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3735 W Belmont Avenue

Chicago, IL 60618
  • $1,149,000
  • STATUS: Active Under Contract
  • ON SITE: 93 Days
  • MLS #: 11955201
Under Contract
$1,149,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

Description

Excellent investment opportunity to purchase one of the last heavy timber buildings in the Avondale area. This 2 story building is in great condition, plenty of power and has 15" clear ceiling height. The property has been up-zoned to a B3-3 classification creating increased value ready for a future condo or apartment development. There is a side driveway for access and parking. Rents are below market value and should be increased based on the strong commercial market and new construction in the area. 2 tenants have short term leases in place. Area tenant base includes Sleeping Village Bar, Chicago Strength gym, The Avondale Tap, PNC Bank, Dunkin Donuts and many more. Close proximity to I-90 and the blue line/Belmont bus with great connectivity to O'Hare. Belmont Ave's VPD is 21,000.

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© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-25T00:00:14.44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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3735 W Belmont Avenue Chicago, IL 60618

  • Price: $1,149,000
  • Status: Active Under Contract
  • On Site: 93 Days
  • MLS #: 11955201
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1950
Built
Neighborhood:
Chi - Avondale
County:
Cook
Area:
Chi - Avondale
Property Description
Excellent investment opportunity to purchase one of the last heavy timber buildings in the Avondale area. This 2 story building is in great condition, plenty of power and has 15" clear ceiling height. The property has been up-zoned to a B3-3 classification creating increased value ready for a future condo or apartment development. There is a side driveway for access and parking. Rents are below market value and should be increased based on the strong commercial market and new construction in the area. 2 tenants have short term leases in place. Area tenant base includes Sleeping Village Bar, Chicago Strength gym, The Avondale Tap, PNC Bank, Dunkin Donuts and many more. Close proximity to I-90 and the blue line/Belmont bus with great connectivity to O'Hare. Belmont Ave's VPD is 21,000.
Exterior Features

Docks Service Entrance Roof Membrane Roof Structure Flat Water Drainage Other

Interior Features

Cooling Zoned Heat Ventilation Central Heat/Indiv ControlsGas

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 12500 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Electric Service - 201 to 600 Amps Fire Protection Sprinklers-Wet Geographic Locale Chicago North Gross Income 94200 Gross Scheduled Income 94200 Insurance Expense 4490 Mls Actual Status Contingent Number Of Tenants 2 Rental Price 9 Tax Annual Amount 30649 Tax Year 2022 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 7850 Township Jefferson Type Mixed Use Zoning COMMR

Listing information © 2024 Midwest Real Estate Data LLC.
Listing provided courtesy of Nelly Corp Realty: 773-929-1200.


© 2024 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Ryan Dallas Real Estate. Based on information submitted to the MRED as of 2024-04-25T00:00:14.44 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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 properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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