5245 W Montrose Avenue

Chicago, Illinois 60641
Closed / MLS #11995736 / Multiple Unit (2-4) / Portage Park
Listing information updated 3/27/2024 at 10:03am
Sitting at the intersection of Jefferson Park and Portage Park, this classic Chicago 3-unit brick building with 4th garden unit apartment sits on an extra-wide lot and is in an exceptional location just 5 blocks from the Montrose Blue Line and Mayfair Metra Line as well as offering easy access to the expressway, downtown Chicago and the airport. It's also just 5 blocks from Portage Park itself, the largest park on Chicago's northwest side with bike path, nature walk, tennis courts, two playgrounds, baseball and soccer fields, an Olympic sized pool and fieldhouse. This superb location makes it easy to find tenants. All four of the apartments are spacious, have great natural light, separate utilities including their own gas forced-air heating systems and hot water heaters and are currently rented out. Rents are below market value, leaving room for increased revenue, especially with further cosmetic updates. All tenants have access to a shared relaxing patio area as well. There is also an oversized 2-car brick garage with workshop which brings in additional income. Building updates include a new copper water main line, a water pressure booster pump and new copper supply lines throughout the building, new 200 AMP electrical service, 2 new furnaces (2021), 3 high efficiency hot water heaters- 2 new in (2018), renovated bathrooms in first and second floor, new windows in sunroom and bedrooms of 1st floor apartment and new roof on garage and sunroom just to mention a few. Garden apartment has its own front and back entrances. It could also easily be combined with the 1st floor apartment to create a 4BR, 2BTH duplex down unit if so desired. Coin laundry room in the basement provides additional income. This building is in an A+ location, close to the Six Corners shopping district and would make an excellent owner occupied property or purely income producing property for the investor's real estate portfolio in a fantastic, fast-appreciating neighborhood.

Full Features

Architecture Style:
Exterior Type:
Partially Finished
Beds Above Grade:
Heating System:
Natural Gas, Forced Air
100+ Years
Parking Type:
Garage Door Opener(s),7 Foot or more high garage door
Room Count:
Water Front:
Square Feet:
Lot Size:
Oversized Chicago Lot

Taxes & Assessments

Tax Amount:
Tax Year:


Zip Code:


School District(s):
Elementary School:
Portage Park Elementary School
Middle School:
Portage Park Elementary School
High School:
Schurz High School

Listing Office: Baird & Warner

Listing Office Phone: 773.697.5555

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 3/27/2024 at 10:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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5245 W Montrose Avenue is a multiple unit (2-4) which sold for $755,000. 5245 W Montrose Avenue features 8 Beds, 3 Baths. This multiple unit (2-4) has been listed on @properties since March 4th, 2024 and was built in 1920. Nearby schools include Portage Park Elementary School and Schurz High School. The nearest transit stops include Jefferson Park CTA Blue line and Mayfair Metra Metra Milwaukee District North line.