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. See broker remarks for contact information. Text or email preferred. Do not contact Matthew Mika.
Property Details
Price:
$937,000
MLS #:
MRD12772293
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
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
$14,536
Map
Community
- Address5259 W Montrose Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60634
Market Summary
Current real estate data for Commercial in Chicago as of Oct 06, 2026
885
Commercial Listed
185
Avg DOM
$1,020,876
Avg List Price
Property Summary
- 5259 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.
5259 W Montrose Avenue
Chicago, IL


