5913 W Montrose Avenue Chicago, IL $ 489,000
5913 W Montrose Avenue
$ 489,000
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5913 W Montrose Avenue

Chicago, IL, 60634
$ 489,000
Baths0.0

Monthly Estimate*

$ 3,250

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Studio

Commercial Property for sale in Chicago, IL

for $489,000. This building was built in 1965 on a lot size of 0.07174.

Rarely available opportunity to acquire a prime mixed-use property along high-visibility Montrose Ave. Perfect retail/office business in busy location with spacious rental unit on the second level. First floor holds a versatile 6-room/1.5-bathroom office space, currently utilized as a physical therapy office. Featuring a reception area, private office, full and half-bath, plus a utility room equipped with two furnaces for HVAC, a water heater, laundry facilities, and ample storage. Access to the second level is available via both exterior and interior entry points. Second level holds a 3 bedroom/1 bathroom residential unit with bright living room + front balcony, kitchen, and dining area. Back deck leads to large backyard with 2 car garage. The property is B3-2 zoning which allows for more types of businesses than B1 and B2 districts. Maximum street visibility and foot traffic makes this the ideal investment opportunity for owner-occupants or business users seeking solid apartment rental income to offset expenses. ****The information about zoning comes from the city zoning map and broker makes no representation as to the actual zoning and buildability**** Buyer to confirm zoning and buildability****

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Commercial Active

Price

$ 489,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 6,493

Style

Lot Size

0.07174

Year Built

1965

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12035514

Features
General
Cooling Central Air
Utilities Electric to Site Gas to Site Sanitary Sewer Water-Municipal
Zoning COMMR
Year Built 1965
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat Other
Stories 2
Township Jefferson
Property SubType Apts/Ofc/Store Apts/Ofc
Tax Year 2022
Gross Income 0
County Cook
Insurance Expense 2227
Property Type Commercial Sale Mixed Use
Status Active
Directions Central to Montrose West to 5913
City Chicago
Total Units 2
MLS Area CHI - Portage Park
Lot Size Square Feet 3125
Street Name Montrose
Tax Annual Amount 6493.16
Electric Expense 1377
Fuel Expense 2429
Trash Expense 0
Water Sewer Expense 750
Additional Parcels Y/N N
Virtual Tour https://tours.databasedads.com/4603446/5913-W-Montrose-Avenue-Chicago-IL?u=1
Days on Market 23
Standard Status Active
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Exterior
Lot Dimensions 25 X 125
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Interior
Street Suffix Avenue
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* Excluded Features
List By
Berkshire Hathaway Homeservices Chicago

Broker

ivona@ivonahomes.com

Email

Affordability Calculator

$3,791
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,250
Monthly Property Taxes
$541
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
5/15/2024$489,000 -2.00% Price Down
4/30/2024$499,000 Listed Price

Map


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5913 W Montrose Avenue, Chicago, IL, 60634 is a Commercial Property for sale at $489,000 with a lot size of 0.07174. 5913 W Montrose Avenue is a studio with 0.0 baths and was built in 1965. The property's zip code is 60634 which is in Chicago, IL