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    3100 W Montrose Ave Chicago, IL 60618

    For Sale
    Contact for pricing

    Business Opportunity - Chicago, IL

    Days on Market:
    216
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 3100 W Montrose Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR

    Utilities

    Cooling system
    Central Air

    Building Details

    Architectural style
    Other

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

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

    Listing date May 5, 2025

    MLS# 12353812 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

    Albany Park Business Opportunity

    Located east of the intersection of Kedzie Avenue and Montrose Avenue in East Albany Park, Chicago, this property presents a business opportunity in a corridor with significant pedestrian traffic. The property includes approximately 7,300 square feet of land and a building of about 5,000 square feet. Constructed in 1993, the 2-story building features high ceilings throughout, with a second-level mezzanine space at the front suitable for storage and office use. The location holds three city business licenses for mechanical repairs, auto parts sales, and car sales. Equipment included in the sale features 1 muffler bender, 1 break ledge, 2 hydraulic lift pumps, 1 computer engine diagnosis, and 1 electric welder. The property also includes three exterior brick wall sections suitable for advertisement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Norman International Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    Prompt Electric Motors, B&L Automotive Repairs, Inc., American & Foreign Car Services, Autohause Motor Werks Ltd, Kedzie Cash Junk Cars LLC

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.706040263149
    Latitude
    41.96152385

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    FAQs

    What type of property is this?
    Auto shop - Established Chicago business with multiple city licenses for sale.
    Where is this auto shop located?
    The property is located at 3100 W Montrose Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $22.
    What are key features of this property?
    This property features: - Prime East Albany Park location with high pedestrian and business traffic.; - Substantial land (approx. 7,300 sq. ft.) and building size (approx. 5,000 sq. ft.).; - Includes 3 existing city business licenses: Mechanical repairs, Auto parts sales, and Car sales.
    (773) 465-4200
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    3100 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
    3100 W Montrose Ave Chicago, IL 60618
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