SOLDMAR 26, 2024
Homes for Sale Near 5245 W Montrose Ave
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Description
This property is no longer available to rent or to buy. This description is from March 27, 2024
Sitting at the intersection of Jefferson Park and Portage Park, this classic Chicago 3-unit brick building with 4th garden unit apartment sits on an extra-wide lot and is in an exceptional location just 5 blocks from the Montrose Blue Line and Mayfair Metra Line as well as offering easy access to the expressway, downtown Chicago and the airport. It's also just 5 blocks from Portage Park itself, the largest park on Chicago's northwest side with bike path, nature walk, tennis courts, two playgrounds, baseball and soccer fields, an Olympic sized pool and fieldhouse. This superb location makes it easy to find tenants. All four of the apartments are spacious, have great natural light, separate utilities including their own gas forced-air heating systems and hot water heaters and are currently rented out. Rents are below market value, leaving room for increased revenue, especially with further cosmetic updates. All tenants have access to a shared relaxing patio area as well. There is also an oversized 2-car brick garage with workshop which brings in additional income. Building updates include a new copper water main line, a water pressure booster pump and new copper supply lines throughout the building, new 200 AMP electrical service, 2 new furnaces (2021), 3 high efficiency hot water heaters- 2 new in (2018), renovated bathrooms in first and second floor, new windows in sunroom and bedrooms of 1st floor apartment and new roof on garage and sunroom just to mention a few. Garden apartment has its own front and back entrances. It could also easily be combined with the 1st floor apartment to create a 4BR, 2BTH duplex down unit if so desired. Coin laundry room in the basement provides additional income. This building is in an A+ location, close to the Six Corners shopping district and would make an excellent owner occupied property or purely income producing property for the investor's real estate portfolio in a fantastic, fast-appreciating neighborhood.
Home Highlights
Parking
Garage
Outdoor
Patio
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
54 days ago
Home Details for 5245 W Montrose Ave
Active Status |
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MLS Status: Closed |
Interior Features |
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Interior Details Basement: FullNumber of Rooms: 29Types of Rooms: Bathroom |
Beds & Baths Number of Bedrooms: 8Number of Bathrooms: 3Number of Bathrooms (full): 4 |
Heating & Cooling Heating: Natural Gas,Forced AirHas HeatingHeating Fuel: Natural Gas |
Exterior Features |
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Exterior Home Features Patio / Porch: PatioFencing: FencedOther Structures: Garage(s)Foundation: Brick/Mortar |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: Garage |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Property Information |
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Year Built Year Built: 1920 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Traditional |
Building Construction Materials: BrickNot a New ConstructionNo Additional Parcels |
Property Information Parcel Number: 13163030050000 |
Price & Status |
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Price List Price: $759,000 |
Status Change & Dates Off Market Date: Mon Mar 04 2024Possession Timing: Close Of Escrow, Negotiable |
Location |
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Direction & Address City: Chicago |
School Information Elementary School: Portage Park Elementary SchoolElementary School District: 299Jr High / Middle School: Portage Park Elementary SchoolJr High / Middle School District: 299High School: Schurz High SchoolHigh School District: 299 |
Community |
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Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved |
Lot Information |
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Lot Area: 4125 sqft |
Listing Info |
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Special Conditions: None |
Offer |
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Listing Terms: Conventional |
Compensation |
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Buyer Agency Commission: 2.5% LESS $495 BUT VARIABLE (2% LESS $495 IF SALE PRICE IS LESS $730, 000)Buyer Agency Commission Type: See Remarks: |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Business Information Ownership: Fee Simple |
Miscellaneous |
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BasementMls Number: 11995736 |
Additional Information |
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ParkCurbsSidewalksStreet LightsStreet PavedMlg Can ViewMlg Can Use: IDX |
Last check for updates: 1 day ago
Listed by Michael Hall, (773) 710-3990
Baird & Warner
Bought with: Amir Dana, Homesmart Connect LLC
Source: MRED as distributed by MLS GRID, MLS#11995736
Price History for 5245 W Montrose Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 03/26/2024 | $755,000 | Sold | MRED as distributed by MLS GRID #11995736 |
| 03/03/2024 | ListingRemoved | MRED as distributed by MLS GRID #11965904 | |
| 02/20/2024 | $759,000 | Contingent | MRED as distributed by MLS GRID #11965904 |
| 01/23/2024 | $759,000 | Listed For Sale | MRED as distributed by MLS GRID #11965904 |
| 01/23/2024 | ListingRemoved | MRED as distributed by MLS GRID #11944759 | |
| 12/10/2023 | $775,000 | Listed For Sale | MRED as distributed by MLS GRID #11944759 |
| 12/10/2023 | ListingRemoved | MRED as distributed by MLS GRID #11929701 | |
| 12/06/2023 | $775,000 | Contingent | MRED as distributed by MLS GRID #11929701 |
| 11/21/2023 | $775,000 | Listed For Sale | MRED as distributed by MLS GRID #11929701 |
Comparable Sales for 5245 W Montrose Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.25 | Multi-Family Home | $720,000 | 08/24/23 | 8 | 3 | - | |
0.21 | Multi-Family Home | $690,000 | 02/29/24 | 7 | 3 | - | |
0.19 | Multi-Family Home | $640,000 | 09/07/23 | 7 | 3 | - | |
0.15 | Multi-Family Home | $445,000 | 02/07/24 | 7 | 3 | - | |
0.09 | Multi-Family Home | $611,650 | 12/08/23 | 4 | 2 | - | |
0.19 | Multi-Family Home | $570,000 | 05/12/23 | 6 | 2 | - | |
0.08 | Multi-Family Home | $510,000 | 09/11/23 | 4 | 2 | - | |
0.20 | Multi-Family Home | $471,500 | 04/19/24 | 6 | 2 | - | |
0.13 | Multi-Family Home | $550,000 | 09/15/23 | 4 | 2 | - |
Assigned Schools
These are the assigned schools for 5245 W Montrose Ave.
- Portage Park Elementary School
- PK-8
- Public
- 838 Students
4/10GreatSchools RatingParent Rating AverageWe are a very proud Portage Park Elementary family. We have 2 kids enrolled and have enjoyed the quality of the lessons and assignments and the arts integrated approach to learning. The performing arts programming has been superb- especially dance and the spring festival of the arts! We are very lucky to have this school and Principal Wood in our neighborhood.Parent Review7mo ago - Schurz High School
- 9-12
- Public
- 1732 Students
2/10GreatSchools RatingParent Rating AverageMy daughter is in the IB program at this school, and is in the top of her class. The curriculum is challenging and the teachers care.Parent Review7y ago 
Check out schools near 5245 W Montrose Ave.
Check with the applicable school district prior to making a decision based on these schools. Learn more.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Portage Park
- Trulia User
- Resident
- 8mo ago
"It’s fine. It’s all I ever thought it could be. It was better than cats. How much more do I need to write on here???"
- Trulia User
- Prev. Resident
- 9mo ago
"Jefferson park is a good area for children and adults because everyone is different and respectful people "
- Trulia User
- Resident
- 1y ago
"Portage Park has a lot of opportunity for children to be out and about between the parks and the pool. Lots of shops, close by favorite groceries stores."
- Trulia User
- Resident
- 1y ago
"Moved into a 6 family apartment- neighborhood is friendly, clean, and I feel safe. Lots of stores near by. The park has a beautiful pool"
- Trulia User
- Resident
- 1y ago
"My neighborhood is awesome I love walking and taking the bus around in my area the people are great too"
- Trulia User
- Resident
- 1y ago
"Diversity- vast majority of restaurants and small businesses to keep you entertained. Do watch out for the random Karen and kens! They are pretty much lurking everywhere. "
- Trulia User
- Resident
- 1y ago
"working class neighborhood which is not far from suburbs. ideal for people who drive. I love having lived here for more than 25 years"
- Trulia User
- Resident
- 2y ago
"convenient, buses and trains come frequently, gets pretty crowded during rush hour. pretty far from the train"
- Trulia User
- Resident
- 2y ago
"Great family friendly neighborhood. Relatively safe for Chicago but safer than the south of chicago Amazing neighborhood and neighbors and highly recommend. Still affordable but quickly gentrifying some get in quick. "
- Trulia User
- Resident
- 2y ago
"Heavy city traffic to be expected. Just have a great playlist or a podcast to listen to. The streets are often in contruction. "
- Trulia User
- Resident
- 2y ago
"Easy access to suburbs and downtown . Very diverse neighborhood . Nice parks. Great variety of stores and restaurants "
- Trulia User
- Resident
- 2y ago
"It’s generally safe but you should stay with your children at all times. Otherwise it’s a great family neighborhood. "
- Trulia User
- Resident
- 2y ago
"It is a friendly neighborhood that is still developing, the shops are nearby and so are certain restaurants and bars "
- Trulia User
- Resident
- 2y ago
"The friendliness of the neighbors and all the nice dogs in the neighborhood. Very well maintained and safe. Your always seeing someone else walking their dogs, so your never out alone "
- Trulia User
- Resident
- 2y ago
"We have a park area named portage park and lots of restaurants around and cafes and local stores and it’s close to downtown about a 25 min drive"
- Mariajoyce25
- Resident
- 3y ago
"Public transportation is available. Easy access to I 90. There are bike lanes as well. This neighborhood has always been too notch for being able to allow residents to commute to all parts of the Chicagoland area. We also have the metra station next to the Irving blue line. "
- Alyssa W.
- Resident
- 3y ago
"Plenty of people can be seen walking their dogs within this neighborhood. It’s very common for people to have dogs "
- Mariapeggy823
- Resident
- 3y ago
"They neighborhood is really diverse,good schools, transportation is very accessible. Friendly people. Lots of stores and restaurants in the area."
- Ballattacker3
- Resident
- 3y ago
"Block party’s, the community comes together and puts on a great show. I hope to get to know more people as time goes on."
- Terron W.
- Resident
- 3y ago
"I’ve been here for seven years. It’s a great community for families! Neighbors are friendly and there has been an influx of young families moving into the neighborhood. Close proximity to Portage Park adds motivation to get out and enjoy the outdoors. "
- Cielo M.
- Resident
- 3y ago
"Just moved here. I did have a neighbor threaten to shoot my putbull once but other than that it's a quiet clean place "
- Jennifer H. .
- Resident
- 3y ago
"My neighborhood is really safe..The people are super nice there are alot of dogs but almost all people pick up after there dogs.."
- Lasvegasarturo
- Resident
- 3y ago
"Great dog walking neighborhood. Other dog owners are very friendly Area is safe for late walks as well. "
- Kristin M. H.
- Resident
- 4y ago
"Portage Park has a dog park which would probably be a nice feature for dog owners. Dog owners are typically respectful of other dogs and pedestrians."
- Glenda Y.
- Resident
- 4y ago
"it's quiet clean safe so far people here hasn't been very friendly but that's fine at least my kids can still walk to school safely"
- Vikki T.
- Resident
- 4y ago
"Portage dog park is a great option to let the dogs burn some energy and get some good exercise. I definitely think my dog enjoys it "
- Tyler K.
- Resident
- 4y ago
"Dog owners would like the amount of available sidewalk to walk their dogs on and that the neighbors shovel the snow."
- Rose L.
- Resident
- 4y ago
"Great big park near by that offers clubs, a pool at no cost to residents and many little shops to walk to during the summer"
- Melia A.
- Resident
- 4y ago
"Cool place made for families and people looking for a sense of privacy this area is always accessible and accommodating this are has lots of areas and greenery for your pet or yourself it’s 3 mins to the lake and close to many train and bus stops it has a great night life and a vibrant community this area host the lgbqt community parade every year and is rated a 9 out of 10 on 10 best places to live in Chicago in the Chicago times."
- Chris
- Resident
- 4y ago
"Great mix of people and new cool shops/restaurants in a trendy area. I’ve been living here for years and it’s a cozy family oriented area but also with plenty of fun things to do."
- Mzqorqeous18
- Resident
- 4y ago
"This neighborhood is very friendly and for the most part very quiet and well kept. I’be lived here for 3 years and had no complains other than parking but that’s everywhere in Chicago."
- Diana M.
- Resident
- 4y ago
"I always see dogs in this neighborhoods with there dog owners walking. theres a dog park in the neighborhood and I currently have a dog we go often"
- Mashiell P.
- Resident
- 4y ago
"My neighborhood has great access to the six corners Irving Park, Milwaukee, Cicero bus stops and CTA Blue lines."
- Paul V.
- Resident
- 4y ago
"Great place to raise a family. Quiet and hard-working people. Great local restaurants and shops and safe area."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 5245 W Montrose Ave
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Off Market Homes Near 5245 W Montrose Ave
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- SOLDAPR 26, 2024@properties Christie's International Real Estate, Closed
- SOLDAPR 26, 2024Tri-Taylor Realty & Management, Closed
- SOLDAPR 26, 2024@properties Christie's International Real Estate, Closed
- See more homes for sale inChicagoTake a look
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5245 W Montrose Ave, Chicago, IL 60641 is a 8 bedroom, 3 bathroom multi-family built in 1920. 5245 W Montrose Ave is located in Portage Park, Chicago. This property is not currently available for sale. 5245 W Montrose Ave was last sold on Mar 26, 2024 for $755,000 (1% lower than the asking price of $759,000). The current Trulia Estimate for 5245 W Montrose Ave is $761,000.