1342 W Belmont Ave - Office/Residential CONDO FOR SALE


Chicago, IL 60657
$818,000 USD
312-888-5486
1342 W Belmont Ave, Chicago, IL for Sale
$818,000 USD
Office/Residential CONDO - FOR SALE
1/65
null | 6.31% Cap Rate

1342 W Belmont Ave
Chicago, IL 60657


HIGHLIGHTS

  • Tenant just renewed a 5-year lease.
  • Newly rehabbed space with high quality finishes, one parking included.
  • Rare opportunity to own a 6.31% cap, prime retail condo in the heart of an affluent neibourhood.
  • Open layout can suit for various business like restaurants, boba tea shops, coffee shops, medical offices, message stores and nails stores etc.

OVERVIEW

This 6.31% CAP, 2,400 SF retail condo with one parking spot is located in the heart of Lakeview, one of the city's most sought-after neighborhoods. Fully gut rehabbed in 2019, a 5 year lease has been just renewed. This unit boasts a prime location situated at W Belmont Ave & N Southport Ave, just a couple of blocks away from the famous Lakeview 6 corners. It is a 7-minute walk to the train station (Red Line, Purple Line, and Brown Line). Surrounded by ample residential properties, many famous local restaurants, and grocery stores.

FOR SALE DETAILS

PRICE

$818,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

6.31%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

2,400 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

B3-3

APN/PARCEL ID

14-20-330-044-0000

ASK ABOUT THIS PROPERTY

Tony LiuYoumu VenturesMore Info
312-888-5486

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Tony LiuYoumu VenturesMore Info
312-888-5486

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.