1722 Belmont AveChicago, IL 60657

Property Details for 1722 Belmont Ave

Year built

2016

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

4,885 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

14-19-434-031

APU

1419434031

Description

This 1,200 square foot ground floor retail space is located at 1722 West Belmont Avenue in Chicago's vibrant Lakeview neighborhood. The property is a single-tenant space ideal for a variety of businesses. Features include high ceilings and exposed ductwork, adding character and visual appeal. Functionality is enhanced by the inclusion of storage rooms, an ADA-compliant washroom, and a dedicated HVAC room. The location offers excellent accessibility, with proximity to major intersections and public transportation. The #77 Belmont bus route provides convenient access, and the Blue, Red, Purple, and Brown CTA lines are also easily accessible, expanding the potential customer base and simplifying employee commutes. Metered street parking is available on Belmont Avenue for customers arriving by car. This property presents a compelling opportunity for businesses seeking a well-located, functional, and accessible space within a bustling Chicago neighborhood. The lot size is 1,200 square feet, situated in Cook County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,188,760

  6.5%

  $2,020,390

  7%

  $1,876,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $744,437

  Geo Method

  $744,437

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,315,240

  Retail / Commercial

  $1,684,020

  Mixed-Use / Specialty

  $1,665,400

  Hospitality / Lodging

  $1,205,420

  Office

  $1,642,360

  Institutional / Educational

  $1,726,830

  Multifamily

  $2,493,120

  Automotive / Energy

  $1,480,140

  Parking / Income-Based Land

  $523,249

  Restaurant / Food Service

  $839,248

  Healthcare / Senior Housing

  $1,720,780

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9399

Longitude

-87.6721

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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