5228 West Belmont Avenue

Chicago, IL 60641

$575,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment Opportunity for a fully occupied 4 Unit Mixed Use Building on Chicago's Northwest Side! The building offers a commercial office space with its own central air. There are two units that boast 3 bedrooms and 1 bath and a third residential unit featuring 2 bedrooms and 1 bath. All recently updated. Harwood floors, updated kitchens and baths. All units have separate gas and electric meters. Tenants pay their own gas and electric. Basement with coin laundry and storage. Parking spaces in the...Investment Opportunity for a fully occupied 4 Unit Mixed Use Building on Chicago's Northwest Side! The building offers a commercial office space with its own central air. There are two units that boast 3 bedrooms and 1 bath and a third residential unit featuring 2 bedrooms and 1 bath. All recently updated. Harwood floors, updated kitchens and baths. All units have separate gas and electric meters. Tenants pay their own gas and electric. Basement with coin laundry and storage. Parking spaces in the rear. Low maintenance building with a steady cash flow.
  1. Listed by Ronald Ohr • Avenue 1 Realty Group

Property Details for 5228 West Belmont Avenue

Area
CHI - Portage Park
Township
Jefferson
Zoning
OTHER
LISTING UPDATED: 01/15/2025 12:07 AM

Property Details for 5228 West Belmont Avenue

StatusActive
MLS #12266463
Days on Market7
Taxes$6,963 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1926
Lot Size0.09 AC / 3,750 SF
CountyCook County

Building Information for 5228 West Belmont Avenue

Stories2Residences4Year Built1926Lot Size0.09 AC / 3,750 SF

Property Information for 5228 West Belmont Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Frontage Type: City Street, Public Road
  • Geographic Locale: Chicago Northwest
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air, Office Only
  • Electric: Service - 101 to 200 Amps
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 3
  • Misc Inside: Storage Inside,Basement
  • # Of Dryers: 1
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 3
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 30X125
  • Lot Size Square Feet: 3750.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Type: Rubber
  • Fire Protection: Other
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 4732
  • # Of Offices: 1
  • # Of Ranges: 3
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
  • MRD_UNC: No
Property and Assessments
  • Public Document Count: 2
  • Document Date: 2025-01-09T18:32:07
  • Photos Count: 8
Miscellaneous
  • Current Use: Commercial
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: $2,250.00
  • Gross Income: $5,046.00
  • Gross Scheduled Income: $62,340.00
  • Insurance Expense: $2,385.00
  • Expense Year: 2024
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Owner Projection
  • Other Expense Source: Broker Projection
  • Total Monthly Income: 5195
  • Operating Expense: $15,293.00
  • Other Expense: $6,081.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 5228 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 5228 West Belmont Avenue

Taxable ValueLand$9,375Additions$23,625Total$33,000
Tax Record2022$6,788 ($566 / month)
Home Facts
Baths2.5Total Finished SqFt4,732 SqFtAbove Grade Finished SqFt4,732 SqFtStories2Lot Size3,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyCOOKAPN13-21-330-028

Schools near 5228 West Belmont Avenue

This home is within Chicago Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - 7 to 12
Public - 9 to 12
Rating
School
Distance
Camras Elementary School
PublicPK to 8

Foreman High School
Public9 to 12

INTRINSIC CHARTER HIGH SCHOOL
Charter7 to 12

Chicago Academy High School
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.

Neighborhood Map and Transit

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5228 West Belmont Avenue is a mixed use property for sale in Chicago, IL 60641. This property was listed for sale on January 9, 2025 by Avenue 1 Realty Group, it's currently listed at $575,000. It has been on the market for a total of 7 days and was last sold on March 30, 2011. This listing's school district is Chicago Public Schools. Nearby schools include Camras Elementary School, Foreman High School and INTRINSIC CHARTER HIGH SCHOOL. 5228 West Belmont Avenue is a 0-bed, 0-bath, mixed use property built in 1926.

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 Avenue 1 Realty Group

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 01/15/2025 12:07 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.