6037 W Belmont Avenue
Chicago, IL 60634

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Description

Well Situated south facing mixed use property perfect for owner occupant seeking to run a business operation in the vacant commercial storefront and reside in the 2nd floor apartments or armchair investor seeking a diversified tenant mix. The commercial space was occupied by an art gallery for 20 + years (recent lease expiration) and features an open floor plan and vast basement for expansion and/or extra storage space. The second floor apartments are both rented MTM offer generous space, large rooms, open floor plans, modern finishes, and rarely available outdoor patio space. Property features 4 assigned parking spaces in the rear for tenants or customers. Belmont Avenue is a primary, arterial street connecting Lake Michigan to the Northwestern suburbs, O'Hare airport, the central business district, parks, retail districts, and much more!

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60634
• Year Built: 1965
• Stories: 2
• Units: 3 units
• Zoning: COMMR
• # Of Apts: 2
• # Of Dishwashers: 2
• # Of Offices: 1
• # Of Refrigs: 2
• # Of Stores: 1
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Cap Rate: 8.5
• Construction Materials: Brick
• Cooling: Window Unit(s)
• Directions: North on Cicero, West on Belmont
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Electric Expense: 2057
• Expense Year: 2025
• Flooring: Wood
• Foundation Details: Concrete Perimeter
• Fuel Expense: 2897
• Geographic Locale: Chicago Northwest
• Gross Income: 4670
• Gross Rent Multiplier: 8
• Gross Scheduled Income: 60848
• Heat/Ventilation: Radiators
• Information: 48-Hr Notice Required
• Insurance Expense: 2702
• Lot Size Square Feet: 3150
• Main Type: Commercial Sale
• Misc Outside: Balcony/ies, Patio
• Operating Expense: 19282
• Original Rental Price: 20
• Other Expense: 3940
• Other Expense Source: Actual
• Outdoor Parking: 1-5 Spaces
• Ownership Type: Land Trust
• Rental Price: 20
• Retail SqFt: 1400
• Roof Structure: Flat
• Tax Annual Amount: 6541
• Tax Year: 2024
• Total Annual Expense Source: Actual
• Total Monthly Income: 5071
• Water Sewer Expense: 996