About 5257 W Montrose Avenue
Heart of Portage Park area. Park is literally 2 blocks south of the property. Building consists of 2 stores and 4 apartments plus a 3-car detached garage. All apartments have updated kitchens and baths. Stores are a beauty shop on the corner about 1200 square feet leased till May 2028 at $1450. per month. Store to the east about 1100 square feet is an art studio leased till September 2027 at $1125. per month. Both stores are under rented. Stores were at one time combined and served as a large grocery store and can easily be done again. Apartments in front are 5 room 2 bedroom depending on use can be 3 bedroom. rented at $1540. and $1850. Two apartments in the rear are 4 room one bedroom leased for $1105. and $1140. 3 car garage and part of basement are rented to a contractor for $600. per month. Total income $8810 per month or $105720 yearly. Gross multiplier 9.32. Expenses total $30182. Net income $75538. Cap rate of 7.6%. Newly coated roof with silicone newer boiler heating system and hot water tank. Any questions, concerns or comments regarding this listing please contact: Norbert Mika Text or email preferred. Do not contact Matthew Mika. See broker remarks for contact information.
Features of 5257 W Montrose Avenue
| MLS® # | 12745373 |
|---|---|
| Price | $985,000 |
| Bathrooms | 0.00 |
| Year Built | 1923 |
| Type | Commercial Sale |
| Sub-Type | Multi Family 5+ |
| Status | Active |
| Taxes | $14,063 |
Community Information
| Address | 5257 W Montrose Avenue |
|---|---|
| Area | CHI - Portage Park |
| City | Chicago |
| County | Cook |
| State | IL |
| Zip Code | 60634 |
Amenities
| Is Waterfront | No |
|---|---|
| New Construction | No |
| Has Pool | No |
Interior
| Cooling | None |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior | Brick |
|---|---|
| Roof | Reflective Coating, Tar/Gravel |
| Foundation | Concrete Perimeter |
Additional Information
| Days on Market | 7 |
|---|---|
| Zoning | MULTI |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass |
|---|