3110 Belmont AveChicago, IL 60618

For Sale
$3,195,000

Eight-unit building, high-end finishes, strong income.

Overview

Added:
Feb 3
Days on market:
39
This exceptional eight-unit mixed-use building, constructed in 2008, presents a compelling investment opportunity in Chicago's vibrant Avondale neighborhood. The property boasts 16,234 square feet and comprises six spacious, full-floor residential units. Each apartment offers approximately 2,000 square feet of living space, featuring three bedrooms, two bathrooms, fireplaces, granite countertops, stainless steel appliances, and private balconies. These high-end finishes cater to a discerning clientele. Adding to the property's income stream are two retail spaces currently leased to established medical tenants under long-term agreements, ensuring consistent rental revenue. The building is currently fully occupied, presenting a significant opportunity to increase rental income given several below-market leases. Further potential exists to enhance the property's value by adding rooftop decks, offering stunning downtown skyline views. Convenient amenities include indoor parking for six vehicles and an elevator, enhancing the appeal for both residents and tenants. The building's prime location provides easy access to the expressway and the CTA Blue Line, further increasing its desirability. This well-maintained brick building offers a rare blend of residential and commercial income, making it an ideal investment for discerning buyers.

Property Details for 3110 Belmont Ave

Property type
Other commercial real estate
Square Feet
16,234 SF
Year Built
2008

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.93959
Longitude
-87.7057
3110 Belmont Ave, Chicago, Illinois

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3110 Belmont Ave
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