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Updated Leased Property For Sale
For Sale
$850,000

5844-5848 W MONTROSE Avenue, Chicago, IL 60634

Updated single-story building with four units, fully leased in Chicago.

Property SizeContact for details
Days on Market340

Property Features for 5844-5848 W MONTROSE Avenue

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1926
Listing Agency: MILLENNIUM PROPERTIES RE, INC.
Listed By: SUSAN SILVER · License #475136992
Source: Corcoran
Added: Aug 29, 2025 Changed: Jul 6 Last Checked: Aug 3 at 7:35AM

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 MILLENNIUM PROPERTIES RE, INC.

Investment Insights

Based on property information with market context.

Available for sale is a newly updated single-story property comprised of four separate units, originally three buildings combined into one structure. The property is fully leased to a restaurant, dance studio, storage unit, and office space. This turnkey opportunity offers frontage and is situated in close proximity to I-90/94, Metra, and CTA Blue Line train stations. The property is located within Portage Park, a Chicago neighborhood.

Key Highlights

  • Fully leased, turnkey investment property featuring four separate units, ready for immediate income.
  • Excellent frontage on Montrose Avenue.
  • Prime location in Portage Park, a desirable Chicago neighborhood.

Property Analytics

Current Use

Fitness centers & gyms

Suggested Use

Top Pick Law Firm Hotel & Motel Cafe & Coffee Shop Cosmetic Store Gym & Fitness Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

803
Businesses Nearby
Under-served
Demand for This Use

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

Properties on Market for Restaurants in Chicago

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Restaurant - Updated single-story building with four units, fully leased in Chicago.
Where is this restaurant located?
The property is located at 5844-5848 W MONTROSE Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully leased, turnkey investment property featuring four separate units, ready for immediate income.; Excellent frontage on Montrose Avenue.; Prime location in Portage Park, a desirable Chicago neighborhood.
More about this property
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