2329 W Belmont Avenue, Chicago, Illinois 60618
- $1,150,000
- Sold Price
- $1,150,000
- List Price
- $1,275,000
- Closing Date
- Apr 15, 2025
- MLS#
- 12265021
- Status
- CLOSED
- Type
- Commercial
- Subtype
- Commercial Sale
- County
- Cook
- City
- Chicago
- Gross Rental Income
- 130680
- Neighborhood
- Lake View
- Days On Market
- 31
Property Description
The property is mixed-use, 2 commercial 2 apartments in the popular Roscoe village neighborhood on the north side of Chicago. Key Highlights: Retail - Fonseca Martial Arts: 1,250 sq. ft., 3 years remaining on lease with one 5-year renewal option. Owned and operated by John Fonseca, a world renowned karate champion. Retail - Urban Grind: 2,850 sq. ft. ground floor + basement. New 5-year lease with three 1-year renewal options. A holistic fitness center. Residential Units: Spacious two-bedroom units, individually metered for electricity, heat, and hot water. Easy value-add opportunity bringing up one of the units rents to market Location Proximity & Retail Amenities: 5 miles northwest of downtown Chicago, 1.1 miles from Paulina "L" Station, and close to major bus stops and interstates (90 and 94). Surrounded by national retailers like Target, Mariano's, Jewel-Osco, Wild Fork, Aspen Dental, 7-Eleven, and more. Significant investments in the adjacent intersection with new developments, including a 7-Eleven Gas Station and a retail strip center anchored by Wild Fork and Aspen Dental. Increased pedestrian traffic due to new developments. Unmatched Traffic Counts & Demographics: Over 15,100 vehicles/day on Belmont Ave and 35,800+ vehicles/day at the Belmont/Western intersection. Over 44,700 residents within a 1-mile radius (average household income 218,879) and 602,700+ residents within a 3-mile radius (average household income 156,654). All new windows placed 4 years ago (including new doors, first floor and second floor). First floor was done by Ashland glass, 2nd floor by Anderson. All water boilers were replaced about 7 years ago. The roof was replaced 6 years ago. No warranties. Do not disturb tenants
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Additional Information
- Tax Year
- 2023
- Tax Amount
- $15,723
- Year Built
- 1895
- Lot Dimensions
- 71.76' X 101.4'
- Air Conditioning
- Central Air, Central Individual
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