Contact us: 563.441.1776
Description
This 3-unit property is a fully rented, great income-producing investment opportunity or perfect for a Live/Work owner! Lots of recent updates including the roof replaced 2 years ago, new front windows in the 2-bedroom, and both the 2-bed and coach house have new electrical. The 1600 Sq. Ft. The storefront is currently operating as a catering/restaurant business and is on a long-term, month-to-month rent, so that gives flexibility to the new owner. The second floor has a 2-bedroom, 1-bathroom plus enclosed porch and an outdoor patio and has been recently renovated. The beautifully designed 2-bed unit features an in-unit laundry and a custom kitchen with stainless steel appliances and granite countertops, which are perfect for cooking and entertaining. The apartment boasts hardwood floors throughout, adding a touch of elegance to the space. It also has a private entry and central air and heat. The owner just finished the full gut rehab of the coach house in the back as well. The coach house has 4 bedrooms/2baths, and it's a 3-floor living space; it feels and lives like a single home. Gorgeous brand new kitchen with all the bells and whistles, and two brand new elegant bathrooms, in-unit laundry. With public transportation nearby, commuting is a breeze. Great upside potential.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1913
General Information
County: Cook
Listed By:
Cedar Realty
773-549-7200
MRED MLS
MLS ID: 12703469
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3816 W Montrose Avenue , Chicago, IL 60618.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $875,000 | $875,000 | $875,000 |
| Down Payment | $175,000 | $30,625 | $218,750 |
| Monthly Mortgage Amount | $4,310 | $5,290 | $5,406 |
| Taxes | $1218 | $1218 | $1218 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $525 | $0 |
| Monthly Estimated Total | $5,783 | $7,288 | $6,879 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/15/2026. The listing information on this page last changed on 07/15/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 07/15/2026 12:07:19 AM EST) or MRED MLS (last updated Wed 07/15/2026 12:05:02 AM EST) or SCWMLS (last updated Tue 07/14/2026 11:54:44 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Tue 07/14/2026 10:15:48 PM EST) or Cedar Rapids MLS (last updated Tue 07/14/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Tue 07/14/2026 11:58:41 PM EST) or ICAAR MLS (last updated Tue 07/14/2026 11:37:25 PM EST) or ECIMLS (last updated Tue 07/14/2026 11:44:33 PM EST) or RMLSA (last updated Wed 07/15/2026 12:00:54 AM EST) or Muscatine MLS (last updated Wed 07/15/2026 12:00:10 AM EST) or No Coast MLS (last updated Wed 07/15/2026 12:04:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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