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3217 Montrose
Chicago IL 60618 US

$975,000

Active Listing ID 11736265
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Lot: 0.12 Acres
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$975,000

Active Listing ID 11736265
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3217 Montrose ±4, 000 SF ground-floor retail condominium at 3217-3229 W Montrose Avenue, located in Chicago's Albany Park neighborhood. This fully leased retail condo comprises six individual storefronts within a mixed-use building and is occupied by a diverse mix of local service, food, and professional tenants. Several tenants operate under month-to-month or short-term leases, providing a flexible structure for investors to immediately capitalize on rising market rents or strategically re-tenant as leases roll. Current rents average approximately $20/SF, while nearby market rates are approaching $28/SF, creating a clear value-add opportunity. Positioned along Montrose Avenue-a high-traffic retail corridor with over 21, 000 vehicles per day-the property benefits from strong visibility, a dense surrounding residential population, and proximity to CTA bus routes and the Brown Line. Retail vacancy in the surrounding submarket is just 3.1%, highlighting the sustained demand for small-format neighborhood retail in this area. Highlights: ±4, 000 SF ground-floor retail condo in mixed-use building Six fully leased storefronts with service, food, and professional tenants Flexible leases: MTM and short-term structure allows near-term repositioning Current rents ~$20/SF with market rents trending toward ~$28/SF MG Montrose Ave frontage with 21, 000+ vehicles/day and strong foot traffic Albany Park location with excellent CTA and Brown Line access Low retail vacancy in the submarket: 3.1% Ideal for investors seeking stabilized income with clear upside

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Property Features

  • Facts
  • Lot Size: 0.12 Acres
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Central Air
  • Floor Covering: Carpet, Laminate, Tile
  • Roof Type: Rubber
  • Heating Fuels: Forced Air, Natural Gas

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 975000
  • unparsedaddress: 3217 Montrose
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60618
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.12
  • lotsizeunits: Acres
  • lotsizearea: 0.12
  • livingarea: 4000
  • livingareaunits: Square Feet
  • latitude: 41.961146
  • longitude: -87.70916
  • listagentfullname: Randolph Taylor
  • listagentemail: rtaylor@creconsult.net
  • listagentkey: 3yd-NYSMLS-172807
  • listagentmlsid: 172807
  • listagentpreferredphone: 6304746441
  • listagentofficephone: 6304746441
  • listofficekey: 3yd-NYSMLS-28136
  • listofficemlsid: 28136
  • disclaimer: Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NYSMLS
  • yearbuilt: 1920
  • yearbuilteffective: 1920
  • listingcontractdate: 2025-05-15
  • cooling: Central Air
  • constructionmaterials: Brick
  • flooring: Carpet, Laminate, Tile
  • heating: Forced Air, Natural Gas
  • numberofunitstotal: 0
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Garage
  • roof: Rubber
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -87.70916, 41.961147
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"eXp Commercial", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"rtaylor@creconsult.net", "ListBrokerageCity":"Naperville", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"eXp Commercial", "ListBrokeragePhone":"630-474-6441", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"50 South Main St", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"50 South Main St", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Naperville", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"60540", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"Commercial Building, Mid-rise - Chicago, IL", "ListingURL":"https://listings.listhub.net/pages/NYSMLS/11736265/?channel=rexren", "MLSModificationTimestamp":"2026-04-28T18:58:32Z", "Neighborhoods":[{"Description":null, "Name":"Irving Park"}], "PostalCode":null, "RawPropertySubType":"Commercial Building", "RawPropertyType":"Commercial Building", "RoomCount":0, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":17848, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/29/2026 12:04:34 AM GMT
Source Updated Date: 5/10/2026 12:36:50 PM GMT

Courtesy of: Randolph Taylor, eXp Commercial, rtaylor@creconsult.net

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.