3034 W Montrose Avenue, Chicago, IL 60618
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 3:06 am
Property Features for 3034 W Montrose Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMR
- Standard status
- Active
- APN
- 13131270330000
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 20079
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1921
- Floors in Building
- 2
- Number of units
- 7
- Building materials
- Concrete, Brick
Listing agent Mark Ahmad License #471007186 (312) 513-4490
Listing office Century 21 Circle 3372 W Devon Ave, Chicago, IL (773) 465-4200
Listing date Jun 8, 2026
Copyright © 2026 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.
HighLights
- Mixed‑use corner property with retail/pedestrian traffic at Montrose Ave. & Whipple Ave., just east of Kedzie Ave.
- 6,500 sq. ft. mixed‑use building on an approx. 7,500 sq. ft. land lot; 1921 construction with brick and concrete.
- Five commercial stores leased to 3 different tenants/users; 1 commercial space is currently vacant.
- Second‑level residential: two 2‑bedroom, 1‑bath units.
- Rear metal gated parking with 15 spaces, plus a parking‑lot pin/address at 4410 N. Whipple Ave.
- Central air cooling; 2024 improvements reportedly exceeded $200,000.
Overview
The site is described as located in the East Albany Park neighborhood along a retail/pedestrian corridor at a corner intersection with a traffic light. The corner is at Montrose Avenue and Whipple Avenue, just east of Kedzie Avenue. The remarks also reference a second address associated with the parcel, indicating 2-pin numbers front and back, including 4410 N Whipple Avenue used for the parking lot.
For tenants and operators, the configuration provides multiple storefront options within one ownership and includes convenient on-site parking. A rear metal gated parking area is described as offering 15 spaces. The listing also notes one commercial space is vacant now, which may support user needs for added flexibility while the remaining stores remain leased to current tenants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.9k | $24.60 |
| − Vacancy | −$10.4k | −$1.60 |
| EGI | $149.5k | $23.00 |
| − OpEx | −$44.9k | −$6.90 |
| NOI | $104.7k | $16.10 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Albany Park Blooms — 4009 N Albany Ave Suite back, Chicago, IL 60618
- Botanica Lucero Flowers — 4644 N Kedzie Ave, Chicago, IL 60625
- FTD — 4012 N Kimball Ave, Chicago, IL 60618
- Fely & Gaby Flower And Gifts Shop — 4644 N Kedzie Ave, Chicago, IL 60625
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7048719
- Latitude
- 41.9614215
