# 3217 Montrose, Chicago, IL 60618

> **TL;DR:** commercial, $975,000 ($244/sqft), built 1920, 4,000 sqft. Est. $4,225/mo. Listed 382 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $975,000 |
| Price/sqft | $244 |
| Square Feet | 4,000 |
| Year Built | 1920 |
| Lot Size | 5,227 sqft (0.12 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 382 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,225 |
| **Total** | **$4,225** |

## 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
- **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:** 6304746441
- **Email:** rtaylor@creconsult.net

## Primary Photo

![3217 Montrose - Primary Photo](http://lh.rdcpix.com/4d0e7a175f662baeb5e54fb9ddc74db0l-f2549103852r.jpg)

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**MLS#:** 11736265 | **Updated:** 2026-06-18
**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.com/listing/3217-montrose-chicago-il-60618-11736265)

---

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