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 9.9. Expenses total $30861. Net income $74859. Cap rate of 7.1%. Newly coated roof with silicone newer boiler heating system and hot water tank.
Property Map
Please use the print button to include maps when printing.
For more information about 5257 W Montrose, Chicago, IL 60634 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Compass
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program
of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are
marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Some IDX listings have been excluded from this website.
