5358 West Belmont Avenue

Chicago, IL 60641

$715,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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.
  1. Listed by Mark Latuszek • Weichert Realtors Ambassador

Property Details for 5358 West Belmont Avenue

Area
CHI - Portage Park
Township
Jefferson
Zoning
COMMR

Location

Listing Courtesy of Weichert Realtors Ambassador
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LISTING UPDATED: 03/19/2024 12:08 AM

Property Details for 5358 West Belmont Avenue

StatusActive
MLS #12003050
Days on Market81
Taxes$36,572 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1966
Lot Size0.16 AC / 7,125 SF
CountyCook County

Location

Listing Courtesy of Weichert Realtors Ambassador
Add your commute

Building Information for 5358 West Belmont Avenue

Stories-Residences5Year Built1966Lot Size0.16 AC / 7,125 SF

Payment Calculator

$6,950 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,902

Property Taxes

$3,048

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5358 West Belmont Avenue

General Information
Location and General Information
  • Frontage Type: City Street
  • Geographic Locale: Chicago Northwest
  • Information: List Broker Must Accompany,48-Hr Notice Required,Other-See Remarks,No Sign on Property
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Separate Meters
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 2
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 57 X 125
  • Lot Size Square Feet: 7125.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: None
  • Roof Structure: Flat
  • Building Area Total: 10800
  • # Of Offices: 3
  • # Of Stores: 2
Property and Assessments
  • Public Document Count: 3
  • Document Date: 2024-03-13T15:07:15
  • Photos Count: 37
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $64,800.00
  • Gross Scheduled Income: $64,800.00
  • Insurance Expense: $.00
  • Total Annual Expense Source: Owner Projection
  • Total Monthly Income: 5400
  • Net Operating Income: $.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 5358 West Belmont Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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5358 West Belmont Avenue is a mixed use property for sale in Chicago, IL 60641. This property was listed for sale on March 13, 2024 by Weichert Realtors Ambassador, it's currently listed at $715,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Camras Elementary School, Foreman High School and Chicago Academy High School. 5358 West Belmont Avenue is a 0-bed, 0-bath, mixed use property built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Weichert Realtors Ambassador

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Based on information submitted to the MLS GRID as of 03/19/2024 12:08 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.