Active

1022 W Belmont Avenue

Chicago IL, 60657

$2,990,000


Active

Other

Built in 1899

Courtesy of Essex 312, LLC

1022 West Belmont Avenue, located in the heart of Chicago's popular Lakeview neighborhood, one block from the Belmont CTA station. The property consists of four oversized 1,600 SF 4 bedroom/2 bathroom apartments, and two occupied ground level retail spaces which total 2,625 SF. The building underwent an extensive renovation in 2013 including a new electric service, wiring and in-unit 100 AMP panels, new copper plumbing risers, individual HVAC, in-unit laundry and new kitchens & bathrooms. The spacious 1,600 SF apartments include large living rooms and generously sized bedrooms. The units all feature hardwood floors, decorative fireplaces, stainless steel appliances, granite counters, tiled bathrooms, individual HVAC, laundry in-unit and rear decks. Each unit receives a substantial amount of light due to the building's location on the northeast corner of Belmont & Kenmore Avenues. Light cosmetic updates to each apartment would allow rents to be raised to market level. The two retail spaces are currently leased to Ancient Grounds Coffee Co. and Crystal Cleaners, both benefiting from the high foot traffic along Belmont Avenue. Ancient Grounds opened in 2022 serving great food & coffee and has been a successful addition to the neighborhood. Crystal Cleaners has occupied the corner space for decades and currently holds a lease until 2027 at 26 PSF. Nearby retail spaces have recently been leased for up to 45 PSF (NNN). The property in prime Lakeview is in close proximity to the Belmont & Wellington "L" stations with quick access to the CTA Red, Brown & Purple Lines, along with several bus stops, offering tenants countless transportation options. The Chicago Cubs' Wrigley Field is just four blocks away affording tenants quick access to games and Wrigleyville nightlife.

12193287

MLS ID

October 22, 2024

Listed

October 28, 2024

Updated

Map

1022 W Belmont Avenue
Chicago IL, 60657

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Individual


Heating

No

Exterior/Building Features

Lot Size

0.12 Acres

Other Property Details

Area Name

CHI - Lake View


Taxes

$39,190


Tax Frequency

Annually


Days on Market

6


Garage

No


View

No


County

Cook


Municipality

Lake View


Pool

No

Courtesy of Essex 312, LLC, Ryan Blake,
Listing Contact: 773-458-5428 

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than John O'Neill are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 10/28/2024. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and 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. 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. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2024 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 5:48 AM UTC, 10/28/2024

 

 

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