7224 W Belmont Avenue, Chicago, IL 60634 | MLS #12635114 | Berkshire Hathaway HomeServices Chicago

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Listing provided courtesy of Anthony PetrusoMREDas Distributed by MLSGrid- MLS# 12635114MLS Provider

7224 W Belmont AvenueChicago, IL 60634

Commercial · 3 Beds
$1,295,000 Price Change

7224 W Belmont Avenue Overview

Time on Site:
48 days
Visits:
1

Great Property Great Location with (5) 2 Bedroom Units and (3) 1 Bedroom Units. Long time Owner with Long time tenants. Rents below market. All tenants are currently Month to Month. Many of the units are recently updated. All Units are above ground. RENT AND INCOME PROJECTED. Listing Agent can provide current rent roll.

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7224 W Belmont Avenue Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 1000
  • Fuel Expense: 7000
  • Gross Income: 108000
  • Insurance Expense: 4500
  • Maintenance Expense: 3500
  • Net Operating Income: 90000
  • Operating Expense: 35540
  • Trash Expense: 1200
  • Water Sewer Expense: 2500

Building Information

  • Year Built: 1969

Business Information

  • Current Use: Multi-Family

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Dunning

Tax Information

  • Tax Annual Amount: $13,340.25
  • Tax Year: 2024

General Information

  • Parcel Number: 12244310220000
  • Possible Use: Multi-Family
  • Property Type: Commercial Sale
  • Zoning: MULTI

Interior

General Information

  • Foundation Details: Concrete Perimeter
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 50 x 125

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Number Of Units Total: 8

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 3

Unit 2 Details

  • Unit Type: Unit 2
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 5

Unit 3 Details

  • Unit Type: Unit 3
  • Beds Total: 0
  • Units Total: 0

Unit 4 Details

  • Unit Type: Unit 4
  • Beds Total: 0
  • Units Total: 0

Unit 5 Details

  • Unit Type: Unit 5
  • Beds Total: 0
  • Units Total: 0

Unit 6 Details

  • Unit Type: Unit 6
  • Beds Total: 0
  • Units Total: 0

Unit 7 Details

  • Unit Type: Unit 7
  • Beds Total: 0
  • Units Total: 0

7224 W Belmont Avenue Neighborhood

Community

60634 (Chicago) 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
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7224 W Belmont Avenue Monthly Cost

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Mike Mabry
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7224 W Belmont Avenue Market Data

Based on the last 30 days in this zip code

$473,159
Average List Price
$281
Average Price per Square Foot
45
Properties Sold
36
Average Days on Market
125
Properties for Sale
Calculations provided by Reliance Network

7224 W Belmont Avenue History

Date Event Value Agent
6/26/2026Source: MRED Price Reduction
$1,295,000 -7.4%
6/26/2026Source: MRED Status Change
Price Change
5/18/2026Source: MRED Status Change
Active
5/13/2026Source: MRED Price Reduction
$1,399,000 -3.5%
5/12/2026Source: MRED Added to Database
May 12, 2026