Albany Park Mixed-Use
For Sale
$799,000
Pending
3742 W Montrose Avenue, Chicago, IL 60618
Nine-unit building with retail and residential in Albany Park.
Property SizeContact for details
Days on Market181
Property Features for 3742 W Montrose Avenue
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1919
Listing Agency:
TRITON REALTY GROUP LLC
(312) 788-9379
Listed By:
LUKASZ WOJCIK
Source:
Corcoran
Added: Feb 3
Changed: Jul 10
Last Checked: Jul 31 at 2:21PM
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 investment opportunity is located in Albany Park. The masonry brick building, constructed in 1919, features nine units: eight residential apartment units and one street-level retail unit. The property is zoned B3-1 and is located within the Northwest ADU Pilot Zone. Building features include electric space heaters, building-owned common-area laundry, and a 200-amp electrical service with panels located in the basement. The owner pays for electric and water, while tenants pay for gas. A 2-car garage is included. Recent capital improvements completed in 2023 include renovations to the roof, masonry, and windows. The property is situated on Montrose Avenue and is being sold as-is.
Key Highlights
- Mixed‑use building with eight residential units and one retail unit provides diverse income streams.
- Located within the Northwest ADU Pilot Zone, offering potential for additional dwelling units.
- Recent capital improvements including roof, masonry, and window renovations completed in 2023.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,729
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Mixed-use properties in Chicago
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Nine-unit building with retail and residential in Albany Park.
Where is this mixed-use property 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: Mixed‑use building with eight residential units and one retail unit provides diverse income streams.; Located within the Northwest ADU Pilot Zone, offering potential for additional dwelling units.; Recent capital improvements including **roof, masonry, and window renovations completed in 2023.**
