Chicago Street Retail – 100% Leased with Rent Upside

For Sale

3217-3229 West Montrose Avenue, Chicago, IL 60618

This Chicago property for sale is located at 3217-3229 West Montrose Avenue. The current listed sale price for Chicago Street Retail – 100% Leased with Rent Upside is $995,000. Chicago Street Retail – 100% Leased with Rent Upside is situated on a lot that is 0.12 acre in size.

Contacts

broker
Randolph Taylor, CCIM

eXp Commercial

Property Details

  • Property Type Retail - Street Retail
  • Property Size 4,000 SF
  • Units 6
  • Lot Size 0.12 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1920
  • Date Updated May 15, 2025
Located in Chicago’s Albany Park neighborhood along the high-visibility Montrose Avenue corridor. Surrounded by dense residential housing and steps from public transit.eXp Commercial is pleased to present the ±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.
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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

Getting around

  • 94/100

    Walk Score ®

  • 58/100

    Transit Score ®

  • 74/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Chicago, IL
  • Neighborhood Irving Park
  • Zip Code 60618
  • Market Chicago

Points of Interest

  • Irving Park

    1.18 miles

  • Belmont

    1.53 miles

  • Damen

    1.58 miles

  • Montrose

    1.74 miles

  • Addison

    2.01 miles

  • Logan Square

    2.09 miles

  • Paulina

    2.27 miles

  • Southport

    2.63 miles

  • Forest Glen

    2.68 miles

  • California

    2.77 miles

  • BP

    0.02 miles

  • Shell

    0.69 miles

  • Mobil

    0.74 miles

  • Citgo

    1.00 miles

  • eVgo

    1.60 miles

  • ChargePoint

    2.58 miles

  • Tesla Destination Charger

    2.59 miles

  • Volta Charging Station

    3.35 miles

  • Tesla Supercharger

    3.69 miles

  • Blink

    3.93 miles

  • Kimball Park & Ride

    0.52 miles

  • Horner Park Parking

    0.59 miles

  • Resident Student Parking

    0.78 miles

  • Commuter Parking

    0.91 miles

  • Faculty & Staff Parking

    0.98 miles

  • Kale My Name

    0.10 miles

  • Brasa Roja

    0.12 miles

  • McDonald's

    0.21 miles

  • Ixcateco Grill

    0.23 miles

  • Subway

    0.23 miles

  • Golden Crust Pizzeria

    0.30 miles

  • Salam

    0.32 miles

  • El Alebrije

    0.34 miles

  • Maman Zari

    0.34 miles

  • Noon O Kabab

    0.41 miles

  • Cermak Fresh Market

    0.17 miles

  • Montrose Supermarket & Taqueria

    0.29 miles

  • Lindo Michoacán

    0.52 miles

  • Sahar International Market

    0.62 miles

  • Chicago Produce

    0.64 miles

  • Dollar City

    0.68 miles

  • Tony's Fresh Market

    0.75 miles

  • HarvesTime Foods

    0.88 miles

  • ALDI

    0.99 miles

  • The Sweden Shop

    1.03 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Randolph Taylor, CCIM

eXp Commercial

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