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    5401 W Montrose Ave Chicago, IL 60641

    For Sale
    $399,000

    Land - Chicago, IL

    Days on Market:
    126
    Last Refresh:
    Dec 13 at 5:06 am

    Property Features for 5401 W Montrose Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    13163010180000

    Building Details

    Architectural style
    Other

    Realty Partners, LLC (847) 692-5889 [email protected]

    Listing agent David Piotrowski (847) 685-8300 License #475155906

    Listing date Aug 10, 2025

    MLS# 12438115 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

    Prime Corner Lot in Chicago

    Located at the signalized intersection of Montrose and Long in Chicago's Portage Park neighborhood, this property presents an investment opportunity. The corner lot offers approximately 62 feet of frontage on Montrose Avenue, with a total lot size of 7,000 square feet. Zoned B3-1, the site allows for a range of commercial and mixed-use development possibilities. The property was previously a dry cleaner, and soil remediation will be required prior to construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    White Star Cleaners Dry Cleaner

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office 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
    -87.7624937
    Latitude
    41.9602839

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    FAQs

    What type of property is this?
    Commercial land - 7,000 SF corner lot in Portage Park neighborhood.
    Where is this commercial land located?
    The property is located at 5401 W Montrose Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - High-visibility corner property at the signalized intersection of Montrose and Long.; - Located in Chicago's vibrant Portage Park neighborhood.; - Zoned B3-1, allowing for a wide range of commercial and mixed-use development possibilities.
    (847) 685-8300
    Request Owner's contact information
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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
    5401 W Montrose Ave Chicago, IL 60641
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