SOLD
$1,100,000
Date 04/29/2022

1148 W Belmont Avenue
Chicago, IL 60657

Mixed Use, Business Opportunities
Commercial
4,544
Sq. Ft.
0.073
Acre Lot
Courtesy: Keller Williams ONEChicago
CB Today> Illinois> Chicago> 60657
OMPLETELY RENOVATED AND LEASED 5-unit building in the highly sought after Chicago Lakeview neighborhood. This Gorgeous building has been meticulously maintained and updated by the current longtime owners. ****Available at a 6.64% Cap Rate! ****The property consists of (1) storefront occupied by the same tenant for many years. Lease expires in 2023. Tenant would love to renew, (3) 2 Bed 1 Bath units, and (1) 3 Bed 2 Bath duplex. Additional income from 2 garage spots. Tenants pay all utilities. Rents are great but can be increased or capitalize with STR/AIR BNB! CHECK OUT THE AVAILABLE YOUTUBE TOURS ON A COUPLE OF THE UNITS. THIS IS PART OF A PORTFOLIO WITH 3 OTHER BUILDINGS. THEY CAN BE BOUGHT TOGETHER OR INDIVIDUALLY. YOU DON'T WANT TO PASS THESE BUILDINGS UP! NOTHING TO DO BUT COLLECT RENTS.*****CAPITAL IMPROVEMENTS INCLUDE; FURNACE/AC: 1R & 2R (2018), 3R (2015), 2F (2017), SF (2014). WINDOWS: 1R (2019), 3R (2015), 2F (2017). BATHROOM REHAB: 1R & 2R (2020), 3R (2015), 2F (2021). KITCHEN REHAB: 1R (2020), 3R (2015), 2F (2015). NEW MICROWAVE 2R (2020). ROOF (2015 HALF). WATER HEATERS: 2R (2018), 3R (2015), SF (2015).***** All the units have Central A/C and Heat (tenants pay heat) - Hardwood floors throughout - Laundry - Dishwasher - New windows - Recessed lighting*****CHECK ADDITIONAL INFO TAB******REVENUE HISTORY, RENT ROLL, EXPENSES, CAPITAL IMPROVEMENTS, AREA/PROPERTY ECONOMIC & FINANCIAL ANAYLSIS********** MULTIPLE OFFERS RECEIVED*****
11335262
Commercial - Mixed Use, Business Opportunities, 3+ Story
1887
Cook
0.073 Acres
3
Block,Brick,Vinyl siding
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Keller Williams ONEChicago
Listings courtesy of MRED as distributed by MLS GRID

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