3525 W Belmont Avenue
Chicago, IL, 60618 $ 215,000
Baths0.0 Sq 1,400 Monthly Estimate*
$ 1,429
Studio
for $215,000. This 1,400 square foot building was built in 2012.
Pleased to offer the opportunity to purchase 3523 & 3525 W Belmont Ave, Chicago, two rehabbed retail stores within a professionally managed, fourteen-unit, mixed-use building, in Avondale, Chicago. Strategically located at the corners of Belmont Ave. and Drake St, it is zoned C1-1, an ideal zone for diverse commercial establishments. The retail spaces boast a combined square footage of 1,400 SF, with an average footprint of 700 SF each. Both units are currently leased, with one housing a long-standing tenant on a month-to-month arrangement, were your goal to be to use one of the retail spaces, but expressing a keen interest in signing a long-term lease. The second retail space has recently secured a true long-standing lease at market rents, ensuring stable income for the new owner. Each retail storefront is equipped with tis own individual in-unit HVAC system, ensuring dedicated climate control of both hot and cold air for each retail storefront. Positioned just two blocks from the CTA Belmont Blue Line Stop and a minute away from the Kennedy Expressway (I-90/94), the property enjoys a high-traffic location. The surrounding area features renowned national credit tenants like Walgreens, Aldi, Dunkin, Subway, Five Below, T.J. Maxx, Shell Gas, and Bank of America, contributing to an Average Daily Traffic of 17,500 vehicles. With a walking score of 90 on Belmont Ave., ample non-metered street parking, and proximity to major transit hubs, these commercial storefronts present an attractive investment opportunity in a thriving submarket on the Northside of Chicago. Unit photos shown are from before leasing the second storefront.
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FeaturesGeneralCooling Central Air
Year Built 2012
Electric Circuit Breakers
Tenant Pays Electricity Heat
Stories 1
Township Jefferson
Property SubType Condominium
Tax Year 2021
Gross Income 0
County Cook
Net Operating Income 1
Property Type Commercial Sale Retail/Stores
Status Active
Directions West of Kimball Ave. on the southeast corner of Belmont Ave. and Drake St.
City Chicago
Total Units 2
MLS Area CHI - Avondale
Lot Size Square Feet 0
Street Name Belmont
Tax Annual Amount 6099
Additional Parcels Y/N N
Leasable Area 1400
Days on Market 8
Standard Status Active
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ExteriorBuilding Area Total 1400
Lot Dimensions PER SURVEY
Exterior Brick
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* Excluded FeaturesList ByKeller Williams OnechicagoBroker
mregalado@kwcommercial.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $1,429
- Monthly Property Taxes
- $508
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Chicago, IL
Average List Price $836,634
Percent of Sale Price 289%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
1/27/2024 | $215,000 | | Listed Price |