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Listed by John Gallof RCI Preferred Realty
$ 700,000
Est. payment /mo
New
3519 W Montrose Avenue Chicago, IL 60618
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12652808
Year Built 1920
Annual Tax Amount $16,693
Tax Year 2025
Lot Dimensions 50 x 117
Property Sub-Type Mixed Use
Property Description
GREAT OPPORTUNITY!!! 6-unit, brick mixed-use (4 residential and 2 commercial) building in booming Albany Park! This is a fire-damaged property that has been professionally remediated - Extensive work has already been completed to clean and deodorize. Structure has been shored up with brick work, sub-flooring, wall framing, windows and roof framing. Additional work and finishing of the units await the new owner *** The building sits on a double wide lot (50 x 117) with alley access in the back with space for 8 parking spaces. * Architectural plans (available upon request) are done - Four 3-4BR/1BTH approx 1,000 sq ft apartments w/ enclosed 40' x 8' porches in rear AND two commercial spaces roughly 1,000 sq ft each. Center entrance for residential units and private entrances for commercial units. Conservative estimates of anticipated GRl of $125-$135K/year with NOI of roughly $100K * Strong cash-flow investment in fantastic northside Chicago neighborhood!
Location
State IL
County Cook
Interior
Cooling None
Fireplace N
Exterior
View Y/N true
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