2925 W Belmont Avenue Chicago, IL $ 489,900
2925 W Belmont Avenue
$ 489,900
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2925 W Belmont Avenue

Chicago, IL, 60618
$ 489,900
Baths0.0 Sq 3,575

Monthly Estimate*

$ 3,256

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Studio

Commercial Property for sale in Chicago, IL

for $489,900. This 3,575 square foot building was built in 1917 on a lot size of 0.068871.

Presenting a unique investment opportunity in the heart of Avondale, this property combines commercial viability with residential comfort. The building includes a commercial storefront on the main floor and two residential units above, making it an ideal asset for diversified revenue streams. The storefront spacious and versatile layout, street-facing windows for high visibility. Above you have two, 3 Bedroom apartments, with 1 Bathroom each. And a 2 car garage. Being sold "AS IS". Conveniently located near 90/94 for a quick commute to O'Hare Airport and surrounding areas. Avondale offers a vibrant community with an eclectic mix of dining, shopping, and entertainment options. This property represents a compelling investment in one of Chicago's highly sought-after neighborhoods, combining commercial potential with residential appeal. It is an excellent opportunity for investors seeking a property with established income and potential for growth.

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Commercial Active

Price

$ 489,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,613

Style

Commercial

Lot Size

0.068871

Year Built

1917

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12056575

Features
General
Cooling None
Possession Closing
Zoning OTHER
Year Built 1917
Electric Circuit Breakers Service - 0 to 100 Amps Shared Meters
Tenant Pays Electricity Heat Varies by Tenant
Stories 3
Township West Chicago
Property SubType Apts/Stores
Tax Year 2022
Current Use Commercial Other
Gross Income 49560
County Cook
Net Operating Income 31673
Operating Expense 16567
Insurance Expense 2774
Property Type Commercial Sale Mixed Use
Possible Use Commercial Multi-Family Retail
Status Price Change
Directions East of I-90 in the Avondale neighborhood.
City Chicago
NumberOfUnitsTotal 3
MLS Area CHI - Avondale
Lot Size Square Feet 3000
Street Name Belmont
Tax Annual Amount 9613.3
Electric Expense 0
Fuel Expense 0
Trash Expense 850
Water Sewer Expense 1233
Additional Parcels Y/N N
Days on Market 26
Standard Status Active
Total Actual Rent 4130
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Interior
Flooring Carpet Varies Vinyl Wood
Total Fireplaces 0
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Exterior
Building Area Total 3575
Lot Dimensions 25X125
Street Suffix Avenue
Frontage Type City Street
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* Excluded Features
List By
Exp Realty, Llc

Broker

zelayarealty@gmail.com

Email

Affordability Calculator

$4,057
Per Month
80%
20%
0%
Monthly Principal & Interest
$3,256
Monthly Property Taxes
$801
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.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/10/2024$489,900 -0.83% Price Down
5/15/2024$494,000 Listed Price

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2925 W Belmont Avenue, Chicago, IL, 60618 is a Commercial Property for sale at $489,900 with 3,575 sqft and a lot size of 0.068871. 2925 W Belmont Avenue is a studio with 0.0 baths and was built in 1917. The property's zip code is 60618 which is in Chicago, IL