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3519 W Montrose Avenue Chicago, IL 60618

$700,000
New / MLS# 12652808 / Commercial - Business / Chicago
0 Beds

GREAT OPPORTUNITY!!! 6-unit, brick mixed-use (4 residential and 2 commercial) building in booming Albany Park! This is a fire-damaged property that has been professionally remediated - Extensive work has already been completed to clean and deodorize. Structure has been shored up with brick work, sub-flooring, wall framing, windows and roof framing. Additional work and finishing of the units await the new owner *** The building sits on a double wide lot (50 x 117) with alley access in the back with space for 8 parking spaces. * Architectural plans (available upon request) are done - Four 3-4BR/1BTH approx 1,000 sq ft apartments w/ enclosed 40' x 8' porches in rear AND two commercial spaces roughly 1,000 sq ft each. Center entrance for residential units and private entrances for commercial units. Conservative estimates of anticipated GRl of $125-$135K/year with NOI of roughly $100K * Strong cash-flow investment in fantastic northside Chicago neighborhood!

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Baird & Warner Michael Beaver Agent Cell: 773.368.1969 Email

Property Details

Property Type: Commercial - Business
Cooling: None
Lot Size: 0.13 Acres
Stories: 3.0
Taxes: $16,693
Year Built: 1920

Feature Descriptions

Electric: Other
Fire Protection: None
HVAC: Other
Lot Dimensions: 50 x 117
Parcel#: 13144010020000
Parking: 6-12 Spaces
Units: 6

Location

See details and scored characteristics about this location.

Listing Office: RCI Preferred Realty

Listing Office Phone: 773-220-4421



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