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2858 W Belmont Avenue

Chicago, IL 60618
  • $3,250,000
  • STATUS: Active Under Contract
  • ON SITE: 212 Days
  • MLS #: 11391500
Under Contract
UPDATED: 17 min ago
$3,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2019
County:

School Ratings & Info

Description

This proportion is a unique newer construction property in the heart of "up-and-coming" Avondale. This 2018/2019 property boasts 6 beautiful large units with 6 parking spots. There are 2x 3-bedroom 2-bath duplex up with private balconies on the rooftop and balcony off the bedroom, 2x 3-bedroom 2-bath units on the second floor with private balconies off the back, and 2x 4-Bedroom 3-bath duplex down with balconies off the back as well as extra storage. Each unit consists of 12-foot ceilings, condo-quality finishes at every level, attention to detail for maximizing storage space, private balconies, larger than average bedroom sizes, and open floor plans, everything tenants are looking for in new construction units. Units rent quickly and show extremely well. There are 4 garage parking spots with 2 private pads in the back. 4 of the 6 will expire in late 2023. Tenants are a 3-minute drive from I-90 with easy access North & South. They are one block away from Elston to head to and from the city. Street parking is free on side streets. Avondale is known for having that suburban feel but still being in the city. This is a great opportunity to own a larger-sized property and perfect for a new investor, out-of-state 1031 exchange buyer, or suburban investor breaking into the city.

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-01T22:59:10.88 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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2858 W Belmont Avenue Chicago, IL 60618

  • Price: $3,250,000
  • Status: Active Under Contract
  • On Site: 212 Days
  • Updated: 17 min ago
  • MLS #: 11391500
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2019
Built
Neighborhood:
Chi - Avondale
County:
Cook
Area:
Chi - Avondale
Property Description
This proportion is a unique newer construction property in the heart of "up-and-coming" Avondale. This 2018/2019 property boasts 6 beautiful large units with 6 parking spots. There are 2x 3-bedroom 2-bath duplex up with private balconies on the rooftop and balcony off the bedroom, 2x 3-bedroom 2-bath units on the second floor with private balconies off the back, and 2x 4-Bedroom 3-bath duplex down with balconies off the back as well as extra storage. Each unit consists of 12-foot ceilings, condo-quality finishes at every level, attention to detail for maximizing storage space, private balconies, larger than average bedroom sizes, and open floor plans, everything tenants are looking for in new construction units. Units rent quickly and show extremely well. There are 4 garage parking spots with 2 private pads in the back. 4 of the 6 will expire in late 2023. Tenants are a 3-minute drive from I-90 with easy access North & South. They are one block away from Elston to head to and from the city. Street parking is free on side streets. Avondale is known for having that suburban feel but still being in the city. This is a great opportunity to own a larger-sized property and perfect for a new investor, out-of-state 1031 exchange buyer, or suburban investor breaking into the city.
Exterior Features

Outdoor Parking 1-5 Spaces Parking Total 6 Roof Structure Flat

Interior Features

Cooling Central Air Fireplaces Total 6 Heat Ventilation Central Heat/Indiv Controls Number Of Dishwashers 6 Number Of Dryers 6 Number Of Ranges 6 Number Of Washers 6

Property Features

Additional Parcels YN No Approximate Age New Construction Building Area Total 10200 Built Before1978 YN No Contingency Financing Continue To Show Yes Electric Service - 101 To 200 Amps Gross Income 264000 Gross Scheduled Income 264000 Insurance Expense 4120 Maintenance Expense 12100 Mls Actual Status Contingent Net Operating Income 190412 Operating Expense 73588 Tax Annual Amount 41386 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 22000 Type Multi Family 5+

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of S Hansen Realty Inc.: 773-477-4455.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Rossi and Taylor Realty Group. Based on information submitted to the MRED as of 2022-12-01T22:59:10.88 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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