$620,000
4121 W Montrose AVE Chicago, IL 60641
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$620,000
Est. payment /mo
4,400 SqFt
Active Under Contract
4121 W Montrose AVE Chicago, IL 60641
UPDATED:
10/09/2024 08:26 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $140
MLS Listing ID 11905155
Year Built 1903
Annual Tax Amount $11,244
Tax Year 2023
Lot Dimensions 53X100
Property 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
Location
State IL
County Cook
Area Chi - Irving Park
Zoning COMMR
Interior
Cooling Partial
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
© 2024 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Antonio Salas • Baird & Warner
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