Mixed-Use Retail and Apartment
For Sale
$1,050,000
5259 W Montrose Avenue, Chicago, IL 60634
Building includes two retail spaces and four apartments, with updated kitchens and baths plus a detached 3-car garage.
Days on Market8
Property Features for 5259 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
Amenities
Reflective Coating Roof
Building Details
Year Built
1923
Listing Agency:
COMPASS
(312) 319-1168
Listed By:
MATTHEW MIKA · License #471001481
Source:
Corcoran
Added: Jul 25
Changed: Jul 27
Last Checked: Aug 1 at 5:33AM
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 features two retail storefronts and four apartments, along with a detached 3-car garage. The apartments have updated kitchens and baths, and the unit mix includes 5-room 2-bedroom layouts in front that may be used as 3-bedroom configurations, as well as 4-room 1-bedroom units in the rear.
The property is described as being in the heart of the Portage Park area, with a park located about two blocks south. The corner beauty shop is leased through May 2028, and the second store space to the east is leased through September 2027; both retail tenants are noted as being under-rented. Stores were previously combined and served as a large grocery store, and the building includes a basement portion rented to a contractor.
Recent improvements mentioned include a newly coated roof with silicone, along with 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. The corner beauty shop is leased through May 2028, and the second store space to the east is leased through September 2027; both retail tenants are noted as being under-rented. Stores were previously combined and served as a large grocery store, and the building includes a basement portion rented to a contractor.
Recent improvements mentioned include a newly coated roof with silicone, along with a newer boiler heating system and hot water tank.
Key Highlights
- Mixed‑use building (1923) with 2 stores, 4 apartments, and a detached 3‑car garage
- Retail leases: beauty shop ~1,200 SF leased to May 2028 at $1,450/mo and art studio ~1,100 SF leased to Sep 2027 at $1,125/mo
- Apartments have updated kitchens and baths, including front 5‑room 2BR (potential 3BR) rented at $1,540 and $1,850
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
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 includes two retail spaces and four apartments, with updated kitchens and baths plus a detached 3-car garage.
Where is this quadplex located?
The property is located at 5259 W Montrose Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Mixed‑use building (1923) with 2 stores, 4 apartments, and a detached 3‑car garage; Retail leases: beauty shop ~1,200 SF leased to May 2028 at $1,450/mo and art studio ~1,100 SF leased to Sep 2027 at $1,125/mo; Apartments have updated kitchens and baths, including front 5‑room 2BR (potential 3BR) rented at $1,540 and $1,850
