5257 W Montrose Ave

Chicago, IL 60634
  • $985,000

    Price
  • 0

    Bed
  • 0

    Bath
  • 0

    SqFt

About the Listing 87291 - 153079,103409

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.

Listing Highlights

Status Active
Days on Site 2
Property Type Multi-Family
MLS ® 12745373
Year Built 1923
Total Square Footage 0
Lot/Acreage 0.12

Interior Details

  • Bedrooms: 0
  • Bathrooms: 0 Full
  • Appliances:
  • Air Cond:
  • Heating: Gas,Steam
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 43 X 125
  • Zoning: MULTI
  • Roof: Reflective Coating,Tar/Gravel
  • Others:
  • Sewer:
  • Parking Features: 1-5 Spaces

Financial Details

  • Tax Amount: $14,063
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 13163030010000
  • Tax Year: 2024

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5257 W Montrose Ave Chicago, IL 60634

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Originating MLS: mred

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Puneet "Pete" Kapoor - CPA, ABR, PSA, SRS, CIPS, ACP

CPA, SRS, PSA, CIPS, ACP, GROUP LEAD, REALTOR | PRINCIPAL CO-OWNER | The Sterling Group Global | Keller Williams Infinity

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