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Mixed-Use Brick Apartment Building
For Sale
$799,000
Pending

3742 W Montrose Avenue, Chicago, IL 60618

Masonry brick 9-unit building with street-level retail, zoned B3-1 and including on-site laundry and a 2-car garage.

Property Size5,700 SF
Days on Market180

Property Features for 3742 W Montrose Avenue

General Information

Standard status Pending
Size 5,700 SF
Total Parking Spaces 2
Property subtype Commercial
Zoning COMMR

Additional Details

Road Access Yes
Multifamily Units 8

Taxes and HOA fees

Annual Taxes $12,700

Amenities

common-area laundry

Building Details

Building Size 5,700 SF
Year Built 1919
Year Renovated 2023
Stories 3
Units 9
Construction masonry brick
Tenancy Multi
Listing Agency: Triton Realty Group LLC
Listed By: Lukasz Wojcik · License #475139979
Source: Jjillrealtygroup
Added: Mar 13 Changed: Sep 8 Last Checked: Aug 25 at 9:20AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Triton Realty Group LLC

Investment Insights

Based on property information with market context.

This mixed-use masonry brick building includes eight residential apartment units and one street-level retail unit. Built in 1919, the property is equipped with electric space heaters, building-owned common-area laundry, and a 200-amp electrical service with panels located in the basement. Operating expenses are structured with owner-paid electric and water, while tenants pay gas. The building also includes a 2-car garage.

The property is zoned B3-1 and is located within the Northwest ADU Pilot Zone. It sits on West Montrose Avenue and was sold as-is.

Recent capital improvements were completed in 2023, including roof, masonry, and window renovations.

Key Highlights

  • Masonry brick 9‑unit mixed‑use building with 8 residential apartments plus 1 street‑level retail unit
  • Zoned B3‑1 and located within the Northwest ADU Pilot Zone
  • Building‑owned common‑area laundry and a 2‑car garage

Property Analytics

Current Use

Los tacos express Restaurant

Suggested Use

Top Pick Skin Care Clinic Nursing Home (Bike/Boat/Book/etc) Store Bed & Breakfast Tanning Salon Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

2,729
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Masonry brick 9-unit building with street-level retail, zoned B3-1 and including on-site laundry and a 2-car garage.
Where is this apartment building located?
The property is located at 3742 W Montrose Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Masonry brick 9‑unit mixed‑use building with 8 residential apartments plus 1 street‑level retail unit; Zoned B3‑1 and located within the Northwest ADU Pilot Zone; Building‑owned common‑area laundry and a 2‑car garage
More about this property
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