4263 W Montrose Avenue
Chicago, IL 60641

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Description

Value-add mixed-use opportunity in Irving Park. Brick 4-unit property consisting of approximately 500 SF of street-level retail space and three residential units: one 2-bedroom, one 1-bedroom, and one studio. The building is currently shuttered and fully vacant, and is in need of restoration, presenting strong upside for an investor or developer. Property features individually controlled gas forced-air furnaces, central air conditioning, separate electric and gas meters, owner-paid water, and partially unfinished basement. Masonry brick construction with rebuilt wood porches. Zoned RT-3.5. Sold as-is.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60641
• Year Built: 1915
• Stories: 2
• Units: 4 units
• Zoning: RTAIL
• # Of Apts: 3
• # Of Offices: 1
• # Of Ranges: 3
• # Of Refrigs: 3
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air, Central Individual
• Directions: Montrose east or west in either direction, 2 blocks west of Pulaski.
• Electric: Circuit Breakers
• Electric Expense: 559
• Electric Expense Source: Actual
• Expense Year: 2025
• Geographic Locale: Chicago North, Chicago Northwest
• Heat/Ventilation: Forced Air
• Information: 24-Hr Notice Required, List Broker Must Accompany
• Insurance Expense: 4207
• Insurance Expense Source: Actual
• Lot Size Square Feet: 2500
• Main Type: Commercial Sale
• Operating Expense: 17793
• Other Expense: 2800
• Other Expense Source: Broker Projection
• Property Sub Type: Mixed Use
• Tax Annual Amount: 9075
• Tax Year: 2024
• Tenant Pays: Electricity, Heat
• Total Annual Expense Source: Combination
• Township: Jefferson
• Trash Expense: 552
• Trash Expense Source: Actual
• Water Expense Source: Broker Projection
• Water Sewer Expense: 600