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5358 W BELMONT Avenue
Chicago IL 60641 US

$715,000

Active Under Contract Listing ID 12003050
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$715,000

Active Under Contract Listing ID 12003050
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5358 W BELMONT Avenue 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 715000
  • unparsedaddress: 5358 W BELMONT Avenue
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60641
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 10800
  • livingareaunits: Square Feet
  • latitude: 41.9389
  • longitude: -87.761452
  • listagentfullname: Mark Latuszek
  • listagentemail: mark@AREGmail.com
  • listagentkey: 3yd-MREDIL-238407
  • listagentmlsid: 238407
  • listagentpreferredphone: 3127311497
  • listagentofficephone: 8477636464
  • listofficekey: 3yd-MREDIL-8405
  • listofficemlsid: 8405
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1966
  • listingcontractdate: 2024-03-13
  • countyorparish: Cook
  • parcelnumber: 13213290210000
  • constructionmaterials: Brick
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Weichert
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.761452, 41.9389
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/MREDIL/12003050/?channel=rexren", "LeadRoutingEmail":"mark@AREGmail.com", "BrokerName":"Weichert Realtors Ambassador", "ListingTitle":"Apts/Ofc, Ofc/Store - Chicago, IL", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"stephen.costa@aregmail.com", "ListOfficeAddress1":"7332 N Milwaukee Ave.", "ListOfficeAddress2":null, "ListOfficeCity":"Niles", "ListOfficePostalCode":"60714", "ListOfficeStateOrProvince":"IL", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Weichert Realtors Ambassador", "ListBrokeragePhone":"(847) 763-6464", "ListBrokerageEmail":"stephen.costa@aregmail.com", "ListBrokerageWebsiteUrl":null, "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"7332 N Milwaukee Ave", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Niles", "ListBrokerageStateOrProvince":"IL", "ListBrokeragePostalCode":"60714", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-04-26T14:02:01Z", "Neighborhoods":[{"Name":"CHI - Portage Park", "Description":null}], "Taxes":[{"TaxYear":"2021", "TaxAnnualAmount":36572, "TaxDescription":null}]}
Listing Changed: 4/26/2024 7:43:06 PM GMT
Source Updated Date: 5/6/2024 6:38:53 AM GMT

Courtesy of: Mark Latuszek, Weichert Realtors Ambassador, mark@AREGmail.com

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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