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$ 1,275,000
Est. payment /mo
New
2329 W Belmont AVE Chicago, IL 60618
6,750 SqFt
UPDATED:
01/07/2025 07:48 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,750 sqft
Price per Sqft $188
MLS Listing ID 12265021
Year Built 1895
Annual Tax Amount $15,723
Tax Year 2023
Lot Dimensions 71.76' X 101.4'
Property Description
The property is mixed-use, 2 commercial 2 apartments in the popular Roscoe village neighborhood on the north side of Chicago. Key Highlights: Retail - Fonseca Martial Arts: 1,250 sq. ft., 3 years remaining on lease with one 5-year renewal option. Owned and operated by John Fonseca, a world renowned karate champion. Retail - Urban Grind: 2,850 sq. ft. ground floor + basement. New 5-year lease with three 1-year renewal options. A holistic fitness center. Residential Units: Spacious two-bedroom units, individually metered for electricity, heat, and hot water. Easy value-add opportunity bringing up one of the units rents to market Location Proximity & Retail Amenities: 5 miles northwest of downtown Chicago, 1.1 miles from Paulina "L" Station, and close to major bus stops and interstates (90 and 94). Surrounded by national retailers like Target, Mariano's, Jewel-Osco, Wild Fork, Aspen Dental, 7-Eleven, and more. Significant investments in the adjacent intersection with new developments, including a 7-Eleven Gas Station and a retail strip center anchored by Wild Fork and Aspen Dental. Increased pedestrian traffic due to new developments. Unmatched Traffic Counts & Demographics: Over 15,100 vehicles/day on Belmont Ave and 35,800+ vehicles/day at the Belmont/Western intersection. Over 44,700 residents within a 1-mile radius (average household income 218,879) and 602,700+ residents within a 3-mile radius (average household income 156,654). All new windows placed 4 years ago (including new doors, first floor and second floor). First floor was done by Ashland glass, 2nd floor by Anderson. All water boilers were replaced about 7 years ago. The roof was replaced 6 years ago. No warranties. Do not disturb tenants
Location
State IL
County Cook
Area Chi - North Center
Interior
Cooling Central Air
Flooring Wood
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by John Przybyla • Horvath & Tremblay IL, LLC
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