Contact us: 563.441.1776
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 9.32. 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 Text or email preferred. Do not contact Matthew Mika. See broker remarks for contact information.
Property Highlights
Property Type: Multi Unit - Retail
General Information
County: Cook
Listed By:
Compass
312-319-1168
MRED MLS
MLS ID: 12745373
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5257 W Montrose Avenue, Chicago, IL 60634.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $985,000 | $985,000 | $985,000 |
| Down Payment | $197,000 | $34,475 | $246,250 |
| Monthly Mortgage Amount | $4,981 | $6,034 | $6,184 |
| Taxes | $1371 | $1371 | $1371 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $591 | $0 |
| Monthly Estimated Total | $6,639 | $8,283 | $7,842 |
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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 09/08/2026. The listing information on this page last changed on 09/08/2026. 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 Tue 09/08/2026 12:00:17 AM EST) or MRED MLS (last updated Mon 09/07/2026 11:57:56 PM EST) or SCWMLS (last updated Mon 09/07/2026 11:54:50 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Mon 09/07/2026 10:15:19 PM EST) or Cedar Rapids MLS (last updated Mon 09/07/2026 10:44:18 PM EST) or NEIRBR MLS (last updated Mon 09/07/2026 11:58:40 PM EST) or ICAAR MLS (last updated Mon 09/07/2026 8:32:18 AM EST) or ECIMLS (last updated Mon 09/07/2026 11:44:32 PM EST) or RMLSA (last updated Mon 09/07/2026 11:50:56 PM EST) or Muscatine MLS (last updated Mon 09/07/2026 11:45:12 PM EST) or No Coast MLS (last updated Mon 09/07/2026 11:54:18 PM 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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