Mayfair Industrial and Office
For Sale
$1,799,000
4220-4228 W Montrose Avenue, Chicago, IL 60641
Industrial and office property in Mayfair with development opportunity.
Property SizeContact for details
Days on Market396
Property Features for 4220-4228 W Montrose Avenue
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$41,112
Amenities
Central air
Central Individual Cooling
Building Details
Year Built
1959
Listing Agency:
STRAUSS REALTY LTD
(773) 736-3600
Listed By:
DALE STRAUSS · License #471007335
Source:
Corcoran
Added: Jul 21, 2025
Changed: Aug 17
Last Checked: Aug 20 at 4:28AM
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 STRAUSS REALTY LTD
Investment Insights
Based on property information with market context.
Located in Mayfair, this property offers an industrial and office space suitable for development. The site includes a total of 11,700 square feet of buildings situated on 18,445 square feet of land, complete with on-site parking lots. The property is positioned on Montrose Avenue, a high-traffic thoroughfare, with convenient access to I-90, the O'Hare Blue Line, and other major routes. The building at 4220 W. Montrose Avenue is a 2,300-square-foot office building with an on-site parking lot accommodating approximately 8 vehicles. The office layout features a reception area, 8 private offices, 2 bathrooms, a kitchen, storage space, a conference area, and an open workspace. The building at 4224-4228 W. Montrose is a 7,100-square-foot warehouse/shop with a parking lot, an office, and 3 garage doors; it is currently leased to a lawnmower repair company. Additionally, there is a rear 2,300-square-foot warehouse with a 600-square-foot office, a bathroom, and fenced parking/storage area.
Key Highlights
- High‑traffic location on Montrose Avenue, close to I‑90 and O'Hare Blue Line.
- Substantial 11,700 SF of buildings on a large 18,445 SF lot.
- Onsite parking lots included.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,320
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial and office property in Mayfair with development opportunity.
Where is this warehouse located?
The property is located at 4220-4228 W Montrose Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: High‑traffic location on Montrose Avenue, close to I‑90 and O'Hare Blue Line.; Substantial 11,700 SF of buildings on a large 18,445 SF lot.; Onsite parking lots included.
