Lakeview 9 Unit Greystone Mixed Use FOR SALE 1137 W Belmont Ave 9 Unit Apartment Building $1,625,000 ($180,556/Unit) 7.41% Cap Rate Chicago, IL 60657

Three Story, Mixed Use Building in Lakeview on Belmont, just West of Racine. Perfect Owner/User Investment property with 8 income producing apartments and a recently vacant commercial space on the first level (2000 sf). First level features a former nail salon/school with a full, unfinished basement below. Second and third floor features eight residential apartments, six Studios, one 1BD/1BA and one 2BD/1BA. Most of the units have been updated, except 2D, which can be converted from 1BD to a 2BD and can increase the current income, similar to 3D. Utilities are separately metered, renters pay for gas and electric; Updated copper around entire building January 2021 ($75k); Roof was replaced in 2009. Fantastic high traffic neighborhood, walk to Wrigley Field, Lake Michigan or steps from the train station. 0.2 Miles to the Belmont Red/Brown/Purple line train station, multiple bus stops and Divvy stations plus close access to the Expressway and Lakeshore Drive. Area tenants include: Great American Bagel, Chipotle, Chicago Tattoo & Piercing Co, 7-Eleven, Bittersweet Pastry Shop & Café, Ukai Sushi, Giordano’s, Cheesies, The Vic Theatre, Matilda-babyATLAS, Oberweis Ice Cream and Dairy Store plus much more!