Address
5358 W BELMONT Avenue, Chicago, IL
Price
$ 715,000
Property Attributes
- MLS#12003050
- TypeContingent
- CountyCOOK
- CityChicago
- AreaCHI - Portage Park
- NeighborhoodPortage Park
- Zip60641
- Style
- Year Built1966
- Taxes$ 36572
- Price$ 715,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10800
- Lot Size0.163567 Acres
Data Source:
Midwest Real Estate Data (MRED)
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.
| Price History | |
|---|---|
| 3/13/2024 | Listed $715,000 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | COMMR |
| Construction Materials | Brick |
| Year Built | 1966 |
| Electric | Separate Meters |
| Tenant Pays | Electricity,Heat |
| Stories | 2 |
| Township | Jefferson |
| Property SubType | Apts/Ofc,Ofc/Store |
| Tax Year | 2021 |
| Gross Income | 64800 |
| County | Cook |
| Property Type | Commercial Sale |
| Contingency | Attorney/Inspection |
| Status | Contingent |
| Directions | Located on the northeast corner of Belmont and Long intersection. |
| City | Chicago |
| Total Units | 5 |
| MLS Area | CHI - Portage Park |
| Lot Size Square Feet | 7125 |
| Street Name | BELMONT |
| Tax Annual Amount | 36572 |
| Additional Parcels Y/N | No |
| Days on Market | 45 |
| Standard Status | Active Under Contract |
| Property Type | Mixed Use |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Building Area Total | 10800 |
|---|---|
| Lot Dimensions | 57 X 125 |
| Frontage Type | City Street |
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 60641
Price
Taxes
Visits
Year Built
