Mixed-Use Retail and
For Sale
$985,000
5257 W Montrose Avenue, Chicago, IL 60634
Building offers two leased retail spaces and four apartments, plus a detached 3-car garage and shared basement income.
Property SizeContact for details
Days on Market20
Property Features for 5257 W Montrose Avenue
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Commercial
Occupancy
100%
Additional Details
Cap Rate
7.1%
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,063
Amenities
Reflective Coating Roof
Building Details
Year Built
1923
Tenancy
Multi
Listing Agency:
COMPASS
(312) 319-1168
Listed By:
MATTHEW MIKA · License #471001481
Source:
Corcoran
Added: Jul 25
Changed: Aug 12
Last Checked: Aug 13 at 6:28AM
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 COMPASS
Investment Insights
Based on property information with market context.
This mixed-use building includes two retail stores and four apartments, supported by a 3-car detached garage and part of a basement that is rented to a contractor. The apartments have updated kitchens and baths, with front units described as 5-room two-bedroom layouts that may be configured as three-bedroom depending on use, and rear units described as 4-room one-bedroom apartments. The stores are currently separate spaces: a beauty shop on the corner and an art studio to the east.
The property is described as being in the heart of the Portage Park area, with a park located about two blocks south. Reported leases extend through 2027 and 2028, and the stores are stated as under rented.
Recent building improvements include a newly coated roof with silicone and a newer boiler heating system and hot water tank.
The property is described as being in the heart of the Portage Park area, with a park located about two blocks south. Reported leases extend through 2027 and 2028, and the stores are stated as under rented.
Recent building improvements include a newly coated roof with silicone and a newer boiler heating system and hot water tank.
Key Highlights
- Mixed‑use building (built 1923) with 2 stores, 4 apartments, plus a detached 3‑car garage and part of basement leased to a contractor
- Retail: beauty shop ~1,200 SF leased until May 2028 at $1,450/mo; art studio ~1,100 SF leased until Sept 2027 at $1,125/mo
- Apartments: front units are 2BR 5‑room with rents $1,540 and $1,850; rear units are 1BR 4‑room leased at $1,105 and $1,140
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,987
Businesses Nearby
Explore this area
Business Placement
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Building offers two leased retail spaces and four apartments, plus a detached 3-car garage and shared basement income.
Where is this quadplex located?
The property is located at 5257 W Montrose Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Mixed‑use building (built 1923) with 2 stores, 4 apartments, plus a detached 3‑car garage and part of basement leased to a contractor; Retail: beauty shop ~1,200 SF leased until May 2028 at $1,450/mo; art studio ~1,100 SF leased until Sept 2027 at $1,125/mo; Apartments: front units are 2BR 5‑room with rents $1,540 and $1,850; rear units are 1BR 4‑room leased at $1,105 and $1,140
