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$895,000
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Property Description
This 3-unit property is a fully rented, great income-producing investment opportunity or perfect for a Live/Work owner! The roof was replaced 2 years ago, and both the 2-bed and coach house have new electrical. The 1600 Sq. Ft. The 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. With public transportation nearby, commuting is a breeze. Great upside potential
Full Property Details
Full Property Details for 3816 W Montrose Ave
General
- Price: $895,000
- Taxes: $13,060 (2023)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12417867
- Updated: 11/24/2025
- Added to Site: 190 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: CHI - Albany Park
- County: Cook
- Township: Jefferson
- Driving Directions: BETWEEN AVERS AND HAMLIN E OF PULASKI
- Location Details: Chicago Northwest
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Central Building Heat, Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 4,250
- Current Bldg. Use: Condominium
- # of Stores: 1
- Year Built: 1913
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
- # Dryers: 2
Lot Features
- Lot Size (Sq. Ft.): 3,131
- Lot Dimensions: 27 x 118
- Frontage: Public Road
Financial Considerations
- Lease Price: $22
- Insurance Fee: $2,500
- Operating Expenses: $3,550
- Security Deposit: Alarm Monitored, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1913
- Tax Amount: $13,060.78
- Tax Year: 2023
- Tenant Pays: Electricity, Heat
- Pays Electric: 425
Disclosures and Reports
- Property ID: 13141240330000
Listed by Cedar Realty
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Schools
Schools serving 3816 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 |
Roosevelt High School, Chicago, IL 3436 West Wilson Avenue, Chicago, IL 60625 | 9-12 | 0.6 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 3816 W Montrose Ave
Date
Details
Price
Change
Source
7/11/2025
Listed
$895,000
132.47%
MLS
11/11/2005
Sold
$385,000
—
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 3816 W Montrose Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$13,061
3%
$61,682
—
2022
$12,732
2%
$61,682
—
2021
$12,444
76%
$61,682
95%
2020
$7,067
-3%
$31,615
-13%
2019
$7,287
2%
$36,148
—
2018
$7,164
-8%
$36,148
—
2017
$7,802
7%
$36,122
—
2016
$7,259
9%
$36,122
—
2015
$6,642
-17%
$36,122
-16%
2014
$7,979
2%
$42,845
—
2013
$7,821
2%
$42,845
—
2012
$7,688
—
$42,845
—
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 3816 W Montrose Ave
3816 W Montrose Avenue, Chicago, IL 60618 (MLS# 12417867) is a Commercial property. 3816 W Montrose Avenue is currently listed for $895,000 and was received on July 11, 2025. Want to learn more about 3816 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.

