3735 West Belmont Avenue, Chicago, IL

$1,149,000

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About 3735 West Belmont Avenue

Excellent investment opportunity to purchase one of the last heavy timber buildings in the Avondale area. This 2 story building is in great condition, plenty of power and has 15" clear ceiling height. The property has been up-zoned to a B3-3 classification creating increased value ready for a future condo or apartment development. There is a side driveway for access and parking. Rents are below market value and should be increased based on the strong commercial market and new construction in the area. 2 tenants have short term leases in place. Area tenant base includes Sleeping Village Bar, Chicago Strength gym, The Avondale Tap, PNC Bank, Dunkin Donuts and many more. Close proximity to I-90 and the blue line/Belmont bus with great connectivity to O'Hare. Belmont Ave's VPD is 21,000.

Features of 3735 West Belmont Avenue

MLS® # 11955201
Price $1,149,000
Bathrooms 0.00
Acres 0.00
Year Built 1950
Type Commercial Sale
Sub-Type Mixed Use
Status Contingent

Community Information

Address 3735 West Belmont Avenue
Area CHI - Avondale
City Chicago
County Cook
State IL
Zip Code 60618

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Zoned
Fireplace No
Has Basement No

Exterior

Roof Membrane

Additional Information

Days on Market 98
Zoning COMMR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeNelly Corp Realty

Listing Map