3100 W Montrose Avenue, Chicago, IL 60618
Auto shops
- Added:
- Jun 27, 2024
- Days on Market:
- 740
- Last Refresh:
- Jun 28 at 6:37 pm
Property Features for 3100 W Montrose Avenue
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.17 Acres
- Property subtype
- Special Purpose
Listing office CENTURY 21 Circle (773) 983-1553
Listing date Jun 27, 2024
Source Crexi
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 CENTURY 21 Circle
HighLights
- Prime location at the intersection of Kedzie Ave. and Montrose Ave. with high business corridor and pedestrian traffic.
- Substantial property size: Approximately 7,300 sq. ft. of land with a 4,800 sq. ft. building.
- Includes 3 city business licenses: Mechanical repairs, Auto parts sales, and Car sale lot.
- Modern building constructed in 1993 with 2‑story high ceilings.
- Mezzanine level provides additional storage and office space.
- Equipped with essential mechanical repair equipment: muffler bender, break ledge, hydraulic lift pumps, computer engine diagnosis, and electric welder.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.4k | $21.96 |
| − Vacancy | −$9.0k | −$1.87 |
| EGI | $96.4k | $20.09 |
| − OpEx | −$28.9k | −$6.03 |
| NOI | $67.5k | $14.07 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Prompt Electric Motors — 3841 N Kedzie Ave, Chicago, IL 60618
- B&L Automotive Repairs, Inc. — 3830 N Kedzie Ave, Chicago, IL 60618
- American & Foreign Car Services — 3866 N Elston Ave, Chicago, IL 60618
- Autohause Motor Werks Ltd — 3801 N Elston Ave, Chicago, IL 60618
- Kedzie Cash Junk Cars LLC — 3825 N Kedzie Ave, Chicago, IL 60618
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7060469
- Latitude
- 41.9614725
