Chicago, IL 60618 3816 W MONTROSE Avenue
$895,000



41 more










































Presented By: Cedar Realty
Home Details
This 3-unit property is a great investment opportunity or perfect for a Live/Work owner! The roof has been replaced 2 years ago and both 2-bed and coach house have new electrical. The 1600 Sq. Ft. 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. The estimated market rent for the couch house is $3600, and that number is used to calculate the GRI income. With public transportation nearby, commuting is a breeze. Great upside potential
Presented By: Cedar Realty
General for 3816 W MONTROSE Avenue
Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
DirectionsBETWEEN AVERS AND HAMLIN E OF PULASKI
ElectricCircuit Breakers, Separate Meters, Service - 101 to 200 Amps
Electric Expense425
Fuel Expense
Gross Income7295
Insurance Expense2500
Lease TypeN/A
Lot Size Square Feet3131
MLS AreaCHI - Albany Park
ModificationTimestamp2025-07-17T05:06:04.651Z
Net Operating Income83990
Number Of Units Total3
Operating Expense3550
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount13060.78
Tax Year2023
Tenant PaysElectricity, Heat
TownshipJefferson
Trash Expense0
Water Sewer Expense625
Year Built1913
Exterior for 3816 W MONTROSE Avenue
Building Area Total4250
Frontage TypePublic Road
Lot Dimensions27X118
Additional Details
Price History
