2329 West Belmont Avenue

Chicago, IL 60618

$1,275,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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,...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
  1. Listed by John Przybyla • Horvath & Tremblay IL, LLC

Property Details for 2329 West Belmont Avenue

Area
CHI - North Center
LISTING UPDATED: 01/07/2025 01:48 PM

Property Details for 2329 West Belmont Avenue

StatusNew
MLS #12265021
Days on Market2
Taxes$15,723 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1895
Lot Size0.06 AC / 2,614 SF
CountyCook County

Building Information for 2329 West Belmont Avenue

Stories2Residences4Year Built1895Lot Size0.06 AC / 2,614 SF

Property Information for 2329 West Belmont Avenue

General Information
Location and General Information
  • Geographic Locale: Chicago North
  • Information: List Broker Must Accompany,48-Hr Notice Required,Other-See Remarks,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Separate Meters
  • Flooring: Wood
  • # Of Washers: 2
  • Heat/Ventilation: Other
  • # Of Refrigerators: 2
  • Washer/Dryer Lsd: Yes
  • Misc Inside: Multi-Tenant,Skylight/s,Storage Inside,Other,Basement
  • # Of Dryers: 2
  • # Of Disposals: 2
  • # Of Dishwashers: 2
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 71.76' X 101.4'
  • Lot Size Square Feet: 2614.0
  • Stories: 2
  • Fire Protection: Other
  • Building Area Total: 6750
  • # Of Offices: 0
  • # Of Ranges: 2
  • # Of Stores: 2
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Public Document Count: 1
  • Document Date: 2025-01-06T19:00:56
  • Photos Count: 10
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: $.00
  • Fuel Expense: $2,400.00
  • Gross Income: $130,680.00
  • Gross Scheduled Income: $130,680.00
  • Insurance Expense: $3,450.00
  • Expense Year: 2023
  • Total Annual Expense Source: Combination
  • Total Monthly Income: 10890
  • Net Operating Income: $101,285.00
  • Operating Expense: $25,475.00
  • Other Expense: $2,030.00
  • Trash Expense: $1,200.00
  • Water Sewer Expense: $672.00

Property History for 2329 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 2329 West Belmont Avenue

Taxable ValueLand$25,900Additions$50,541Total$76,441
Tax Record2022$15,723 ($1,310 / month)
Home Facts
Baths4.5Total Finished SqFt4,768 SqFtAbove Grade Finished SqFt4,768 SqFtStories2Lot Size2,590 SqFtStyleMulti-Family Res (5+ Units)Year Built1895CountyCOOKAPN14-30-100-001

Schools near 2329 West Belmont Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 11 to 12
Public - 9 to 12
Rating
School
Distance
Jahn Elementary School
PublicPK to 8

Lake View High School
Public9 to 12

Devry Advantage Academy High School
Public11 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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2329 West Belmont Avenue is a mixed use property for sale in Chicago, IL 60618. This property was listed for sale on January 6, 2025 by Horvath & Tremblay IL, LLC, it's currently listed at $1,275,000. It has been on the market for a total of 2 days and was last sold on April 10, 2014. This listing's school district is Chicago Public Schools. Nearby schools include Jahn Elementary School, Lake View High School and Devry Advantage Academy High School. 2329 West Belmont Avenue is a 0-bed, 0-bath, mixed use property built in 1895.

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 Horvath & Tremblay IL, LLC

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 01/07/2025 01:48 PM. 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.