3816 West Montrose Avenue, Chicago, IL

$895,000

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About 3816 West Montrose Avenue

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

Features of 3816 West Montrose Avenue

MLS® # 12417867
Price $895,000
Bathrooms 0.00
Acres 0.00
Year Built 1913
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 3816 West Montrose Avenue
Area CHI - Albany Park
City Chicago
County Cook
State IL
Zip Code 60618

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
Has Basement No

Exterior

Exterior Brick

Additional Information

Days on Market 97
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCedar Realty
Contact Info773-549-7200

Listing Map

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