Property Description
3742 W. Montrose is a 9-unit mixed-use asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Albany Park neighborhood. The building features nine total units, consisting of 3 studios, 2 one-bedrooms, 3 two-bedrooms, and one commercial space, providing a balanced and in-demand unit mix. Built in 1919 and offering 6,150 rentable square feet, the property has benefited from recent capital improvements, including a 2023 renovation of the roof, masonry, and windows. Situated near neighborhood amenities and public transit along Montrose Avenue, this building offers stable income with upside potential. B3-1 & Northwest ADU Pilot Zoning.
Price is Subject to Offer - visit our Listing Data Room via URL below to access property rent roll and financials. For any questions regarding the property or the Carlson Northwest Side Portfolio, contact the listing agent.
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Property Details
Property Type
Mixed-Use
Year Built
1919
Year Renovated
2023 (Partial Reno)
Current Cap-Rate
Pro Forma Cap-Rate
Property Highlights
2 Car Garage
Contact listing agent for property highlights