Chicago, IL 60641,5358 W BELMONT AVE
Chicago, IL 60641,5358 W BELMONT AVE
Chicago, IL 60641,5358 W BELMONT AVE
37
$550,000
$715,000
23.1%
Est.Price: ?

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10,800 SqFt

5358 W BELMONT AVE Chicago, IL 60641

Est. payment /mo
SOLD DATE : 08/20/2024

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Key Details

Sold Price $550,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 10,800 sqft

Price per Sqft $50

MLS Listing ID 12003050

Sold Date 08/20/24

Year Built 1966

Annual Tax Amount $36,572

Tax Year 2021

Lot Dimensions 57 X 125

Property Sub-Type Mixed Use

Property Description

Discover an iconic mixed-use building situated at the bustling intersection of Belmont and Long. Existing tenants include a vibrant dance studio and a prominent insurance company on the 1st floor, ensuring immediate income. With a current occupancy rate of 50%, this prime property offers an excellent opportunity for prospective owners. The available space can be utilized for a variety of purposes, catering to professions such as dentistry, chiropractic services, accounting, legal practices, and more. Seize the chance to customize the space for your own business needs or explore the potential for generating additional income by converting it for alternative uses. The once-used radio station office space can be transformed back into 2 spacious residential apartments, while the office space overlooking Belmont Ave. could be used as additional office space or become a 3rd apartment. Convenient location with easy access to amenities, public transportation, street parking, and a 2-car garage. An investor's dream or an entrepreneur's canvas, this property is brimming with potential. The estimated ARV is $1.4M with $135k annual income. Real estate taxes can be appealed once residential tenants are established. So don't miss out! Cash offers welcome.

Location

State IL

County Cook

Area Chi - Portage Park

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Level or Stories 2

Structure Type Brick

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Midwest Real Estate Data (MRED) IDX
Listed by Mark Latuszek • Weichert Realtors Ambassador
Bought with Inactive Inactive • Baird & Warner Fox Valley - Geneva

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agent

Arthur Bragg

Agent | License ID: 250906

+1(847) 997-3944

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