Property profile

3034 W Montrose Ave Chicago, IL 60618

FOR SALE
Storefront properties
Property ID
US28-5791747
Built 1921
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Property summary

AI-generated overview

Strong investment. East Albany Park neighborhood at its best commercial corridor of retail/pedestrian traffic. The corner of Montrose Ave., at Whipple Ave., just east of Kedzie Ave., traffic light intersection. 2024, recent improvements exceeded 200K. Approximately 11,500 Sq. ft. of land and 6,500 Sq. ft. of mixed-use building. 2-pin numbers front and back with address 4410 N. Whipple Ave. used for parking lot. Current existing building featuring 5-Commercial stores leased to 3-different tenants/users. 2-Residnetial units on the 2nd level, consisting of 2-bedrooms 1-bath each. NEARBY retailers, include, Walgreens, Starbucks, Dunkin Donates, restaurants and shops. Strong street presence and exposure. Walking distance to all convenient retailers, shops, entertainment places, and public transportation. Rear metal gated parking offers 15-Spaces. Great location, close to major roads, interstates, O'Hare Airport, downtown, and within short distance of Lake Shore Dr. 1-commerical space is vacant now.

Property profile

Verified
Property type Storefront properties
Year built 1921
UPID US28-5791747

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Electronics & Wireless Store Mobile Phone Store

Location

3034 W Montrose Ave Chicago, IL 60618
Chicago metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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