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5913 W Montrose Avenue, Chicago, IL 60634
$489,000 -$10,000 (-2%) Price Reduced
5913 W Montrose Avenue, Chicago, IL 60634View this property at 5913 W Montrose Avenue, Chicago, IL 60634
5913 W Montrose AvenueChicagoIL60634
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Property Description
Rarely available opportunity to acquire a prime mixed-use property along high-visibility Montrose Ave. Perfect retail/office business in busy location with spacious rental unit on the second level. First floor holds a versatile 6-room/1.5-bathroom office space, currently utilized as a physical therapy office. Featuring a reception area, private office, full and half-bath, plus a utility room equipped with two furnaces for HVAC, a water heater, laundry facilities, and ample storage. Access to the second level is available via both exterior and interior entry points. Second level holds a 3 bedroom/1 bathroom residential unit with bright living room + front balcony, kitchen, and dining area. Back deck leads to large backyard with 2 car garage. The property is B3-2 zoning which allows for more types of businesses than B1 and B2 districts. Maximum street visibility and foot traffic makes this the ideal investment opportunity for owner-occupants or business users seeking solid apartment rental income to offset expenses. ****The information about zoning comes from the city zoning map and broker makes no representation as to the actual zoning and buildability**** Buyer to confirm zoning and buildability****
Full Property Details
Full Property Details for 5913 W Montrose Ave
General
- Price: $489,000
- Taxes: $6,493 (2022)
- Status: Active
- Type: Commercial
- MLS ID: 12035514
- Updated: 5/15/2024
- Added to Site: 15 day(s) ago
Additional Information
- Security/Safety: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: CHI - Portage Park
- County: Cook
- Township: Jefferson
- Driving Directions: Central to Montrose, West to 5913
- Location Details: Chicago Northwest
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Utilities
- Onsite: Electricity to Site, Gas to Site, Sanitary Sewer, Municipal Water
Structural Information
- Stories/Levels: 2
- Year Built: 1965
- Built Before 1978: Yes
Unit Information
- # Dryers: 1
Lot Features
- Lot Size (Sq. Ft.): 3,125
- Lot Dimensions: 25 x 125
- Zoning: COMMR
Financial Considerations
- Lease Price: $1
- Insurance Fee: $2,227
- Security Deposit: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1965
- Tax Amount: $6,493.16
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat, Other
- Pays Electric: 1377
Disclosures and Reports
- Property ID: 13174010050000
Listed by Berkshire Hathaway HomeServices Chicago
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Schools
Schools serving 5913 W Montrose Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
4310 N Melvina Ave, Chicago, IL 60634 | PK-8 | 0.4 mi | |
6530 W Bryn Mawr Ave, Chicago, IL 60631 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5913 W Montrose Ave
Date
Details
Price
Change
Source
5/15/2024
Price Reduced
$489,000
-2%
MLS
4/30/2024
Listed
$499,000
—
MLS
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 5913 W Montrose Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$6,493
-5%
$31,569
-7%
2021
$6,802
46%
$33,826
62%
2020
$4,655
-4%
$20,894
-13%
2019
$4,825
2%
$24,017
—
2018
$4,744
-21%
$24,017
-14%
2017
$6,026
7%
$27,991
—
2016
$5,606
9%
$27,991
—
2015
$5,129
6%
$27,991
7%
2014
$4,839
2%
$26,079
—
2013
$4,743
1%
$26,079
—
2012
$4,680
—
$26,079
—
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 5913 W Montrose Ave
5913 W Montrose Avenue, Chicago, IL 60634 (MLS# 12035514) is a Commercial property. 5913 W Montrose Avenue is currently listed for $489,000 and was received on April 30, 2024. Want to learn more about 5913 W Montrose Avenue? Do you have questions about finding other Commercial 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.