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7107 W Belmont Avenue

Chicago, IL 60634
  • $990,000
  • STATUS: Active Under Contract
  • ON SITE: 181 Days
  • MLS #: 11426768
Under Contract
UPDATED: 81 min ago
$990,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

Description

Coldwell Banker Commercial Realty is pleased to exclusively present this fully occupied 8000 SF mixed use asset consisting of (6) retail/office/apartments with long-term tenants in place. The brick building is located on high traffic Belmont Ave, seeing 17,614 VPD with 3 different entrances. Recent renovations include a new front entrance with 3 storefront windows off of Belmont, making two total storefronts. The building houses 3 medical practices, a pharmacy, a health insurance office, & a residential unit. The property features a private parking lot in back with a total of 26 spaces with additional parking in front along Belmont, 10 gas meters, separate electric meters, & a CTA bus stop in front of the building. Positioned in a vibrant submarket with businesses all around, this opportunity is low maintenance & will continue to generate positive cash flow for the savvy investor with value add in the raising of the rents & potential divisibility of the units for up to a total of 11 units.

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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 2022-12-04T22:57:42.113 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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7107 W Belmont Avenue Chicago, IL 60634

  • Price: $990,000
  • Status: Active Under Contract
  • On Site: 181 Days
  • Updated: 81 min ago
  • MLS #: 11426768
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1960
Built
Neighborhood:
Chi - Montclare
County:
Cook
Area:
Chi - Montclare
Property Description
Coldwell Banker Commercial Realty is pleased to exclusively present this fully occupied 8000 SF mixed use asset consisting of (6) retail/office/apartments with long-term tenants in place. The brick building is located on high traffic Belmont Ave, seeing 17,614 VPD with 3 different entrances. Recent renovations include a new front entrance with 3 storefront windows off of Belmont, making two total storefronts. The building houses 3 medical practices, a pharmacy, a health insurance office, & a residential unit. The property features a private parking lot in back with a total of 26 spaces with additional parking in front along Belmont, 10 gas meters, separate electric meters, & a CTA bus stop in front of the building. Positioned in a vibrant submarket with businesses all around, this opportunity is low maintenance & will continue to generate positive cash flow for the savvy investor with value add in the raising of the rents & potential divisibility of the units for up to a total of 11 units.
Exterior Features

Exterior Building Type Brick Frontage Type City Street Outdoor Parking 19-30 SpacesPrivate Lot Parking Total 26

Interior Features

Cooling Central Individual Heat Ventilation Ceiling UnitsCentral Heat/Indiv ControlsForced AirGas Number Of TLDocks 0

Property Features

Additional Parcels YN Yes Approximate Age New Rehab Building Area Total 8000 Built Before1978 YN Yes Contingency Attorney/Inspection Continue To Show Yes Electric Circuit BreakersSeparate Meters Fire Protection Fire Extinguisher/SCarbon Monoxide Detector(S) Geographic Locale Chicago Northwest Gross Income 139800 Gross Scheduled Income 139800 Leasable Area 0 Mls Actual Status Contingent Net Operating Income 107480 Number Of Tenants 6 Operating Expense 25330 Property Offered For Sale Only Tax Annual Amount 13650 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 11650 Type Office/Tech Zoning Commr

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 773-631-8300.


© 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 2022-12-04T22:57:42.113 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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