Property profile

1510 Montrose Ave 2 Chicago, IL 60613

OFF-MARKET
Residential income homes
Property ID
US28-2382792
2,468 SF 0.06 ac lot Built 1903
Entity Owned 3-yr Hold
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Property summary

AI-generated overview

In Chicago’s Ravenswood neighborhood, this residential 2-flat income property includes a total of 7 bedrooms and 4 bathrooms. The upper unit is configured with 4 bedrooms and 2 bathrooms, and the lower unit has 3 bedrooms and 2 bathrooms; both units feature renovated kitchens and bathrooms with granite countertops, stainless-steel appliances, and modern finishes. The building has two exterior entrances, providing flexibility for multiple occupants and separate access between units, including use patterns consistent with short-term rental hosting. Documented exterior and systems updates include a tear-off roof and new parapet completed in 2018, a rebuilt porch completed in 2024, a new sidewalk and back patio installed in 2018, and water heaters replaced during 2023–2024. The property sits on a 0.06-acre lot and is located within walking distance of the Southport Corridor, Wrigley Field, the CTA Brown Line, Wells Park, and major retail and dining options, with reported Walk Score of 94 and Transit Score of 82.

Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1903
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,468 SF
Lot 0.06 ac (2,760 SF)
APN 14-17-119-028
UPID US28-2382792

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1510 Montrose Ave, Unit 2 Chicago, IL 60613-1212
Chicago metro Census 31900 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
$635k
Comparable Approach Comparable
$618k
Blend (final) Blend
$615k

Owner & transaction history

since 2023
Last sale
$563,500
5 recorded transactions
2023
Price N/A
2017
$563,500
2010
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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