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$399,000

  • For Sale
  • Active
  • Lots/Land
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Exceptional investment opportunity located at the signalized intersection of Montrose and Long in Chicago's vibrant Portage Park neighborhood. This high-visibility corner property offers approximately 62 feet of frontage on Montrose Avenue with a total lot size of 7,000 SF. Zoned B3-1, this site allows for a wide range of commercial and mixed-use development possibilities. Property was a dry cleaner in the past and soil will need to be addressed before anything can be built. Contact agent for more information.

Full Property Details for 5401 W Montrose Ave

General

  • Price: $399,000
  • Taxes: $11,136 (2023)
  • Status: Active
  • Type: Lots/Land
  • Source: MRED
  • MLS ID: 12438115
  • Updated: 12/16/2025
  • Added to Site: 166 day(s) ago

Additional Information

  • Other Features: Commuter Bus, Commuter Train

Location

  • Area: CHI - Portage Park
  • County: Cook
  • Township: Jefferson
  • Driving Directions: Milwaukee west to property on southwest corner of Montrose and Long.

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Utilities

  • Water: Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected

Structural Information

  • Current Bldg. Use: Commercial

Lot Features

  • Lot Size (Sq. Ft.): 7,000
  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 62 x 125
  • Frontage: City Street
  • Frontage Feet: 62
  • Street/Road Desc.: Asphalt, Concrete

Financial Considerations

  • Tax Amount: $11,136
  • Tax Year: 2023

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 13163010180000

Listed by Keller Williams ONEChicago

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— 5401 W Montrose Ave —

  • Keller Williams ONEChicago

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 5401 W Montrose Ave

School District:Chicago Public School District 299
NameGradesDistance
Portage Park Elementary School
5330 West Berteau Avenue, Chicago, IL 60641
PK-80.2 mi
Schurz High School
3601 North Milwaukee Avenue, Chicago, IL 60641
9-121.7 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 5401 W Montrose Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/05/2025
Listed
$399,000
5%
MLS
8/03/2024
Sold
$380,000
—
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 5401 W Montrose Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$4,736
-58%
$22,447
-60%
2022
$11,403
-2%
$55,438
-4%
2021
$11,638
-8%
$57,873
2%
2020
$12,649
11%
$56,783
—
2019
$11,408
2%
$56,783
—
2018
$11,217
-1%
$56,783
8%
2017
$11,278
7%
$52,390
—
2016
$10,493
9%
$52,390
—
2015
$9,600
-6%
$52,390
-5%
2014
$10,188
2%
$54,908
—
2013
$9,986
1%
$54,908
—
2012
$9,853
—
$54,908
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Keller Williams ONEChicago

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5401 W Montrose Avenue, Chicago, IL 60641 (MLS# 12438115) is a Lots/Land property with a lot size of acres. 5401 W Montrose Avenue is currently listed for $399,000 and was received on August 05, 2025. Want to learn more about 5401 W Montrose Avenue? Do you have questions about finding other Lots/Land real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.

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