7107 W Belmont Avenue $990,000


    7107 W Belmont Avenue Chicago-Montclare, IL 60634

    • Commercial
    • MLS# 11426772
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    Views: 3 Days On Site: 112

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    Property Details

    Coldwell Banker Commercial Realty is pleased to exclusively present this fully occupied 8000 SF mixed use asset consisting of (6) retail/office/apartments with long-term tenants in place. The brick building is located on high traffic Belmont Ave, seeing 17,614 VPD with 3 different entrances. Recent renovations include a new front entrance with 3 storefront windows off of Belmont, making two total storefronts. The building houses 3 medical practices, a pharmacy, a health insurance office, & a residential unit. The property features a private parking lot in back with a total of 26 spaces with additional parking in front along Belmont, 10 gas meters, separate electric meters, & a CTA bus stop in front of the building. Positioned in a vibrant submarket with businesses all around, this opportunity is low maintenance & will continue to generate positive cash flow for the savvy investor with value add in the raising of the rents.

    • General Features
      • Additional Parcels Y/N Yes
      • Area CHI - Montclare
      • County Or Parish Cook
      • Electric Expense 999
      • Fuel Expense 999
      • Gross Income 139800
      • Gross Scheduled Income 139800
      • Net Operating Income 107480
      • Number Of Units Total 6
      • Operating Expense1 4200
      • Property Sub Type Mixed Use
      • Tax Annual Amount 13650
      • Tax Year 2020
      • Township Jefferson
      • Year Built 1960
      • Zoning COMMR
    • Building Features
      • Building Area Total 8000
      • Construction Materials Brick
      • Cooling Central Air
      • Electric Circuit Breakers, Separate Meters
      • Stories 1
    • Property Features
      • Lot Size Dimensions 97X256X52X45X136
      • Lot Size Square Feet 19602
      • Parcel Number 13301010330000
      • Parking Total 26



    60634 (Chicago-Montclare) Demographics

    41 Median Age
    10,615 Population Density (per sq. mile)
    33% College Educated
    $72,507 Estimated Median Income
    19,351 Estimated Total Home Owners
    7,327 Estimated Total Renters
    73% / 27% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    75,604 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $312,000 Median Sales Price
    52 Homes Sold
    95 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $990,000
        6/12/2022 12:17:48 AM Status Changed Source: Multiple Listing Service New Value: Active
        6/6/2022 8:48:00 PM New in Database Source: Multiple Listing Service New Value: $990,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.