MLS#12745388
STATUSNew
PROPERTY TYPECommercial - Retail
Property Description
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 9.3. Expenses total $30182. Net income $75538. Cap rate of 7.6%. 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 Features
Property Type: Commercial - Retail
Cooling: None
Lot Size: 0.12 Acres
Roof Type: Reflective Coating, Tar/Gravel
Stories: 2.0
Taxes: $14,536
Year Built: 1923
Feature Descriptions
Drains: Patio
Electric: Circuit Breakers
Exterior: Brick
Fire Protection: Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Foundation: Concrete Perimeter
Frontage Type: City Street
HVAC: Gas, Steam
Location: Central Business District, Corner
Lot Dimensions: 43 X 125
Miscellaneous Indoor: Storage Inside
Miscellaneous Outdoor: Patio
Parcel#: 13163030010000
Potential Use: Commercial, Retail
Tenant Pays: Electricity, Heat, Other
Units: 6
Utilities: Electric to Site, Natural Gas Available
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 312-319-1168
Shown By
Agency Title: Berkshire Hathaway HomeServices Crosby Starck Real Estate
Agency Phone: 815-397-4040
© 2026 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered marks of HomeServices of America, Inc. ®
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5259 W Montrose Avenue | MLS# 12745388
This commercial property located at 5259 W Montrose Avenue , Chicago, IL 60634 is currently listed for sale with an asking price of $985,000. Search Chicago real estate on www.bhhscrosby.com today.