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$849,900

  • For Sale
  • Active
  • Commercial
  • Updated 3 days ago
See This Home
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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.

Full Property Details for 3116 W Montrose Ave

General

  • Price: $849,900
  • Taxes: $12,693 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12703091
  • Updated: 7/19/2026
  • Added to Site: 10 day(s) ago

Additional Information

  • Security/Safety: Other

Location

  • Area: CHI - Albany Park
  • County: Cook
  • Driving Directions: East or West on Montrose to address.
  • Location Details: Chicago North

Heating & Cooling

  • Cooling Type: Central Individual
  • Heating Type: Hot Water

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Stories/Levels: 2
  • # of Stores: 1
  • Year Built: 1915
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 2
  • Units w/Range/Oven: 2
  • # Dryers: 2

Lot Features

  • Lot Size (Sq. Ft.): 3,125
  • Lot Dimensions: 25 x 125
  • Drainage: Drain Tiles
  • Zoning: COMMR

Financial Considerations

  • Security Deposit: Other
  • Assessment Year: 1915
  • Tax Amount: $12,693.47
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 13131260310000

Listed by @properties Christie's International Real Estate

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— 3116 W Montrose Ave —

  • @properties Christie's International Real Estate

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NMLS#: 1598647

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Schools serving 3116 W Montrose Ave

School District:Chicago Public School District 299
NameGradesDistance
Bateman Elementary School
4220 North Richmond Street, Chicago, IL 60618
K-80.3 mi
Roosevelt High School, Chicago, IL
3436 West Wilson Avenue, Chicago, IL 60625
9-120.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3116 W Montrose Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/13/2026
Listed
$849,900
129.7%
MLS
6/03/2025
Sold
$370,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3116 W Montrose Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,915
—
$60,001
22%
2023
$10,915
3%
$49,040
—
2022
$10,633
-14%
$49,040
-16%
2021
$12,324
39%
$58,216
54%
2020
$8,852
67%
$37,706
-11%
2019
$5,302
2%
$42,367
—
2018
$5,222
-7%
$42,367
21%
2017
$5,595
-25%
$35,026
—
2016
$7,423
29%
$35,026
-4%
2015
$5,747
—
$36,418
7%
2014
$5,729
-14%
$34,172
—
2013
$6,624
890%
$34,172
—
2012
$669
—
$34,172
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3116 W Montrose Avenue, Chicago, IL 60618 (MLS# 12703091) is a Commercial property. 3116 W Montrose Avenue is currently listed for $849,900 and was received on July 13, 2026. Want to learn more about 3116 W Montrose Avenue? Do you have questions about finding other Commercial real estate for sale in Albany Park? You can browse all Albany Park real estate or contact a Coldwell Banker agent to request more information.

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