$91.92 Per Sq Foot $6,168 est/mo Sourced by Back At You

3735 W Belmont Avenue,Chicago, IL 60618

Chicago IL, 60618

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Description

Excellent investment opportunity to purchase one of the last heavy timber buildings in the Avondale area. This 2 story building is in great condition, plenty of power and has 15" clear ceiling height. The property has been up-zoned to a B3-3 classification creating increased value ready for a future condo or apartment development. There is a side driveway for access and parking. Rents are below market value and should be increased based on the strong commercial market and new construction in the area. 2 tenants have short term leases in place. Area tenant base includes Sleeping Village Bar, Chicago Strength gym, The Avondale Tap, PNC Bank, Dunkin Donuts and many more. Close proximity to I-90 and the blue line/Belmont bus with great connectivity to O'Hare. Belmont Ave's VPD is 21,000.

Details

MLS#11955201
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive Under Contract
Year1950
Days On Site118
Listing Provided ByNelly Corp Realty | Anthony Schillaci

Features

SQ Feet12,500
Story(s)2
Units2
ZoningCOMMR

Market Activity 60618

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Listings Checked: 2 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60618
AreaCHI - Avondale
Listing VS Median (in 60618)
Price:
$1,149,000
low | high
Med:
$564,900
100% of Average
SqFt:
12,500
low | high
Med:
2,550
100% of Average
$ / SqFt:
$92
low | high
Med:
$222
91.713305450795% of Average
On Site:
118
low | high
Med:
16.000000
100% of Average
Sourced by Back At You
Listing Updated: May 1, 2024 at 11:19:58 PM PDT