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$ 895,000
Est. payment /mo
New
3816 W MONTROSE AVE Chicago, IL 60618
4,250 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,250 sqft
Price per Sqft $210
MLS Listing ID 12417867
Year Built 1913
Annual Tax Amount $13,060
Tax Year 2023
Lot Dimensions 27X118
Property Sub-Type Mixed Use
Property Description
This 3-unit property is a great investment opportunity or perfect for a Live/Work owner! The roof has been replaced 2 years ago and both 2-bed and coach house have new electrical. The 1600 Sq. Ft. storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated, and it's currently rented out. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. The estimated market rent for the couch house is $3600, and that number is used to calculate the GRI income. With public transportation nearby, commuting is a breeze. Great upside potential
Location
State IL
County Cook
Area Chi - Albany Park
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick
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Listed by Lora Vasileva • Cedar Realty
Craig Hogan | Rudy Zavala
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