4121 W Montrose Avenue Chicago, IL $ 620,000
4121 W Montrose Avenue
$ 620,000
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4121 W Montrose Avenue

Chicago, IL, 60641
$ 620,000
Baths0.0 Sq 4,400

Monthly Estimate*

$ 4,121

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Studio

Commercial Property for sale in Chicago, IL

for $620,000. This 4,400 square foot building was built in 1903 on a lot size of 0.121671.

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. One of the apartments (Apt 1) was recently vacated, while the other (Apt 2) is currently vacant and requires repairs. 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

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Commercial Active

Price

$ 620,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,931

Style

Lot Size

0.121671

Year Built

1903

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11905155

Features
General
Cooling Partial
Zoning COMMR
Year Built 1903
Electric Circuit Breakers
Tenant Pays Electricity Heat
Stories 2
Township Jefferson
Property SubType Apts/Stores
Tax Year 2022
Gross Income 0
County Cook
Insurance Expense 2227
Property Type Commercial Sale Mixed Use
Status Active
Directions West on Montrose from Elston Ave to property.
City Chicago
NumberOfUnitsTotal 4
MLS Area CHI - Irving Park
Lot Size Square Feet 5300
Street Name Montrose
Tax Annual Amount 10931
Electric Expense 0
Fuel Expense 0
Trash Expense 1200
Water Sewer Expense 800
Additional Parcels Y/N N
Virtual Tour https://tours.vht.com/BWI/T434327339/nobranding
Days on Market 149
Standard Status Active
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Exterior
Building Area Total 4400
Lot Dimensions 53X100
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Baird & Warner

Broker

tony.salas@bairdwarner.com

Email

Affordability Calculator

$5,032
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,121
Monthly Property Taxes
$911
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/14/2024$620,000 -11.30% Price Down
10/24/2023$699,000 Listed Price

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4121 W Montrose Avenue, Chicago, IL, 60641 is a Commercial Property for sale at $620,000 with 4,400 sqft and a lot size of 0.121671. 4121 W Montrose Avenue is a studio with 0.0 baths and was built in 1903. The property's zip code is 60641 which is in Chicago, IL