3110 W Belmont
3110 W Belmont,
Chicago, IL 60618
 
$3,195,000
Price
10.56
GRM
$399,375
Price Per Unit
8
Number of Units
7.04%
Cap Rate
16,234
Building SF
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$3,195,000
Price
10.56
GRM
$399,375
Price Per Unit
8
Number of Units
7.04%
Cap Rate
16,234
Building SF
Executive Summary
This beautifully maintained 2008 brick 8-unit mixed-use building is located in the vibrant Avondale neighborhood of Chicago, with easy access to the expressway and CTA Blue Line. The property includes six expansive, full-floor 3-bed/2-bath apartments, each about 2,000 SF, featuring high-end finishes like fireplaces, granite countertops, stainless steel appliances, and private balconies. Two retail spaces are leased to established medical tenants with long-term leases, providing stable income. Fully occupied, the building offers opportunities to raise rents and add rooftop decks with downtown skyline views. Additional amenities include indoor parking for six cars and an elevator. An excellent investment opportunity.
Location
Located in the Avondale neighborhood of Chicago, IL, a vibrant, rapidly growing area on the city’s northwest side. This location offers a mix of residential and commercial spaces, reflecting the area's diverse character. Convenient access to major roads such as I-90/94 (Kennedy Expressway), making commutes to downtown Chicago and other parts of the city easy. Proximity to public transportation, including Belmont Blue Line station and various bus routes. Neighborhood Vibe: Avondale is known for its eclectic mix of cafes, restaurants, and boutique shops, with a blend of traditional local businesses and newer, trendier spots. Logan Square is nearby, known for its artistic and cultural scene, adding to the appeal of the location. Parks & Recreation: Close to green spaces like Kosciuszko Park and Brands Park, providing outdoor recreation opportunities. Surrounded by grocery stores, gyms, and entertainment options within walking distance or a short drive. The area offers a walkable, urban feel with easy access to daily necessities and leisure activities. This location balances urban living with community charm, making it a desirable spot for residents seeking proximity to downtown without sacrificing neighborhood warmth.
FOR MORE DETAILS CONTACT
Tyler Weekes
(708) 400-0171
tylerjamesweekes@gmail.com
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