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$900,000
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Property Description
Mixed-use investment opportunity in Albany Park. Masonry brick 9-unit building consisting of eight residential apartment units and one street-level retail unit. The property is zoned B3-1 and is located within the Northwest ADU Pilot Zone. Building features include electric space heaters, building-owned common-area laundry, a 200-amp electrical service with panels located in the basement, owner-paid electric and water, tenant-paid gas, and a 2-car garage. Recent capital improvements include roof, masonry, and window renovations completed in 2023. Built in 1919 and situated on Montrose Avenue. Sold as-is.
Full Property Details
Full Property Details for 3742 W Montrose Ave
General
- Price: $900,000
- Taxes: $12,700 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12557997
- Updated: 2/20/2026
- Added to Site: 18 day(s) ago
Location
- Area: CHI - Albany Park
- County: Cook
- Township: North Chicago
- Driving Directions: Montrose east or west to address.
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric
Utilities
- Trash: 902
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 3
- Square Feet: 5,700
- # of Stores: 1
- Year Built: 1919
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
- Zoning: COMMR
Financial Considerations
- Lease Price: $2
- Insurance Fee: $5,752
- Operating Expenses: $42,428
- Other Fee: $16,060
- Assessment Year: 1919
- Tax Amount: $12,700
- Tax Year: 2024
- Tenant Pays: Heat
- Pays Electric: 788
- Pays Trash: 902
Disclosures and Reports
- Property ID: 13141260230000
Listed by Triton Realty Group LLC
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Schools
Schools serving 3742 W Montrose Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Haugan Elementary School 4540 North Hamlin Avenue, Chicago, IL 60625 | PK-6 | 0.2 mi |
Marshall Middle School, Chicago, IL 3900 Lawndale Avenue, Chicago, IL 60618 | 7-8 | 0.6 mi |
Roosevelt High School, Chicago, IL 3436 West Wilson Avenue, Chicago, IL 60625 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3742 W Montrose Ave
Date
Details
Price
Change
Source
2/03/2026
Listed
$900,000
50%
MLS
10/28/2013
Sold
$600,000
—
Public Record
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
Tax History for 3742 W Montrose Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$12,916
3%
$61,000
—
2022
$12,591
2%
$61,000
—
2021
$12,307
48%
$61,000
64%
2020
$8,294
-4%
$37,103
-13%
2019
$8,597
2%
$42,648
—
2018
$8,452
-29%
$42,648
-23%
2017
$11,898
7%
$55,086
—
2016
$11,070
9%
$55,086
—
2015
$10,130
53%
$55,086
55%
2014
$6,631
2%
$35,610
—
2013
$6,500
2%
$35,610
—
2012
$6,390
—
$35,610
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3742 W Montrose Ave
3742 W Montrose Avenue, Chicago, IL 60618 (MLS# 12557997) is a Commercial property. 3742 W Montrose Avenue is currently listed for $900,000 and was received on February 03, 2026. Want to learn more about 3742 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.

