5358 West BELMONT AvenueChicago, IL 60641Price: $750,000

  • Price: $750,000
  • 70 Days on Market
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Federal 30-year interest rate: 7.22% last updated on Nov 30, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1966Year Built

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Iconic mixed-use building with existing tenants, including a vibrant dance studio and a prominent insurance company on the 1st floor, ensuring immediate income. The 2nd floor, once offices, can be transformed back into 2 spacious apartments, while the office space overlooking Belmont Ave. could become a 3rd apartment. Convenient location with easy access to amenities, public transportation, street parking, and a 2-car garage. An investor's dream or an entrepreneur's canvas, this property is brimming with potential. The estimated ARV is $1.3M with $129K annual income. Real estate taxes can be appealed once residential tenants are established. Don't miss out! Cash offers welcome.

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Listed by Mark Latuszek of Weichert Realtors Ambassador

Based on information submitted to MRED  as of December 6, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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