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    4301 W Montrose Ave Chicago, IL 60641

    Under Contract
    For Sale
    $1,235,000

    Land - Chicago, IL

    Lot size:
    0.32 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 14 at 1:06 pm

    Property Features for 4301 W Montrose Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    COMMR
    APN
    13154000180000
    Lot size
    0.32 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Architectural style
    Other

    Compass Real Estate

    Listing agent Melanie Giglio (773) 466-7150 License #475149215

    Listing date Oct 31, 2025

    MLS# 12174960 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

    Corner Double Parcel Redevelopment Opportunity

    This corner double parcel on Montrose presents a redevelopment opportunity. The property is currently zoned RS3.5. The current tenant is on a month-to-month lease, offering an opportunity for site development. The property is located in Chicago, IL, with a lot size of 0.32 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    540 AUTO SALES Used Car Dealer Speed Auto Services ... Auto Repair Shop WOLLEY TAXI Taxi Service 540 Auto Repair Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.736042
    Latitude
    41.960699

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    FAQs

    What type of property is this?
    Commercial land - Prime corner double parcel in Chicago for redevelopment.
    Where is this commercial land located?
    The property is located at 4301 W Montrose Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,235,000.
    What are key features of this property?
    This property features: - Prime corner double parcel with significant redevelopment potential.; - Zoned RS3.5, suitable for residential housing development.; - Aligned with updated city planning for increased residential density.
    (773) 466-7150
    Request Owner's contact information
    4301 W Montrose Ave Chicago, IL 60641
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    Chicago, IL 60641
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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
    4301 W Montrose Ave Chicago, IL 60641
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