Mixed-Use Building with Four
New
For Sale
$985,000
5259 W Montrose Avenue, Chicago, IL 60634
Two retail suites and four apartments provide a diversified commercial and residential configuration near Portage Park.
Property SizeContact for details
Days on Market3
Property Features for 5259 W Montrose Avenue
General Information
Standard status
Active
Total Parking Spaces
3
Property subtype
Commercial
Zoning
MULTI
Occupancy
100%
Net Operating Income
$74,859
Financials
Cap Rate
7.1%
Gross Income
$105,720
Gross Rent Multiplier
9.9
Additional Details
Corner Location
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,063
Building Details
Year Built
1923
Buildings
2
Stories
2
Units
6
Tenancy
Multi
Listing Agency:
Compass
(312) 319-1168
Listed By:
Matthew Mika · License #471001481
(312) 319-1168
Source:
Perillorealestategroup
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 10 at 6:25AM
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.
Built in 1923, this mixed-use building combines two storefronts, four apartments, a detached three-car garage, and a portion of the basement. The residential units include two front apartments with five rooms and two bedrooms, potentially configurable as three-bedroom layouts depending on use, plus two rear one-bedroom apartments with four rooms. Each apartment has an updated kitchen and bathroom. The property also features a newly silicone-coated roof, a newer boiler heating system, and a newer hot water tank.
The corner retail suite measures approximately 1,200 square feet and is occupied by a beauty shop through May 2028. The eastern storefront contains approximately 1,100 square feet and is leased to an art studio through September 2027. The two commercial spaces were formerly combined into a larger grocery-store layout and may be reconfigured together. The property is located in the Portage Park area, with the park two blocks south, and carries MULTI zoning.
The corner retail suite measures approximately 1,200 square feet and is occupied by a beauty shop through May 2028. The eastern storefront contains approximately 1,100 square feet and is leased to an art studio through September 2027. The two commercial spaces were formerly combined into a larger grocery-store layout and may be reconfigured together. The property is located in the Portage Park area, with the park two blocks south, and carries MULTI zoning.
Key Highlights
- Mixed‑use building with 2 stores, 4 apartments, a detached 3‑car garage, and basement space
- Corner beauty shop suite measures about 1200 square feet and is leased through May 2028
- Eastern art studio suite contains about 1100 square feet and is leased through September 2027
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?
Mixed-use property - Two retail suites and four apartments provide a diversified commercial and residential configuration near Portage Park.
Where is this mixed-use property located?
The property is located at 5259 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 with 2 stores, 4 apartments, a detached 3‑car garage, and basement space; Corner beauty shop suite measures about 1200 square feet and is leased through May 2028; Eastern art studio suite contains about 1100 square feet and is leased through September 2027
