2301 Belmont AveChicago, IL 60618

Property Details for 2301 Belmont Ave

Year built

2001

Lot size

0.14 AC

Property type

Office properties

APN

14-30-100-038-1001

APU

14301000381001

Description

This exceptional 6,200 square foot, two-story commercial condo, built in 2001 and renovated in 2021, is located at 2301 West Belmont Avenue, Chicago, IL, 60618, near Oakley Ave. Zoned C1-1, this single-tenant space boasts a fully built-out professional/medical office layout, perfect for a variety of businesses. The property includes ample on-site parking, benefiting from high foot and vehicle traffic. Its prime location offers easy access to public transportation and is conveniently situated near the Chicago Police District/Municipal Courts. The 200-amp service ensures seamless commercial operations. Modern amenities and an efficient layout contribute to tenant comfort and operational efficiency. This property presents a unique opportunity to establish a thriving business in a vibrant and accessible urban setting, surrounded by diverse dining and retail options. The APN is 14-30-100-038-1001, 14-30-100-038-1002.

• CAP approach

  CAP return

  Valuation

  6%

  $1,867,206

  6.5%

  $1,723,574

  7%

  $1,600,462

• Comparable approach

  Method

  Valuation

  Relative Method

  $807,941

  Geo Method

  $807,941

• Alternative Use

  Use

  Valuation

  Residential

  $2,137,232

  Hospitality

  $1,957,693

  Educational

  $1,628,778

  Medical

  $1,684,794

  Retail

  $2,533,654

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9392

Longitude

-87.6858

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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