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Commercial Investment Condos

$1,375,000

2934 W Montrose Ave, Chicago, IL 60618

Active
Last Updated: 10/06/2026

5,010 sqft

Building Size

0.24 acres

Lot Area

Details:
Building Size:    5,010 sqft
Lot Area:    0.24 acres
Occupancy:    100%
Units:    3
Year Built:    2004
Floors:    3
Highlights:
  • Net Investment Opportunity
  • Fully Leased
  • Heavy foot/vehicle traffic
  • High-end Tenant Buildouts
  • HVAC and Central Heating
  • Great window frontage for natural light
  • Kitchenette
  • Garage Space Included
Description:

SVN | Chicago Industrial is pleased to present the opportunity to acquire three fully leased, income-producing commercial condominium units at 2934 W. Montrose Avenue, a well-positioned retail asset situated at the crossroads of Ravenswood Manor, Albany Park, and Lincoln Square on Chicago's vibrant North Side.

This offering consists of three stabilized commercial condo units totaling approximately 5,010 rentable square feet, each occupied by an established, service-based tenant operating under a triple-net (NNN) lease structure. With staggered lease terms extending through 2029–2031 and contractual annual rent escalations built into each lease, the property offers a buyer predictable, growing income with minimal landlord responsibility, an ideal profile for a passive investor, a 1031 exchange buyer, or an owner-user looking to occupy one unit while holding the others for income.

Ravenswood Manor - A Vibrant & Growing Chicago Neighborhood

Ravenswood Manor is an increasingly sought-after Chicago neighborhood offering a strong combination of established residential character, growing population, and expanding commercial activity.

The area continues to attract new residents through recent and ongoing multifamily and mixed-use developments, adding density and creating additional demand for neighborhood retail, restaurants, services, and businesses.

The surrounding commercial corridors feature a vibrant mix of restaurants, cafés, retailers, professional services, and locally owned businesses, creating an active and walkable environment with strong neighborhood appeal.

With its beautiful tree-lined streets, established residential base, convenient transportation, growing development activity, and thriving local commerce, Ravenswood Manor provides an attractive setting for business owners, investors, and owner-users looking to own and operate a business in one of Chicago’s increasingly popular neighborhood markets.

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