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.
Property Details
Price:
$849,900
MLS #:
MRD12703091
Status:
Active Under Contract
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
chialbanypark
Listed Date:
Jul 13, 2026
Year Built:
1915
See this Listing
Schools
Interior
Cooling
Central Individual
Exterior
Construction Materials
Brick
Stories
2
Financial
Tax Year
2024
Taxes
$12,693
Map
Community
- Address3116 W Montrose Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60618
Market Summary
Current real estate data for Commercial in Chicago as of Oct 04, 2026
908
Commercial Listed
185
Avg DOM
$1,019,529
Avg List Price
Property Summary
- 3116 W Montrose Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60618. It is listed for $849,900
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Copyright 2026. All rights reserved.
3116 W Montrose Avenue
Chicago, IL


