3735 W Belmont Avenue, Chicago, IL 60618

  • $1,100,000
  • $1,149,000
3735 W Belmont Avenue, Chicago, IL 60618
  • Commercial Sale
  • Property Type
  • 1950
  • Year Built
For Sale
3735 W Belmont Avenue, Chicago, IL 60618
  • $1,100,000
  • $1,149,000

Overview

Property ID: 21779216
  • Commercial Sale
  • Property Type
  • 1950
  • Year Built

Description

Excellent investment opportunity to purchase one of the last heavy timber buildings in the Avondale area. This 2 story building is in great condition, plenty of power and has 15″ clear ceiling height. The property has been up-zoned to a B3-3 classification creating increased value ready for a future condo or apartment development. There is a side driveway for access and parking. Rents are below market value and should be increased based on the strong commercial market and new construction in the area. 2 tenants have short term leases in place. Area tenant base includes Sleeping Village Bar, Chicago Strength gym, The Avondale Tap, PNC Bank, Dunkin Donuts and many more. Close proximity to I-90 and the blue line/Belmont bus with great connectivity to O’Hare. Belmont Ave’s VPD is 21,000.

  • Address 3735 W Belmont Avenue
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60618
  • Country United States

Details

Updated on August 27, 2024 at 10:09 pm
  • Property ID: 21779216
  • Price: $1,100,000
  • Year Built: 1950
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 12500
  • MLS#: MRD11955201
  • Office Name: NELLY CORP REALTY
  • Agent Name: Anthony Schillaci
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD18477
  • List Agent MLSID: MRD877422
  • List Date: 2024-01-22T12:09:40.000Z
  • Roof: Membrane
  • Cooling: Zoned
  • Tax Annual: 30649
  • Tax Year: 2022
  • County: Cook
  • Property SubType: Condominium,Apts/Ofc

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