# 3217 Montrose, Chicago, IL 60618

> **TL;DR:** commercial, $895,000 ($224/sqft), built 1920, 4,000 sqft. Est. $4,787/mo. Listed 491 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $895,000 |
| Price/sqft | $224 |
| Square Feet | 4,000 |
| Year Built | 1920 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 491 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,526 |
| Estimated Insurance | $261 |
| **Total** | **$4,787** |

## Property Highlights

- Built in 1920
- 0.12 acre lot

## Description

### Agent Description
+/-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

## Location

- **Address:** 3217 Montrose, Chicago, IL 60618
- **County:** Cook
- **Neighborhood:** Irving Park
- **Coordinates:** 41.961146, -87.70916
- **Google Maps:** https://www.google.com/maps?q=41.961146,-87.70916

## Listing Agent

- **Name:** Randolph Taylor
- **Brokerage:** eXp Commercial
- **Phone:** 630-474-6441
- **Broker Phone:** 630-474-6441
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/NYSMLS/11736265/?channel=propsimple)

## Photos

![3217 Montrose - Photo 1](http://lh.rdcpix.com/becc1bef23dd5c80ff284596b4aef9dfl-f2549103852r.jpg)

---

**MLS#:** 11736265 | **Updated:** 2026-09-17
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/3217-montrose-chicago-il-60618-11736265)

---

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