3116 W Montrose Avenue Chicago, IL ^$ 849,900

3116 W Montrose Avenue

^$ 849,900

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3116 W Montrose Avenue

Chicago, IL, 60618

^$ 849,900

Bedrooms-- Baths--

Monthly Estimate*

^$ 5,366

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Commercial Property for sale in Chicago, IL

for $849,900. This building was built in 1915 on a lot size of 0.07174.

Gorgeous, Turnkey, Fully Leased 3 unit on Chicago's North Side, located steps from the Ravenswood Manor/Albany Park border. This property was gut rehabbed and completely re-imagined including a new brick and limestone facade and is currently bringing in $8,650 Monthly. Unit 2 is a 1,250 SF 3 bed/3 bath occupying the entire second level with it's own entrance and is leased for $3,650 a month through spring of 2027. Unit 1R is an 800 SF 2 bed 2 bath also with it's own entrance and leased through spring of 2027 for $2,500 a month. Unit 1F is a 500 SF Commercial space with stairs down to an unfinished basement. The developer is willing to sign a 2 year lease for $2,500 a month, but can also deliver this space vacant. There is a parking pad in the back for 3 cars. This property is just getting it's final details completed, but is ready to show.

Commercial Active

Price

^$ 849,900

Property Type

Commercial

Taxes

^$ 12,693

Style

Lot Size

0.07174

Year Built

1915

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12703091

Features

General

Cooling Central Individual

Possession Closing

Zoning COMMR

Construction Materials Brick

Year Built 1915

Electric Circuit Breakers

Stories Count 2

Property Subtype Mixed Use

Tax Year 2024

Gross Income 103800

County Cook

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status New

Directions East or West on Montrose to address.

City Chicago

Number Of Units Total 3

MLS Area CHI - Albany Park

Lot Size Square Feet 3125

Tax Annual Amount 12693.47

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Total Actual Rent 8650

Exterior

Lot Dimensions 25 X 125

* Excluded Features

List By

@Properties Christie's International Real Estate

Broker

robsikkel@atproperties.com

Affordability Calculator

$6,424

Per Month

Monthly Principal & Interest: $5,366
Monthly Property Taxes: $1,058
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$956,335

Percent of Sale Price 13%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/13/2026	$849,900		Listed Price

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3116 W Montrose Avenue, Chicago, IL, 60618 is a Commercial Property for sale at $849,900 with a lot size of 0.07174. 3116 W Montrose Avenue was built in 1915. The property's zip code is 60618 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 7/14/2026.

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3116 W Montrose Avenue

Commercial Property for sale in Chicago, IL

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