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    2024 W Montrose Ave Chicago, IL 60618

    For Sale
    Contact for pricing

    Business Opportunity - Chicago, IL

    Property size:
    5,830 SF
    Days on Market:
    96
    Last Refresh:
    Dec 7 at 8:06 am

    Property Features for 2024 W Montrose Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    00000000000000
    Size
    5,830 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

    Village Realty (708) 478-1212 [email protected]

    Listing agent Alia Qureshi (708) 478-1212 License #475204392

    Listing date Sep 3, 2025

    MLS# 12428080 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Hair Salon & Barber Shop

    A fully equipped hair salon and barber shop, established for seven years, is available for purchase. The business occupies a 900-square-foot space in a high-traffic, high-visibility area on Montrose Avenue, surrounded by residential neighborhoods, retail establishments, and restaurants. The location benefits from steady foot traffic and easy customer access. The sale includes the business only; the real estate is not included. The salon features seven stations, three salon chairs, and two shampoo sinks. The waiting area includes two couches and a television. Additional amenities include a washer and dryer, two wall-mounted shelves, and two private rooms. The space has new floors and updated plumbing. The monthly rent is $1,500. This is a turnkey, well-established business suitable for an owner-operator or investor. The property is located in Chicago, Illinois.
    Location Intelligence

    Current Use by Public Records

    Ankedos Style Hair ... Barber Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6800906
    Latitude
    41.9616242

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    FAQs

    What type of property is this?
    Retail space - Fully equipped hair salon and barber shop in prime location.
    Where is this retail space located?
    The property is located at 2024 W Montrose Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Turnkey, fully equipped hair salon & barber shop.; - Prime, high-traffic Montrose Ave location.; - Established business with 7 years in operation.
    (708) 478-1212
    Request Owner's contact information
    2024 W Montrose Ave Chicago, IL 60618
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    Chicago, IL 60618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2024 W Montrose Ave Chicago, IL 60618
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