4121 W Montrose Avenue , Chicago, IL 60641
Chicago, IL 60641
Description
This residential/commercial building is a great investment opportunity. Comprising of one building on two lots, 4119-4121, it offers a total of 4600 square feet of space. The property has recently undergone renovations, including a new roof in 2013, tuckpointing in 2012, and updates to Apt 1. The ground floor of the property features a commercial space with central air conditioning, updated plumbing, and two bathrooms. The space is approximately 2300 square feet in size and has separate utilities so it can be divided into two separate office spaces or storefronts, making it versatile and suitable for a variety of businesses. The commercial space was formerly used as a tattoo shop but closed due to COVID-19, it would be suitable for another tattoo shop, dentist practice, or beauty salon, as it has convenient plumbing accessories and two bathrooms. The second floor of the property features two 2-bedroom, 1-bath apartments that have the potential to bring in additional rental income. One of the apartments (Apt 1) was recently rented, while the other (Apt 2) is currently vacant and requires repairs. These apartments have separate utilities as well. The east side of the building has exposure to the three way intersection making it ideal for advertising space to bring in extra income. The property boasts a large parking lot that can accommodate up to 7 vehicles for tenants. It has been well-maintained and has generated good income with low expenses for many years. This is a perfect opportunity for anyone looking to invest in a property that has the potential to generate a steady income. SOLD AS-IS
Details
| MLS# | 11905155 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1903 |
| Days On Site | 348 |
| Listing Provided By | Baird & Warner | Antonio Salas |
Features
| SQ Feet | 4,400 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | COMMR |
Market Activity 60641
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60641 |
| Area | CHI Irving Park |
| Listing VS Median (in 60641) | |
Price: $620,000 low | high Med: $384,000 SqFt: 4,400 low | high Med: 1,700 $ / SqFt: $141 low | high Med: $226 On Site: 348 low | high Med: 67.000000 | |