3575 Belden AveChicago, IL 60647

Property Details for 3575 Belden Ave

Year built

1912

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

2,100 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

13-35-209-003

APU

1335209003

Description

This exceptional multi-unit property in Chicago's desirable Cook County (zip code 60647) presents a unique investment opportunity. Situated on a double lot spanning 6,174 square feet (approximately 49x126), this property comprises three units across three stories in two buildings, offering a blend of modern luxury and historical charm. Originally built in 1910 and extensively renovated in 2002 by Architect Carlos Concepcion, the property boasts a stunning open floor plan with a two-sided wood-burning fireplace separating the dining and living areas. The modern kitchen offers views of both the living space and the outdoor areas. A covered deck and a large concrete paver patio provide ample space for entertaining. The property includes a two-story coach house with a two-car garage, formerly a dairy, offering versatile potential uses. Currently operating as a registered Airbnb and artist studio, the property enjoys 100% occupancy. Recent upgrades include new water heaters (2015), AC (2024), and a basement furnace (2024), along with all main house appliances replaced within the last five years. The lower unit can be maintained as a separate rental or integrated into the main residence. This meticulously maintained property offers a rare combination of modern amenities, historical character, and high rental income potential, making it an ideal investment for both owner-users and investors. Some furnishings are negotiable. Asking price: $1,599,000.

• CAP approach

  CAP return

  Valuation

  6%

  $783,847

  6.5%

  $723,551

  7%

  $671,869

• Comparable approach

  Method

  Valuation

  Relative Method

  $423,964

  Geo Method

  $423,964

• Alternative Use

  Use

  Valuation

  Residential

  $723,551

  Hospitality

  $662,769

  Educational

  $551,416

  Medical

  $570,380

  Retail

  $857,758

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9225

Longitude

-87.7166

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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