Contingent
$715,000

5358 W BELMONT Avenue
Chicago, IL 60641

Mixed Use, Business Opportunities
Commercial
10,800
Sq. Ft.
0.163
Acre Lot
Courtesy: Weichert Realtors Ambassador
Agent Websites> Illinois> Chicago> 60641
Discover an iconic mixed-use building situated at the bustling intersection of Belmont and Long. Existing tenants include a vibrant dance studio and a prominent insurance company on the 1st floor, ensuring immediate income. With a current occupancy rate of 50%, this prime property offers an excellent opportunity for prospective owners. The available space can be utilized for a variety of purposes, catering to professions such as dentistry, chiropractic services, accounting, legal practices, and more. Seize the chance to customize the space for your own business needs or explore the potential for generating additional income by converting it for alternative uses. The once-used radio station office space can be transformed back into 2 spacious residential apartments, while the office space overlooking Belmont Ave. could be used as additional office space or 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 $1.4M with $135k annual income. Real estate taxes can be appealed once residential tenants are established. So don't miss out! Cash offers welcome.
12003050
Mixed Use, Business Opportunities, 2 Story
Cook
1966
0.163 Acres
2
Brick
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Weichert Realtors Ambassador
Listings courtesy of MRED as distributed by MLS GRID

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