Properties

Features
: None
: Electric to Site , Natural Gas Available
Address Map
US
IL
Cook
Chicago
60634
Montrose
5259
Avenue
W88° 14' 25.3''
N41° 57' 37.4''
MONTROSE WEST OF LARAMIW ON THE CORNER OF MONTROSE AND LOCKWOOD
CHI - Portage Park
CHI - Portage Park
W
W
MULTI
Additional Information
: Brick
Circuit Breakers
Circuit Breakers
: Concrete Perimeter
43 X 125
6
6
Commercial,Retail
985000
2
Compass
Matthew Mika
Financial
14536
Listing Information
Norbert Mika
87291
Compass
153079
87291
MRED
Listing Information
103409
87291
Compass
Price Change
2026-09-25T06:07:03Z
2026-09-25T06:06:59Z
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 9.3. 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. See broker remarks for contact information. Text or email preferred. Do not contact Matthew Mika.

Commercial Sale For Sale

5259 W Montrose Avenue, Chicago, Illinois 60634

$937,000
Listing ID#12745388
QR Code
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12745388
Price : $937,000
Year Built : 1923
Listing Status : Active
Property Sub Type : Mixed Use
Roof
Roof : Reflective Coating, Tar/Gravel
Contact Agent