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3-Unit Residential Building
New
For Sale
$399,900

4541 W Montana Street, Chicago, IL 60639

Vacant apartments include an updated kitchen, a finished lower-level unit, and basement laundry.

Property SizeContact for details
Days on Market5

Property Features for 4541 W Montana Street

General Information

Standard status Active
Total Parking Spaces 2
Property subtype MULTI_FAMILY

Property Condition

Severity Repairs Needed
Evidence needs work

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $549

Amenities

laundry

Building Details

Year Built 1918
Buildings 1
Listing Agency: Baird & Warner
Listed By: Melissa Stanley · License #471004787
Source: Harkinsandassociates
Added: Oct 1 Changed: Oct 5 Last Checked: Oct 4 at 5:43PM

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 Baird & Warner

Investment Insights

Based on property information with market context.

Built in 1918, this three-unit residential property has two above-grade apartments and a finished basement apartment. The first-floor unit has two bedrooms, one bathroom, an updated kitchen, and central air. Upstairs, a larger one-bedroom, one-bathroom unit has forced-air heat without air conditioning. The basement apartment shares utilities with the first-floor unit and has laundry facilities. All units are vacant. The building is currently habitable but requires work.

The property occupies an oversized lot with a yard and a two-car garage in Chicago. These existing features accompany a layout comprising two flats and an additional basement apartment.

Key Highlights

  • Three residential units: a 2‑bedroom, 1‑bathroom first‑floor apartment, a 1‑bedroom, 1‑bathroom second‑floor apartment, and a basement apartment
  • 1918 construction
  • Updated first‑floor kitchen and central air

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store Acupuncture Gym & Fitness Center

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,485
Businesses Nearby

Demographics for 60639, IL

89,543
Population
28,656
Households
3.1
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
5.0 sq mi
ZIP Area
17,909
Density / Sq Mi
$59,710
Median Household Income
$34,846
Median Earnings
$1,212
Median Rent
$289,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Triplex - Vacant apartments include an updated kitchen, a finished lower-level unit, and basement laundry.
Where is this triplex located?
The property is located at 4541 W Montana Street Chicago, IL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three residential units: a 2‑bedroom, 1‑bathroom first‑floor apartment, a 1‑bedroom, 1‑bathroom second‑floor apartment, and a basement apartment; 1918 construction; Updated first‑floor kitchen and central air
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