3100 W Montrose Ave Chicago, IL 60618
For Sale
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This exceptional investment opportunity presents a 4,800 square foot, two-story building situated on a 7,250 square foot lot at 3100 W Montrose Avenue in Chicago's Albany Park neighborhood. Built in 1993, this modern structure boasts high ceilings throughout and includes a mezzanine level perfect for storage and office space. The property currently operates as an auto-related business, holding three city business licenses: mechanical repairs, auto parts sales, and a car sales lot. Included in the sale are various pieces of equipment, such as a muffler bender, break ledge, two hydraulic lift pumps, a computer engine diagnosis system, and an electric welder. The building features three exterior brick walls ideal for advertising. The property is located at a high-traffic intersection of Kedzie Avenue and Montrose Avenue, benefiting from significant pedestrian and vehicular traffic within a well-established business corridor. The business itself is available for separate purchase, offering additional income potential. This turnkey operation is perfect for an entrepreneur looking to establish or expand their auto-related business in a prime Chicago location. The asking price for the real estate is $1,199,000.
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Norman International Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.