2329 W Belmont AVE Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60618
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 6,750 sqft
Price per Sqft $188
MLS Listing ID 12265021
Year Built 1895
Annual Tax Amount $15,723
Tax Year 2023
Lot Dimensions 71.76' X 101.4'
Property Sub-Type Mixed Use
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
Location
State IL
County Cook
Area Chi - North Center
Interior
Cooling Central Air,Central Individual
Flooring Wood
Fireplace N
Exterior
Roof Type Membrane
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Block,Frame