4121 West Montrose AvenueChicago, IL 60641Price: $749,000

  • Price: $749,000
  • 117 Days on Market
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Federal 30-year interest rate: 6.09% last updated on Feb 2, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 4,400Square Feet
  • 1903Year Built

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This residential/commercial building is a great investment opportunity. Comprising of one building on two lots, 4119-4121, it offers a total of 4400 square feet of space. The property has recently undergone renovations, including a new roof in 2013, tuckpointing in 2012, and updates to Apt 1. The ground floor of the property features a commercial space with central air conditioning, updated plumbing, and two bathrooms. The space is approximately 2200 square feet in size and has separate utilities so it can be divided into two separate office spaces or storefronts, making it versatile and suitable for a variety of businesses. The commercial space was formerly used as a tattoo shop but closed due to COVID-19, it would be suitable for another tattoo shop, dentist practice, or beauty salon, as it has convenient plumbing access and two bathrooms. The second floor of the property features two 2-bedroom, 1-bath apartments that have the potential to bring in additional rental income. One of the apartments (Apt 1) was recently vacated, while the other (Apt 2) is currently vacant and requires repairs. These apartments have separate utilities as well. The property boasts a large parking lot that can accommodate up to 7 vehicles, making it convenient for tenants. It has been well-maintained and has generated a good income with low expenses for many years. This property is a perfect opportunity for anyone looking to invest in a property that has the potential to generate a steady income. SOLD AS-IS

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Listed by Antonio Salas of Baird & Warner

Based on information submitted to MRED  as of February 6, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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