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1148 W Belmont Avenue

Chicago, IL 60657
  • $1,300,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 11296601
UPDATED: 65 min ago
$1,300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1887
County:

School Ratings & Info

Description

COMPLETELY RENOVATED AND LEASED 5-unit building in the highly sought after Chicago Lakeview neighborhood. This building has been meticulously maintained and updated by the current longtime owners. The property consists of (1) storefront occupied by the same tenant for many years. Lease expires in September 2022. Tenant would love to renew, (3) 2 Bed 1 Bath units, and (1) 3 Bed 2 Bath duplex. Additional income from 2 garage spots. Tenants pay all utilities. CHECK OUT THE AVAILABLE YOUTUBE TOURS ON A COUPLE OF THE UNITS. THIS IS PART OF A PORTFOLIO WITH 3 OTHER BUILDINGS. THEY CAN BE BOUGHT TOGETHER OR INDIVIDUALLY. YOU DON'T WANT TO PASS THESE BUILDINGS UP! NOTHING TO DO BUT COLLECT RENTS.******* CAPITAL IMPROVEMENTS INCLUDE; FURNACE/AC: 1R & 2R (2018), 3R (2015), 2F (2017), SF (2014). WINDOWS: 1R (2019), 3R (2015), 2F (2017). BATHROOM REHAB: 1R & 2R (2020), 3R (2015), 2F (2021). KITCHEN REHAB: 1R (2020), 3R (2015), 2F (2015). NEW MICROWAVE 2R (2020). ROOF (2015 HALF). WATER HEATERS: 2R (2018), 3R (2015), SF (2015). *******All the units have Central A/C and Heat (tenants pay heat) - Hardwood floors throughout - Laundry - Dishwasher - New windows - Recessed lighting*****CHECK ADDITIONAL INFO TAB******REVENUE HISTORY, RENT ROLL, EXPENSES, CAPITAL IMPROVEMENTS, AREA/PROPERTY ECONOMIC & FINANCIAL ANAYLSIS*****

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© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2022-01-18T14:00:43.15 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1148 W Belmont Avenue Chicago, IL 60657

  • Price: $1,300,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 65 min ago
  • MLS #: 11296601
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1887
Built
Neighborhood:
Chi - Lake View
County:
Cook
Area:
Chi - Lake View
Property Description
COMPLETELY RENOVATED AND LEASED 5-unit building in the highly sought after Chicago Lakeview neighborhood. This building has been meticulously maintained and updated by the current longtime owners. The property consists of (1) storefront occupied by the same tenant for many years. Lease expires in September 2022. Tenant would love to renew, (3) 2 Bed 1 Bath units, and (1) 3 Bed 2 Bath duplex. Additional income from 2 garage spots. Tenants pay all utilities. CHECK OUT THE AVAILABLE YOUTUBE TOURS ON A COUPLE OF THE UNITS. THIS IS PART OF A PORTFOLIO WITH 3 OTHER BUILDINGS. THEY CAN BE BOUGHT TOGETHER OR INDIVIDUALLY. YOU DON'T WANT TO PASS THESE BUILDINGS UP! NOTHING TO DO BUT COLLECT RENTS.******* CAPITAL IMPROVEMENTS INCLUDE; FURNACE/AC: 1R & 2R (2018), 3R (2015), 2F (2017), SF (2014). WINDOWS: 1R (2019), 3R (2015), 2F (2017). BATHROOM REHAB: 1R & 2R (2020), 3R (2015), 2F (2021). KITCHEN REHAB: 1R (2020), 3R (2015), 2F (2015). NEW MICROWAVE 2R (2020). ROOF (2015 HALF). WATER HEATERS: 2R (2018), 3R (2015), SF (2015). *******All the units have Central A/C and Heat (tenants pay heat) - Hardwood floors throughout - Laundry - Dishwasher - New windows - Recessed lighting*****CHECK ADDITIONAL INFO TAB******REVENUE HISTORY, RENT ROLL, EXPENSES, CAPITAL IMPROVEMENTS, AREA/PROPERTY ECONOMIC & FINANCIAL ANAYLSIS*****
Exterior Features

Parking Total 2

Interior Features

Cooling Central AirCentral Individual Heat Ventilation Central Heat/Indiv Controls

Property Features

Additional Parcels YN No Approximate Age Older Built Before1978 YN Yes Current Use Commercial Electric Circuit BreakersSeparate Meters Fire Protection Carbon Monoxide Detector(S) Geographic Locale Chicago North Gross Income 115080 Gross Scheduled Income 115080 Insurance Expense 3689 Location CornerMixed Use AreaPublic Transport Avail Net Operating Income 78485 Number Of Tenants 5 Operating Expense 28760 Ownership Types Limited Liability Corp Possible Use CommercialMulti-Family Rental Price 22.94 Tax Annual Amount 20870.5 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 9590 Type Mixed Use Zoning Multi

Listing information © 2022 Midwest Real Estate Data LLC.
Listing provided courtesy of Keller Williams Onechicago.


© 2022 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2022-01-18T14:00:43.15 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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