For Sale
$2,350,000

1722 Belmont AveChicago, IL 60657

Chicago 4-unit building, 7.37% cap rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This fully leased, 4-unit mixed-use building in Chicago's Lakeview neighborhood presents a compelling investment opportunity. Built in 2015, the property boasts a 7.37% cap rate and a strong NOI of $173,157. The building comprises three identical 3-bedroom, 2-bathroom residential units, each featuring high-end finishes such as chef's kitchens with granite countertops and stainless steel appliances, hardwood floors, in-unit laundry, and private terraces. The primary bedrooms include stone bathrooms with soaking tubs and heated floors. Each residential unit also includes parking for two cars in a gated, covered area. A ground-floor retail space completes the offering. The property sits on a 3,150 sq ft lot and has a total of 6 parking spaces. All units are currently 100% occupied under gross leases, with tenants responsible for utilities. The building is conveniently located near Whole Foods and the Paulina Brown Line. The property is zoned B3-2 and features a roof deck on the top floor unit with city views. This turnkey investment offers exceptional value and strong potential for future growth. The asking price is $2,350,000. The property's APN is 14194340310000.

Highlights

  • $2,350,000 Asking Price, 7.37% Cap Rate, $173,157 NOI.
  • Four-unit, fully leased apartment building in Chicago's Lakeview neighborhood.
  • Mixed-use property with three 3-bedroom, 2-bathroom residential units and one ground-floor retail space.
  • 100% occupancy with gross lease structure.
  • Built in 2015, situated on a 3,150 sq ft lot with 6 parking spaces.

Property Details for 1722 Belmont Ave

Property type
Mixed-use properties, Apartment buildings
Year Built
2015
Units
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.939640987569
Longitude
-87.672127589302
1722 Belmont Ave, Chicago, Illinois

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1722 Belmont Ave
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