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    5940 W Montrose Ave Chicago, IL 60634

    For Sale
    $849,900

    Office - Chicago, IL

    Type:Office
    Property size:
    4,000 SF
    Days on Market:
    121
    Last Refresh:
    Dec 7 at 10:06 pm

    Property Features for 5940 W Montrose Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    OFFIC
    APN
    13172250380000
    Size
    4,000 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1957
    Number of units
    1
    Flooring type
    Concrete
    Architectural style
    Other

    NellyCorp Realty (773) 929-1200 [email protected]

    Listing agent Patricia Santiago (773) 929-1200 License #475181206

    Listing date Aug 9, 2025

    MLS# 12440033 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 Portage Park

    This well-maintained mixed-use building is located in Portage Park and offers flexibility for investors and owner-users. The main level features 3,000 square feet of open commercial space with high ceilings and exposed brick. It includes a large employee kitchen, 4 bathrooms, ample storage, and private parking. The property is suitable for various business types, including retail, professional or medical offices, personal services, restaurants/cafes, and fitness studios. Above the commercial space is a renovated 1,000 square foot apartment (renovated in 2024) with 2 beds and 1 bath, featuring a new kitchen and appliances, hardwood floors, a new furnace, a new water heater, central air, and new electrical service. This residential unit is suitable for additional income or live/work use. Other upgrades include a full tear-off and new decking on the upper roof (2023), lower roof approximately 10 years old, and a parking lot sealed in 2021. The property includes two PINs and is in great condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Teamsters Labor Union Pablo R. Acosta, ... Accountant

    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
    -87.7762237
    Latitude
    41.9606303

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    FAQs

    What type of property is this?
    Mixed-use property - Well-maintained mixed-use building with commercial space and renovated apartment.
    Where is this mixed-use property located?
    The property is located at 5940 W Montrose Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: - Mixed-use building with commercial space and renovated apartment (2024) offers income potential and flexibility.; - 3,000 sq ft of open commercial space suitable for diverse business types.; - Renovated 1,000 sq ft apartment features 2 beds, 1 bath, new kitchen/appliances, and modern upgrades.
    (773) 929-1200
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    Chicago, IL 60634
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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
    5940 W Montrose Ave Chicago, IL 60634
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