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2444 W Montrose Ave

2,200 SF 100% Leased Retail Building Chicago, IL 60618 $995,000 ($452/SF)

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Executive Summary

Flexible mixed use building in a booming section of Lincoln Square. Perfect for realizing an artistic dream or as the home for a business endeavor with the flexibility to live above your business in the newly remodeled 2nd floor condo. This gem of the community hosts a first floor that is currently used as a creative rental space & production hub utilized for private events, meetings, photo shoots, audio recordings, video production and more. Client list for space rental clients is available as part of the purchase. The large second floor condo features a 2 bedroom, 1 Bath, den, + Office and 2 separate living rooms with an updated retro vibe. The condo could be utilized as the business owner's home, rented out, or utilized as office space. Potential to convert the 1st floor to additional living space. Most of the condo furnishings are included in the sale as well as the Hot Tub. Exposed brick and hardwood floors open to a functional kitchen and a beautiful patio out back, with a new 2 car garage built to host events as easily as it stores cars and provides storage. Extensive updates and improvements have been made starting with the 1st floor renovation in 2017 and include: Storefront: New hardwood floors, Addition of a first floor Kitchen, Exposed Brick, New HVAC, new support posts and footers in basement, and plumbing throughout. Condo: Updated Kitchen, Bath, Electric, Roof, floors, and much more. New plumbing installed in 2023 and 2024 and new appliances upstairs in 2022. A turnkey building in a great location with two profitable businesses but enough flexibility to accommodate a new dream. Owner expanding business and moving to new location.