$990,000
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7107 W Belmont AVE Chicago, IL 60634
8,000 SqFt
Key Details
Sold Price $990,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $123
MLS Listing ID 11426772
Sold Date 01/27/23
Year Built 1960
Annual Tax Amount $13,650
Tax Year 2020
Lot Dimensions 97X256X52X45X136
Property Sub-Type Mixed Use
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.
Location
State IL
County Cook
Area Chi - Montclare
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Structure Type Brick
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Bought with Kathryn Festen of Baird & Warner Real Estate - Algonquin
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