5401 W Montrose Ave Chicago, IL 60641
Portage Park NeighborhoodEstimated payment $3,098/month
About This Lot
Exceptional investment opportunity located at the signalized intersection of Montrose and Long in Chicago's vibrant Portage Park neighborhood. This high-visibility corner property offers approximately 62 feet of frontage on Montrose Avenue with a total lot size of 7,000 SF. Zoned B3-1, this site allows for a wide range of commercial and mixed-use development possibilities. Property was a dry cleaner in the past and soil will need to be addressed before anything can be built. Contact agent for more information.
Listing Agent
Keller Williams Realty Ptnr,LL License #475155906 Listed on: 08/05/2025
Property Details
Property Type
- Land
Est. Annual Taxes
- $11,136
Lot Details
- Lot Dimensions are 62x125
- Additional Parcels
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,736 | $8,438 | $8,438 | -- |
| 2023 | $11,403 | $22,448 | $14,344 | $8,104 |
| 2022 | $11,403 | $55,440 | $18,027 | $37,413 |
| 2021 | $11,638 | $57,873 | $18,027 | $39,846 |
| 2020 | $12,649 | $56,783 | $18,027 | $38,756 |
| 2019 | $11,408 | $56,783 | $18,027 | $38,756 |
| 2018 | $11,217 | $56,783 | $18,027 | $38,756 |
| 2017 | $11,278 | $52,390 | $15,773 | $36,617 |
| 2016 | $10,493 | $52,390 | $15,773 | $36,617 |
| 2015 | $9,600 | $52,390 | $15,773 | $36,617 |
| 2014 | $10,188 | $54,908 | $15,773 | $39,135 |
| 2013 | $9,986 | $54,908 | $15,773 | $39,135 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | For Sale | $399,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $380,000 | None Listed On Document | |
| Warranty Deed | $400,000 | Multiple | |
| Special Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $149,320 | Commercial | |
| Previous Owner | $450,000 | Commercial | |
| Previous Owner | $210,000 | Commercial | |
| Previous Owner | $700,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12438115
APN: 13-16-301-018-0000
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