MLS#12715280
STATUSNew
PROPERTY TYPECommercial - Retail
Property Description
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 9.9. Expenses total $30861. Net income $74859. Cap rate of 7.1%. Newly coated roof with silicone newer boiler heating system and hot water tank.
Property Features
Property Type: Commercial - Retail
Cooling: None
Lot Size: 0.12 Acres
Roof Type: Reflective Coating, Tar/Gravel
Stories: 2.0
Taxes: $14,063
Year Built: 1923
Feature Descriptions
Drains: Patio
Electric: Circuit Breakers
Exterior: Brick
Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Gas, Steam
Location: Central Business District, Corner
Lot Dimensions: 43 X 125
Miscellaneous Indoor: Storage Inside
Miscellaneous Outdoor: Patio
Parcel#: 13163030010000
Potential Use: Commercial, Retail
Tenant Pays: Electricity, Heat, Other
Units: 6
Utilities: Electric to Site, Natural Gas Available
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 312-319-1168
Shown By
Agent Name: Dale Williams
Agent Phone: Cell: (815) 519-2243
Agency Title: Gambino Realtors
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5259 W Montrose Avenue | MLS# 12715280
This commercial property located at 5259 W Montrose Avenue , Chicago, IL 60634 is currently listed for sale with an asking price of $1,050,000. Search Chicago real estate on dwilliams.gogambino.com today.