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3816 W Montrose Avenue

Chicago, IL 60618
  • $895,000
  • STATUS: Active
  • ON SITE: 187 Days
  • MLS #: 12417867
UPDATED: 19 min ago
$895,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1913
County:
Area:

School Ratings & Info

Description

This 3-unit property is a fully rented, great income-producing investment opportunity or perfect for a Live/Work owner! The roof was replaced 2 years ago, and both the 2-bed and coach house have new electrical. The 1600 Sq. Ft. The storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated, and it's currently rented out. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. With public transportation nearby, commuting is a breeze. Great upside potential

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2026-01-15T05:48:58.72 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3816 W Montrose Avenue Chicago, IL 60618

  • Price: $895,000
  • Status: Active
  • On Site: 187 Days
  • Updated: 19 min ago
  • MLS #: 12417867
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1913
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
This 3-unit property is a fully rented, great income-producing investment opportunity or perfect for a Live/Work owner! The roof was replaced 2 years ago, and both the 2-bed and coach house have new electrical. The 1600 Sq. Ft. The storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated, and it's currently rented out. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. With public transportation nearby, commuting is a breeze. Great upside potential
Exterior Features

Frontage Type Public Road

Interior Features

Cooling Central Air Heat Ventilation Central Bldg HeatForced AirGas Number Of Dishwashers 2 Number Of Dryers 2 Number Of Ranges 3 Number Of Washers 2

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 4250 Built Before1978 YN Yes Current Use Condominium Electric Circuit BreakersSeparate MetersService - 101 to 200 Amps Fire Protection Alarm MonitoredSmoke or Fire ProtectorsCarbon Monoxide Detector(s) Geographic Locale Chicago Northwest Gross Income 7295 Gross Scheduled Income 87540 Insurance Expense 2500 Mls Actual Status Active Net Operating Income 83990 Number Of Tenants 2 Operating Expense 3550 Ownership Types IndividualLand Trust Property Sub Type Mixed Use Rental Price 22.06 Tax Annual Amount 13060.78 Tax Year 2023 Tenant Pays ElectricityHeat Total Monthly Income 7295 Township Jefferson Type Mixed Use

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Cedar Realty: 773-549-7200.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ani Real Estate. Based on information submitted to the MRED as of 2026-01-15T05:48:58.72 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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