail storefronts. Allows more business types than B1 district, e.g. liquor stores, warehouses, auto shops. Apartments permitted above ground floor.
Parking
6 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
47’ on W Montrose Ave

AMENITIES

  • Bus Line
  • Signage
  • Air Conditioning
  • Balcony

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-15-404-003-0000
Land Assessment
$29,508 CAD
Improvements Assessment
$62,109 CAD
Total Assessment
$91,617 CAD
  • Listing ID: 27589860

  • Date on Market: 2023-01-25

  • Last Updated:

  • Address: 4119 W Montrose Ave, Chicago, IL 60641

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