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2732 W Belmont Ave 2 Unit Apartment Building Offered at $1,500,000 Chicago, IL 60618
INVESTMENT HIGHLIGHTS
- 75x120 Triple Lot w/75' of frontage on Belmont Ave in a premier Avondale location
- Huge 1,800 sqft All Brick original carriage house/garage w/16.5' ceiling height offering extensive/creative use potential
- Stabilized All Brick 2-Unit building updated to modern standards and fully renovated with contemporary condo quality finishes
EXECUTIVE SUMMARY
Incredibly Rare opportunity to own this multifaceted one-of-a-kind property with unmatched potential and
versatility offering a fully Stabilized All Brick 2-Unit building updated to modern standards and fully renovated with
contemporary condo quality finishes + a Huge 1,800 sqft All Brick original carriage house/garage w/16.5' ceiling height
offering extensive/creative use potential + an expansive private parking lot all on a 75x120 Triple Lot w/75' of frontage on
Belmont Ave in a Premier Avondale location just east of the California/Elston intersection and just west of the River; Brick 2-
flat fully renovated in 2019 featuring (2) full floor 3 bedroom / 1 bath units w/large living rooms w/bay windows &separate
dining areas leading to contemporary white crowned shaker/granite/S/S kitchens w/plentiful cabinetry/storage, stone
baths w/walk-in showers, generously sized bedrooms, pre-engineered wood floors throughout, in-unit laundry, central
heat/A/C &private outdoor deck space + common ground floor patio; Full unfinished basement w/7.5' ceiling height offering
additional unit/duplex buildout potential or keep as storage; Original carriage house/garage with extensive use (M1 zoning)
potential including workshop, studio, retail, event or storage and huge 50x90 side lot fronting Belmont just waiting for your
ideas; A rare opportunity for stabilized cash flow coupled with creative user/investor potential; Come Tour!
versatility offering a fully Stabilized All Brick 2-Unit building updated to modern standards and fully renovated with
contemporary condo quality finishes + a Huge 1,800 sqft All Brick original carriage house/garage w/16.5' ceiling height
offering extensive/creative use potential + an expansive private parking lot all on a 75x120 Triple Lot w/75' of frontage on
Belmont Ave in a Premier Avondale location just east of the California/Elston intersection and just west of the River; Brick 2-
flat fully renovated in 2019 featuring (2) full floor 3 bedroom / 1 bath units w/large living rooms w/bay windows &separate
dining areas leading to contemporary white crowned shaker/granite/S/S kitchens w/plentiful cabinetry/storage, stone
baths w/walk-in showers, generously sized bedrooms, pre-engineered wood floors throughout, in-unit laundry, central
heat/A/C &private outdoor deck space + common ground floor patio; Full unfinished basement w/7.5' ceiling height offering
additional unit/duplex buildout potential or keep as storage; Original carriage house/garage with extensive use (M1 zoning)
potential including workshop, studio, retail, event or storage and huge 50x90 side lot fronting Belmont just waiting for your
ideas; A rare opportunity for stabilized cash flow coupled with creative user/investor potential; Come Tour!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,500,000 | Lot Size | 0.21 AC |
| Price Per Unit | $750,000 | Building Size | 3,600 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1913/2019 |
| Property Type | Multifamily | ||
| Zoning | M1-1 | ||
| Price | $1,500,000 |
| Price Per Unit | $750,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.21 AC |
| Building Size | 3,600 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1913/2019 |
| Zoning | M1-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Deck
- Dining Room
- Double Pane Windows
- Patio
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | - | 1,100 |
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 13-24-406-033-0000 | Total Assessment | $47,312 |
| Land Assessment | $18,600 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $28,712 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
13-24-406-033-0000
Land Assessment
$18,600
Improvements Assessment
$28,712
Total Assessment
$47,312
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2732 W Belmont Ave
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