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    5844-5848 W Montrose Ave, Unit Chicago Chicago, IL 60634

    For Sale
    $850,000

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

    Property Features for 5844-5848 W Montrose Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1926

    Source: MILLENNIUM PROPERTIES RE, INC. Agent SUSAN SILVER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Leased Property For Sale

    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.
    Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7738695
    Latitude
    41.9606619

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    FAQs

    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 Ave, Unit Chicago 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.
    (312) 338-3000
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5844-5848 W Montrose Ave, Unit Chicago Chicago, IL 60634
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