5358 West Belmont Avenue
5358 West Belmont Avenue
$715,000
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Description
Discover an iconic mixed-use building situated at the bustling intersection of Belmont and Long. Existing tenants include a vibrant dance studio and a prominent insurance company on the 1st floor, ensuring immediate income. With a current occupancy rate of 50%, this prime property offers an excellent opportunity for prospective owners. The available space can be utilized for a variety of purposes, catering to professions such as dentistry, chiropractic services, accounting, legal practices, and more....Discover an iconic mixed-use building situated at the bustling intersection of Belmont and Long. Existing tenants include a vibrant dance studio and a prominent insurance company on the 1st floor, ensuring immediate income. With a current occupancy rate of 50%, this prime property offers an excellent opportunity for prospective owners. The available space can be utilized for a variety of purposes, catering to professions such as dentistry, chiropractic services, accounting, legal practices, and more. Seize the chance to customize the space for your own business needs or explore the potential for generating additional income by converting it for alternative uses. The once-used radio station office space can be transformed back into 2 spacious residential apartments, while the office space overlooking Belmont Ave. could be used as additional office space or become a 3rd apartment. Convenient location with easy access to amenities, public transportation, street parking, and a 2-car garage. An investor's dream or an entrepreneur's canvas, this property is brimming with potential. The estimated ARV is $1.4M with $135k annual income. Real estate taxes can be appealed once residential tenants are established. So don't miss out! Cash offers welcome.
- Listed by Mark Latuszek • Weichert Realtors Ambassador
Property Details for 5358 West Belmont Avenue
Area
CHI - Portage Park
TownshipJefferson
ZoningCOMMR
Location
LISTING UPDATED: 03/19/2024 12:08 AM
Property Details for 5358 West Belmont Avenue
Status | Active |
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MLS # | 12003050 |
Days on Market | 81 |
Taxes | $36,572 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1966 |
Lot Size | 0.16 AC / 7,125 SF |
County | Cook County |
Location
Building Information for 5358 West Belmont Avenue
Stories-Residences5Year Built1966Lot Size0.16 AC / 7,125 SF
Payment Calculator
$6,950 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5358 West Belmont Avenue
Property History for 5358 West Belmont Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5358 West Belmont Avenue
Taxable ValueLand$32,062Additions$149,808Total$181,870
Tax Record2022$37,407 ($3,117 / month)
Home Facts
Total Finished SqFt10,800 SqFtAbove Grade Finished SqFt10,800 SqFtStories2Lot Size7,125 SqFtStyleMiscellaneous CommercialYear Built1966CountyCOOKAPN13-21-329-021
Schools near 5358 West Belmont Avenue
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Camras Elementary School PublicPK to 8 | ||
Foreman High School Public9 to 12 | ||
Chicago Academy High School Public9 to 12 | ||
Chicago Academy Elementary School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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