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3523-3525 W Belmont Ave 700 SF Retail Condo Units Offered at $128,400 - $130,000 Per Unit in Chicago, IL 60618



Investment Highlights
- Two retail condos totaling 1,400 SF in a 14-unit mixed-use building in Avondale’s Belmont/Kimball corridor
- 3523 W Belmont (700 SF) leased—provides in-place income with upside and lease flexibility
- Steps from Walgreens, ALDI, Dunkin’, and major national retailers at Belmont & Kimball
- 3525 W Belmont (700 SF) delivered vacant—ideal for owner-user or investor seeking immediate occupancy
- High-visibility Belmont Ave location with 17,000+ VPD and strong pedestrian traffic
- Minutes to I-90/94, CTA Blue Line, and multiple bus routes; Walk Score 90+
Executive Summary
FOR SALE | PRIME RETAIL CONDOMINIUMS 3523 & 3525 W Belmont Ave, Chicago, IL 60618?Avondale | Belmont & Kimball Corridor KW Commercial is pleased to present the opportunity to acquire two retail storefront condominiums located at 3523 & 3525 W Belmont Ave, positioned within a professionally managed 14-unit mixed-use building in the heart of Avondale’s rapidly evolving Belmont/Kimball corridor. Strategically situated at the intersection of Belmont Ave & Drake Ave, this offering provides a compelling combination of in-place income and owner-user flexibility, with one unit now delivered vacant and available for immediate occupancy. PROPERTY OVERVIEW Total Retail Size: ±1,400 SF (±700 SF each unit) Zoning: C1-1 (Neighborhood Commercial District) Configuration: Two individual retail condominiums Building: 14-unit mixed-use (residential over retail) HVAC: Separate, in-unit systems for each space Ownership Structure: Condo ownership (low maintenance, efficient operations) INVESTMENT HIGHLIGHTS Owner-User Opportunity (Vacant Unit) 3525 W Belmont Ave delivered vacant - Ideal for owner-occupiers, boutique retailers, service users, or office users - Ability to offset occupancy costs with income from adjacent leased unit - Brand new buildout In-Place Income (Stabilized Unit) - 3523 W Belmont Ave occupied by an established tenant - Provides immediate cash flow with upside potential - Ideal structure for live/work investors or passive ownership - Month-to-month lease structure; tenant may sign long lease LOCATION ADVANTAGES - High-Exposure Belmont Corridor - Positioned on Belmont Ave, a major east-west arterial with strong vehicle and pedestrian traffic - Estimated 17,000+ vehicles per day - Excellent storefront visibility and signage potential Steps from Belmont & Kimball Intersection Located just steps from one of Avondale’s most active retail intersections, surrounded by national and regional anchors including: - Walgreens - ALDI - Dunkin’ - Subway - Five Below - T.J. Maxx - Bank of America - Shell - Plus more... This node continues to attract national tenancy and retail reinvestment, strengthening long-term value. Transit & Accessibility: - Minutes to I-90/94 Kennedy Expressway - Approximately 2 blocks to CTA Belmont Blue Line Station - Multiple CTA bus routes servicing Belmont Ave - Walk Score: 90+ (Walker’s Paradise) AREA & SUBMARKET Avondale continues to emerge as one of Chicago’s most sought-after neighborhoods for both retail users and investors, driven by: - Ongoing residential density growth - Proximity to Logan Square and Roscoe Village - Increasing retail demand and limited storefront supply - Strong demographic fundamentals and neighborhood revitalization IDEAL FOR - Owner-users seeking high-visibility retail presence - Investors seeking stable income with upside - Hybrid buyers (occupy one / lease one) - Service retail, boutique concepts, medical, office, or creative uses SUMMARY This offering presents a rare opportunity to acquire two contiguous retail condominiums in a high-growth Chicago submarket, combining income stability with owner-user optionality. The newly vacant unit enhances flexibility, making this an ideal acquisition for buyers seeking both control and long-term appreciation in a thriving urban corridor.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
3523 & 3525 W Belmont Ave, Chicago, IL 60618?Avondale | Belmont & Kimball Corridor
KW Commercial is pleased to present the opportunity to acquire two retail storefront condominiums located at 3523 & 3525 W Belmont Ave, positioned within a professionally managed 14-unit mixed-use building in the heart of Avondale’s rapidly evolving Belmont/Kimball corridor.
Strategically situated at the intersection of Belmont Ave & Drake Ave, this offering provides a compelling combination of in-place income and owner-user flexibility, with one unit now delivered vacant and available for immediate occupancy.
PROPERTY OVERVIEW
Total Retail Size: ±1,400 SF (±700 SF each unit)
Zoning: C1-1 (Neighborhood Commercial District)
Configuration: Two individual retail condominiums
Building: 14-unit mixed-use (residential over retail)
HVAC: Separate, in-unit systems for each space
Ownership Structure: Condo ownership (low maintenance, efficient operations)
INVESTMENT HIGHLIGHTS
Owner-User Opportunity (Vacant Unit)
3525 W Belmont Ave delivered vacant
- Ideal for owner-occupiers, boutique retailers, service users, or office users
- Ability to offset occupancy costs with income from adjacent leased unit
- Brand new buildout
In-Place Income (Stabilized Unit)
- 3523 W Belmont Ave occupied by an established tenant
- Provides immediate cash flow with upside potential
- Ideal structure for live/work investors or passive ownership
- Month-to-month lease structure; tenant may sign long lease
LOCATION ADVANTAGES
- High-Exposure Belmont Corridor
- Positioned on Belmont Ave, a major east-west arterial with strong vehicle and pedestrian traffic
- Estimated 17,000+ vehicles per day
- Excellent storefront visibility and signage potential
Steps from Belmont & Kimball Intersection
Located just steps from one of Avondale’s most active retail intersections, surrounded by national and regional anchors including:
- Walgreens
- ALDI
- Dunkin’
- Subway
- Five Below
- T.J. Maxx
- Bank of America
- Shell
- Plus more...
This node continues to attract national tenancy and retail reinvestment, strengthening long-term value.
Transit & Accessibility:
- Minutes to I-90/94 Kennedy Expressway
- Approximately 2 blocks to CTA Belmont Blue Line Station
- Multiple CTA bus routes servicing Belmont Ave
- Walk Score: 90+ (Walker’s Paradise)
AREA & SUBMARKET
Avondale continues to emerge as one of Chicago’s most sought-after neighborhoods for both retail users and investors, driven by:
- Ongoing residential density growth
- Proximity to Logan Square and Roscoe Village
- Increasing retail demand and limited storefront supply
- Strong demographic fundamentals and neighborhood revitalization
IDEAL FOR
- Owner-users seeking high-visibility retail presence
- Investors seeking stable income with upside
- Hybrid buyers (occupy one / lease one)
- Service retail, boutique concepts, medical, office, or creative uses
SUMMARY
This offering presents a rare opportunity to acquire two contiguous retail condominiums in a high-growth Chicago submarket, combining income stability with owner-user optionality. The newly vacant unit enhances flexibility, making this an ideal acquisition for buyers seeking both control and long-term appreciation in a thriving urban corridor.
| Sale Type | Investment |
| Sale Type | Investment |
3523 & 3525 W Belmont Ave, Chicago, IL 60618?Avondale | Belmont & Kimball Corridor
KW Commercial is pleased to present the opportunity to acquire two retail storefront condominiums located at 3523 & 3525 W Belmont Ave, positioned within a professionally managed 14-unit mixed-use building in the heart of Avondale’s rapidly evolving Belmont/Kimball corridor.
Strategically situated at the intersection of Belmont Ave & Drake Ave, this offering provides a compelling combination of in-place income and owner-user flexibility, with one unit now delivered vacant and available for immediate occupancy.
PROPERTY OVERVIEW
Total Retail Size: ±1,400 SF (±700 SF each unit)
Zoning: C1-1 (Neighborhood Commercial District)
Configuration: Two individual retail condominiums
Building: 14-unit mixed-use (residential over retail)
HVAC: Separate, in-unit systems for each space
Ownership Structure: Condo ownership (low maintenance, efficient operations)
INVESTMENT HIGHLIGHTS
Owner-User Opportunity (Vacant Unit)
3525 W Belmont Ave delivered vacant
- Ideal for owner-occupiers, boutique retailers, service users, or office users
- Ability to offset occupancy costs with income from adjacent leased unit
- Brand new buildout
In-Place Income (Stabilized Unit)
- 3523 W Belmont Ave occupied by an established tenant
- Provides immediate cash flow with upside potential
- Ideal structure for live/work investors or passive ownership
- Month-to-month lease structure; tenant may sign long lease
LOCATION ADVANTAGES
- High-Exposure Belmont Corridor
- Positioned on Belmont Ave, a major east-west arterial with strong vehicle and pedestrian traffic
- Estimated 17,000+ vehicles per day
- Excellent storefront visibility and signage potential
Steps from Belmont & Kimball Intersection
Located just steps from one of Avondale’s most active retail intersections, surrounded by national and regional anchors including:
- Walgreens
- ALDI
- Dunkin’
- Subway
- Five Below
- T.J. Maxx
- Bank of America
- Shell
- Plus more...
This node continues to attract national tenancy and retail reinvestment, strengthening long-term value.
Transit & Accessibility:
- Minutes to I-90/94 Kennedy Expressway
- Approximately 2 blocks to CTA Belmont Blue Line Station
- Multiple CTA bus routes servicing Belmont Ave
- Walk Score: 90+ (Walker’s Paradise)
AREA & SUBMARKET
Avondale continues to emerge as one of Chicago’s most sought-after neighborhoods for both retail users and investors, driven by:
- Ongoing residential density growth
- Proximity to Logan Square and Roscoe Village
- Increasing retail demand and limited storefront supply
- Strong demographic fundamentals and neighborhood revitalization
IDEAL FOR
- Owner-users seeking high-visibility retail presence
- Investors seeking stable income with upside
- Hybrid buyers (occupy one / lease one)
- Service retail, boutique concepts, medical, office, or creative uses
SUMMARY
This offering presents a rare opportunity to acquire two contiguous retail condominiums in a high-growth Chicago submarket, combining income stability with owner-user optionality. The newly vacant unit enhances flexibility, making this an ideal acquisition for buyers seeking both control and long-term appreciation in a thriving urban corridor.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 3523 | 700 SF | Retail | $128,400 ($183.43/SF) | - |
| Unit 3525 | 700 SF | Retail | $130,000 ($185.71/SF) | - |
Unit 3523
| Unit Size |
| 700 SF |
| Condo Use |
| Retail |
| Price |
| $128,400 ($183.43/SF) |
| NOI |
| - |
Unit 3525
| Unit Size |
| 700 SF |
| Condo Use |
| Retail |
| Price |
| $130,000 ($185.71/SF) |
| NOI |
| - |
Unit 3523
| Unit Size | 700 SF |
| Condo Use | Retail |
| Price | $128,400 ($183.43/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| 700 square foot retail condo available for sale.</li></ul> | |
| Sale Notes | |
| FOR SALE | PRIME RETAIL CONDOMINIUMS<br> 3523 & 3525 W Belmont Ave, Chicago, IL 60618?Avondale | Belmont & Kimball Corridor<br> <br> <br> KW Commercial is pleased to present the opportunity to acquire two retail storefront condominiums located at 3523 & 3525 W Belmont Ave, positioned within a professionally managed 14-unit mixed-use building in the heart of Avondale’s rapidly evolving Belmont/Kimball corridor.<br> <br> <br> Strategically situated at the intersection of Belmont Ave & Drake Ave, this offering provides a compelling combination of in-place income and owner-user flexibility, with one unit now delivered vacant and available for immediate occupancy.<br> <br> <br> PROPERTY OVERVIEW<br> Total Retail Size: ±1,400 SF (±700 SF each unit)<br> Zoning: C1-1 (Neighborhood Commercial District)<br> Configuration: Two individual retail condominiums<br> Building: 14-unit mixed-use (residential over retail)<br> HVAC: Separate, in-unit systems for each space<br> Ownership Structure: Condo ownership (low maintenance, efficient operations)<br> <br> <br> INVESTMENT HIGHLIGHTS<br> Owner-User Opportunity (Vacant Unit)<br> 3525 W Belmont Ave delivered vacant<br> - Ideal for owner-occupiers, boutique retailers, service users, or office users<br> - Ability to offset occupancy costs with income from adjacent leased unit<br> - Brand new buildout<br> <br> <br> In-Place Income (Stabilized Unit)<br> - 3523 W Belmont Ave occupied by an established tenant<br> - Provides immediate cash flow with upside potential<br> - Ideal structure for live/work investors or passive ownership<br> - Month-to-month lease structure; tenant may sign long lease<br> <br> <br> LOCATION ADVANTAGES<br> - High-Exposure Belmont Corridor<br> - Positioned on Belmont Ave, a major east-west arterial with strong vehicle and pedestrian traffic<br> - Estimated 17,000+ vehicles per day<br> - Excellent storefront visibility and signage potential<br> <br> <br> Steps from Belmont & Kimball Intersection<br> Located just steps from one of Avondale’s most active retail intersections, surrounded by national and regional anchors including:<br> - Walgreens<br> - ALDI<br> - Dunkin’<br> - Subway<br> - Five Below<br> - T.J. Maxx<br> - Bank of America<br> - Shell<br> - Plus more...<br> <br> <br> This node continues to attract national tenancy and retail reinvestment, strengthening long-term value.<br> <br> <br> Transit & Accessibility:<br> - Minutes to I-90/94 Kennedy Expressway<br> - Approximately 2 blocks to CTA Belmont Blue Line Station<br> - Multiple CTA bus routes servicing Belmont Ave<br> - Walk Score: 90+ (Walker’s Paradise)<br> <br> <br> AREA & SUBMARKET<br> Avondale continues to emerge as one of Chicago’s most sought-after neighborhoods for both retail users and investors, driven by:<br> - Ongoing residential density growth<br> - Proximity to Logan Square and Roscoe Village<br> - Increasing retail demand and limited storefront supply<br> - Strong demographic fundamentals and neighborhood revitalization<br> <br> <br> IDEAL FOR<br> - Owner-users seeking high-visibility retail presence<br> - Investors seeking stable income with upside<br> - Hybrid buyers (occupy one / lease one)<br> - Service retail, boutique concepts, medical, office, or creative uses<br> <br> <br> SUMMARY<br> This offering presents a rare opportunity to acquire two contiguous retail condominiums in a high-growth Chicago submarket, combining income stability with owner-user optionality. The newly vacant unit enhances flexibility, making this an ideal acquisition for buyers seeking both control and long-term appreciation in a thriving urban corridor.</li></ul> |
Unit 3525
| Unit Size | 700 SF |
| Condo Use | Retail |
| Price | $130,000 ($185.71/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Stated sale prices apply only if both retail stores are sold together. If sold separately, different pricing will apply.</li></ul> | |
| Sale Notes | |
| FOR SALE | PRIME RETAIL CONDOMINIUMS<br> 3523 & 3525 W Belmont Ave, Chicago, IL 60618?Avondale | Belmont & Kimball Corridor<br> <br> <br> KW Commercial is pleased to present the opportunity to acquire two retail storefront condominiums located at 3523 & 3525 W Belmont Ave, positioned within a professionally managed 14-unit mixed-use building in the heart of Avondale’s rapidly evolving Belmont/Kimball corridor.<br> <br> <br> Strategically situated at the intersection of Belmont Ave & Drake Ave, this offering provides a compelling combination of in-place income and owner-user flexibility, with one unit now delivered vacant and available for immediate occupancy.<br> <br> <br> PROPERTY OVERVIEW<br> Total Retail Size: ±1,400 SF (±700 SF each unit)<br> Zoning: C1-1 (Neighborhood Commercial District)<br> Configuration: Two individual retail condominiums<br> Building: 14-unit mixed-use (residential over retail)<br> HVAC: Separate, in-unit systems for each space<br> Ownership Structure: Condo ownership (low maintenance, efficient operations)<br> <br> <br> INVESTMENT HIGHLIGHTS<br> Owner-User Opportunity (Vacant Unit)<br> 3525 W Belmont Ave delivered vacant<br> - Ideal for owner-occupiers, boutique retailers, service users, or office users<br> - Ability to offset occupancy costs with income from adjacent leased unit<br> - Brand new buildout<br> <br> <br> In-Place Income (Stabilized Unit)<br> - 3523 W Belmont Ave occupied by an established tenant<br> - Provides immediate cash flow with upside potential<br> - Ideal structure for live/work investors or passive ownership<br> - Month-to-month lease structure; tenant may sign long lease<br> <br> <br> LOCATION ADVANTAGES<br> - High-Exposure Belmont Corridor<br> - Positioned on Belmont Ave, a major east-west arterial with strong vehicle and pedestrian traffic<br> - Estimated 17,000+ vehicles per day<br> - Excellent storefront visibility and signage potential<br> <br> <br> Steps from Belmont & Kimball Intersection<br> Located just steps from one of Avondale’s most active retail intersections, surrounded by national and regional anchors including:<br> - Walgreens<br> - ALDI<br> - Dunkin’<br> - Subway<br> - Five Below<br> - T.J. Maxx<br> - Bank of America<br> - Shell<br> - Plus more...<br> <br> <br> This node continues to attract national tenancy and retail reinvestment, strengthening long-term value.<br> <br> <br> Transit & Accessibility:<br> - Minutes to I-90/94 Kennedy Expressway<br> - Approximately 2 blocks to CTA Belmont Blue Line Station<br> - Multiple CTA bus routes servicing Belmont Ave<br> - Walk Score: 90+ (Walker’s Paradise)<br> <br> <br> AREA & SUBMARKET<br> Avondale continues to emerge as one of Chicago’s most sought-after neighborhoods for both retail users and investors, driven by:<br> - Ongoing residential density growth<br> - Proximity to Logan Square and Roscoe Village<br> - Increasing retail demand and limited storefront supply<br> - Strong demographic fundamentals and neighborhood revitalization<br> <br> <br> IDEAL FOR<br> - Owner-users seeking high-visibility retail presence<br> - Investors seeking stable income with upside<br> - Hybrid buyers (occupy one / lease one)<br> - Service retail, boutique concepts, medical, office, or creative uses<br> <br> <br> SUMMARY<br> This offering presents a rare opportunity to acquire two contiguous retail condominiums in a high-growth Chicago submarket, combining income stability with owner-user optionality. The newly vacant unit enhances flexibility, making this an ideal acquisition for buyers seeking both control and long-term appreciation in a thriving urban corridor.</li></ul> |
Property Facts
| Total Building Size | 11,139 SF | Floors | 4 |
| Property Type | Multifamily | Typical Floor Size | 2,785 SF |
| Property Subtype | Apartment | Year Built | 1933 |
| Building Class | C | Lot Size | 0.10 AC |
| Zoning | C1-1, Chicago | ||
| Total Building Size | 11,139 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 2,785 SF |
| Year Built | 1933 |
| Lot Size | 0.10 AC |
| Zoning | C1-1, Chicago |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | - |
Contact the Sale Advisor
3523-3525 W Belmont Ave
