Heart of Portage Park area. Park is literally 2 blocks south of the property. Building consists of 2 stores and 4 apartments plus a 3-car detached garage. All apartments have updated kitchens and baths. Stores are a beauty shop on the corner about 1200 square feet leased till May 2028 at $1450. per month. Store to the east about 1100 square feet is an art studio leased till September 2027 at $1125. per month. Both stores are under rented. Stores were at one time combined and served as a large grocery store and can easily be done again. Apartments in front are 5 room 2 bedroom depending on use can be 3 bedroom. rented at $1540. and $1850. Two apartments in the rear are 4 room one bedroom leased for $1105. and $1140. 3 car garage and part of basement are rented to a contractor for $600. per month. Total income $8810 per month or $105720 yearly. Gross multiplier 8.86. Expenses total $30182. Net income $75538. Cap rate of 8%. Newly coated roof with silicone newer boiler heating system and hot water tank. Any questions, concerns or comments regarding this listing please contact: Norbert Mika Text or email preferred. Do not contact Matthew Mika. See broker remarks for contact information.
Property Details
Price:
$937,000
MLS #:
MRD12772286
Status:
Active
Beds:
6
Baths:
6
Type:
Commercial
Neighborhood:
chiportagepark
Listed Date:
Sep 29, 2026
Year Built:
1923
See this Listing
Schools
Interior
Cooling
None
Exterior
Construction Materials
Brick
Roof
Reflective Coating, Tar/Gravel
Stories
2
Financial
Tax Year
2025
Taxes
$14,063
Map
Community
- Address5257 W Montrose Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60634
Market Summary
Current real estate data for Commercial in Chicago as of Oct 07, 2026
890
Commercial Listed
184
Avg DOM
$1,020,749
Avg List Price
Property Summary
- 5257 W Montrose Avenue Chicago IL is a Commercial for sale in Chicago, IL, 60634. It is listed for $937,000
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Copyright 2026. All rights reserved.
5257 W Montrose Avenue
Chicago, IL


