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    3034-3042 W Montrose Ave Chicago, IL 60618

    For Sale
    $1,449,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    6,500 SF
    Days on Market:
    39
    Last Refresh:
    Dec 8 at 9:06 am

    Property Features for 3034-3042 W Montrose Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    13131270330000
    Size
    6,500 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1921
    Number of units
    7
    Architectural style
    Other

    Coldwell Banker Leader Realty (312) 513-4490 [email protected]

    Listing agent Mark Ahmad (773) 465-4200 License #471007186

    Listing date Oct 31, 2025

    MLS# 12498219 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

    Mixed-Use Building in Albany Park

    Located in the East Albany Park neighborhood of Chicago, this mixed-use building is situated on the commercial corridor of Montrose Avenue at Whipple Avenue, just east of the Kedzie Avenue traffic light intersection. The property features approximately 6,500 square feet of building space on 7,470 square feet of land. Recent improvements in 2024 exceeded $200,000. The property consists of two pin numbers, front and back, offering the possibility of erecting another multi or mixed-use building on the rear pin number, addressed at 4410 N. Whipple Ave. The existing building includes five commercial stores leased to three different tenants, along with two residential units on the second level, each featuring two bedrooms and one bath. The rear of the property offers metal-gated parking with 15 spaces. Nearby retailers include Walgreens, Starbucks, and Dunkin Donuts, as well as various restaurants and shops. The property benefits from strong street presence and exposure, with walking distance to retailers, shops, entertainment, and public transportation. The location provides convenient access to major roads, interstates, O'Hare Airport, downtown, and Lake Shore Drive.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -87.7048719
    Latitude
    41.9614215

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and residential units in Chicago.
    Where is this mixed-use property located?
    The property is located at 3034-3042 W Montrose Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,449,000.
    What are key features of this property?
    This property features: - High-traffic commercial corner location in East Albany Park.; - Significant recent improvements exceeding $200,000 in 2024.; - Large 6,500 sq ft mixed-use building with 5 commercial units and 2 residential units.
    (773) 465-4200
    Request Owner's contact information
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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
    3034-3042 W Montrose Ave Chicago, IL 60618
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