1722 West Belmont Avenue

Chicago, IL 60657

$2,350,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Presenting a fully leased, high-end multifamily building, offering turnkey investment potential. This newly constructed property features four occupied units: three identical residential units (3 bedrooms, 2 baths each) and a ground-floor retail space, collectively generating a total annual income of 199,200. Residential units feature a living room, dining room, chef's kitchen with custom cabinets, granite counters, cook top stove, built-in oven and microwave and dishwasher. All high-end stainless...Presenting a fully leased, high-end multifamily building, offering turnkey investment potential. This newly constructed property features four occupied units: three identical residential units (3 bedrooms, 2 baths each) and a ground-floor retail space, collectively generating a total annual income of 199,200. Residential units feature a living room, dining room, chef's kitchen with custom cabinets, granite counters, cook top stove, built-in oven and microwave and dishwasher. All high-end stainless appliances. Three large bedrooms including a primary bedroom with stone primary bath with double bowl vanity sink, soaking air jet tub, separate shower and heated floors. The primary bedroom has large walk-in organized closets. Bedroom two and three both include organized closets. The second bathroom featured a stone bath. Hardwood floors throughout. Custom lighting and window treatments. In-unit washer and dryer. Individual controlled HVAC. High efficient tankless hot water heaters in each unit. Each unit has a front terrace and a rear deck. The top floor unit includes the roof deck buildout with composite deck, gas hook up, water hook up and skyline views. Each residential unit includes parking for two tandem cars in a gated and covered parking pad. Perfect location close to Whole foods, Paulina Brown Line and so much more. Easy building to manage and keep as a rental. All unit utilities paid for by tenants. Rental amounts are as listed: retail unit 2,900, unit 2 is 4,300, units 3 is 4,500 and unit 4 is 4,900. A member of the LLC holds an IL real estate license. The listing broker is not a member of the LLC.
  1. Listed by Pasquale Recchia • @properties Christie's International Real Estate

Property Details for 1722 West Belmont Avenue

Area
CHI - Lake View
Township
Lake View
Num of Interior Fireplaces
3
Zoning
MULTI
LISTING UPDATED: 11/20/2024 11:08 AM

Property Details for 1722 West Belmont Avenue

StatusActive
MLS #12207739
Days on Market47
Taxes$26,043 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built2014
Lot Size0.08 AC / 3,276 SF
CountyCook County

Building

1722 W Belmont Ave

4 Units3 StoriesBuilt in 2014

Building Information for 1722 West Belmont Avenue

Stories3Residences4Year Built2014Lot Size0.08 AC / 3,276 SF

Property Information for 1722 West Belmont Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 6-12 Spaces,Assigned Spaces,Covered,Secured
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago North
  • Information: 48-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Central Individual
  • Electric: Circuit Breakers, Separate Meters
  • # Of Washers: 3
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 3
  • # Of Dryers: 3
  • # Of Disposals: 3
  • # Of Dishwashers: 3
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
  • Misc Outside: Balcony/ies,Security Lighting,Sun Deck
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: No
  • Approximate Age: 7-15 Years
  • Lot Dimensions: 25X126
  • Lot Size Square Feet: 3276.0
  • Stories: 4
  • Exterior Building Type: Brick
  • Construction: Brick, Block
  • Fire Protection: Fire Extinguisher/s
  • Building Area Total: 6200
  • # Of Offices: 0
  • Retail SqFt: 1400
  • # Of Ranges: 3
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Possible Use: Commercial, Condominium, Multi-Family, Retail
  • Public Document Count: 0
  • Photos Count: 19
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Electric Expense: $1,500.00
  • Fuel Expense: $.00
  • Gross Income: $199,200.00
  • Gross Scheduled Income: $199,200.00
  • Insurance Expense: $5,500.00
  • Electric Expense Source: Owner Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Trash Expense Source: Actual
  • Total Monthly Income: 16600
  • Water Expense Source: Owner Projection
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,500.00

Property History for 1722 West Belmont Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1722 West Belmont Avenue

Taxable ValueLand$37,500Additions$82,500Total$120,000
Tax Record2022$25,373 ($2,114 / month)
Home Facts
Baths7Total Finished SqFt4,885 SqFtAbove Grade Finished SqFt4,885 SqFtStories3Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built2016CountyCOOKAPN14-19-434-031

Schools near 1722 West Belmont Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Burley Elementary School
PublicK to 8

Lake View High School
Public9 to 12

Alcott College Prep
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1722 West Belmont Avenue is a mixed use property for sale in Chicago, IL 60657. This property was listed for sale on November 11, 2024 by @properties Christie's International Real Estate, it's currently listed at $2,350,000. It has been on the market for a total of 47 days and was last sold on June 19, 2015. This listing's school district is Chicago Public Schools. Nearby schools include Burley Elementary School, Lake View High School and Alcott College Prep. 1722 West Belmont Avenue is a 0-bed, 0-bath, mixed use property built in 2014.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties Christie's International Real Estate

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 11/20/2024 11:08 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.