$2,250,000
1722 W Belmont Avenue
Chicago, IL, 60657
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.
Property Details
Price:
$2,250,000
MLS #:
MRD12289009
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
1722 W Belmont Avenue
Type:
Commercial
Subtype:
Apts/Stores
Neighborhood:
CHI – Lake View
City:
Chicago
Listed Date:
Feb 11, 2025
State:
IL
Finished Sq Ft:
6,200
Total Sq Ft:
6,200
ZIP:
60657
Year Built:
2015
Schools
Interior
Cooling
Central Air, Central Individual
Fireplaces Total
3
Exterior
Construction Materials
Brick, Block
Financial
Tax Year
2023
Taxes
$26,043
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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1722 W Belmont Avenue
Chicago, IL
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