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$810,000
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Property Description
Located in the heart of affluent Lakeview, this 2,400 SF newer-construction retail space presents a rare, turnkey investment opportunity with a stable, long-term tenant operating a thriving luxury nail salon. Ideally situated at the high-traffic intersection of W Belmont Ave and N Southport Ave-just steps from the lively Southport Corridor and within walking distance of the Red, Purple, and Brown Lines-this premium ground-floor commercial condo sits beneath six upscale residential units. The space features nine expansive floor-to-ceiling storefront windows (over 30 feet of sidewalk storefront) , elegant white tile flooring, high-end modern finishes, newer mechanical systems, and a heated sidewalk. The layout includes two half bathrooms and three built-out office rooms including onsite washer and dryer. Surrounded by dense residential developments, acclaimed restaurants, and top-tier retailers, the property benefits from consistent foot traffic and high visibility. One outdoor parking space is included. The existing business plans to remain and is paying $6,000/ month rent, offering both immediate rental income and long-term stability.
Full Property Details
Full Property Details for 1342 W Belmont Ave #1
General
- Price: $810,000
- Taxes: $23,161 (2023)
- Status: Active
- Type: Store
- Source: MRED
- MLS ID: 12395833
- Updated: 7/30/2025
- Added to Site: 216 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored
Location
- Area: CHI - Lake View
- County: Cook
- Township: Lake View
- Driving Directions: E. or W. on Belmont to 1342. Located on north side of Belmont between Southport and Racine.
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Stories/Levels: 4
- Square Feet: 25,000
- Year Built: 2017
Lot Features
- Lot Size (Sq. Ft.): 5,856
- Lot Dimensions: 48 x 122
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Other Fee: $280
- Security Deposit: Alarm Monitored
- Assessment Year: 2017
- Tax Amount: $23,161.14
- Tax Year: 2023
Disclosures and Reports
- Property ID: 14203300601001
Listed by Fulton Grace Realty
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Schools
Schools serving 1342 W Belmont Ave #1
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burley Elementary School 1630 West Barry Avenue, Chicago, IL 60657 | K-8 | 0.4 mi |
Lake View High School 4015 North Ashland Avenue, Chicago, IL 60613 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1342 W Belmont Ave #1
Date
Details
Price
Change
Source
6/17/2025
Listed
$810,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1342 W Belmont Ave #1
Year
Property Taxes
Change
Tax Assessment
Change
2023
$15,842
3%
$72,998
—
2022
$15,435
2%
$72,998
—
2021
$15,080
579%
$72,998
652%
2020
$2,221
2%
$9,708
-8%
2019
$2,185
2%
$10,575
—
2018
$2,149
—
$10,575
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1342 W Belmont Ave #1
1342 W Belmont Avenue #1, Chicago, IL 60657 (MLS# 12395833) is a Store property. 1342 W Belmont Avenue #1 is currently listed for $810,000 and was received on June 17, 2025. Want to learn more about 1342 W Belmont Avenue #1? Do you have questions about finding other Store real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.

