Highlights

• Vintage 18 Unit Mixed-Use Building
• Irreplaceable Location at the Corner of Belmont and Broadway
• Completely Gut Rehabbed Building with Condo Quality Units

• In-Unit Laundry and HVAC - 4 Parking Spaces in the Rear
• Advertising Income on New 5 Year Lease

Description

This investment opportunity is a vintage, mixed-use building at the corner of Belmont and Broadway in Chicago's highly-desirable Lakeview neighborhood. The property consists of six retail spaces anchored by North Community Bank and 12, one and two-bedroom apartments. There are four parking spaces in the rear of the building, and a community laundry room and storage area in the basement.

The property has been completely rehabbed. The porches are new and up to Chicago city code; the roof recently received a new layer and the parking lot is new concrete. The apartment units have been remodeled with new kitchens and baths featuring granite countertops and stainless steel appliances. Each unit has a new gas furnace, air conditioning compressor and stackable washer/dryers.

The property has electronic signs on the north and south faces of the building, which can display custom advertisements, and an advertising space on the west face which have all been leased on a new five-year lease.

This turnkey mixed-use property is located at a high-visibility intersection in one of Chicago's most desirable neighborhoods.

The property is located at the high traffic signalized corner of Belmont and Broadway in Chicago's highly desirable East Lakeview neighborhood.