2444 W Montrose Ave - Storefront Retail/Residential FOR SALE


Chicago, IL 60618
$995,000 USD
773-750-7841
2444 W Montrose Ave, Chicago, IL for Sale
$995,000 USD
Storefront Retail/Residential - FOR SALE
1/76
null | Request Cap Rate

2444 W Montrose Ave
Chicago, IL 60618


OVERVIEW

Flexible mixed use building in a booming section of Lincoln Square. Perfect for realizing an artistic dream or as the home for a business endeavor with the flexibility to live above your business in the newly remodeled 2nd floor condo. This gem of the community hosts a first floor that is currently used as a creative rental space & production hub utilized for private events, meetings, photo shoots, audio recordings, video production and more. Client list for space rental clients is available as part of the purchase. The large second floor condo features a 2 bedroom, 1 Bath, den, + Office and 2 separate living rooms with an updated retro vibe. The condo could be utilized as the business owner's home, rented out, or utilized as office space. Potential to convert the 1st floor to additional living space. Most of the condo furnishings are included in the sale as well as the Hot Tub. Exposed brick and hardwood floors open to a functional kitchen and a beautiful patio out back, with a new 2 car garage built to host events as easily as it stores cars and provides storage. Extensive updates and improvements have been made starting with the 1st floor renovation in 2017 and include: Storefront: New hardwood floors, Addition of a first floor Kitchen, Exposed Brick, New HVAC, new support posts and footers in basement, and plumbing throughout. Condo: Updated Kitchen, Bath, Electric, Roof, floors, and much more. New plumbing installed in 2023 and 2024 and new appliances upstairs in 2022. A turnkey building in a great location with two profitable businesses but enough flexibility to accommodate a new dream. Owner expanding business and moving to new location.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$452 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,293 SF

ZONING

B3-2

APN/PARCEL ID

13-13-233-031-0000

ASK ABOUT THIS PROPERTY

Tomlinson FortCity and Field Real EstateMore Info
773-750-7841

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Tomlinson FortCity and Field Real EstateMore Info
773-750-7841

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.