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3735 W Belmont Avenue, Chicago, IL 60618
$1,149,000 Contingent
3735 W Belmont Avenue, Chicago, IL 60618View this property at 3735 W Belmont Avenue, Chicago, IL 60618
3735 W Belmont AvenueChicagoIL60618
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Property Description
Excellent investment opportunity to purchase one of the last heavy timber buildings in the Avondale area. This 2 story building is in great condition, plenty of power and has 15" clear ceiling height. The property has been up-zoned to a B3-3 classification creating increased value ready for a future condo or apartment development. There is a side driveway for access and parking. Rents are below market value and should be increased based on the strong commercial market and new construction in the area. 2 tenants have short term leases in place. Area tenant base includes Sleeping Village Bar, Chicago Strength gym, The Avondale Tap, PNC Bank, Dunkin Donuts and many more. Close proximity to I-90 and the blue line/Belmont bus with great connectivity to O'Hare. Belmont Ave's VPD is 21,000.
Full Property Details
Full Property Details for 3735 W Belmont Ave
General
- Price: $1,149,000
- Taxes: $30,649 (2022)
- Status: Contingent
- Type: Commercial
- MLS ID: 11955201
- Updated: 4/26/2024
- Added to Site: 109 day(s) ago
Additional Information
- Security/Safety: Sprinklers (Wet)
Location
- Area: CHI - Avondale
- County: Cook
- Township: Jefferson
- Driving Directions: West on Belmont Ave to property
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Zoned
- Heating Type: Central Heat/Individual Controls, Gas
Utilities
- Trash: 1000
Structural Information
- Construction: Brick
- Roof: Membrane
- Loading: Service Entrance
- Stories/Levels: 2
- Square Feet: 12,500
- Year Built: 1950
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 8,125
- Lot Dimensions: 65 x 125
- Drainage: Other
- Zoning: COMMR
Financial Considerations
- Lease Price: $9
- Insurance Fee: $4,490
- Security Deposit: Sprinklers-Wet
- Assessment Year: 1950
- Tax Amount: $30,649
- Tax Year: 2022
- Tenant Pays: Air Conditioning, Electricity, Heat
- Pays Trash: 1000
Disclosures and Reports
- Property ID: 13261040030000
Listed by Nelly Corp Realty
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Schools
Schools serving 3735 W Belmont Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3650 W School St, Chicago, IL 60618 | PK-8 | 0.2 mi | |
3601 N Milwaukee Ave, Chicago, IL 60641 | 9-12 | 0.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3735 W Belmont Ave
Date
Details
Price
Change
Source
1/22/2024
Listed
$1,149,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3735 W Belmont Ave
3735 W Belmont Avenue, Chicago, IL 60618 (MLS# 11955201) is a Commercial property. 3735 W Belmont Avenue is currently listed for $1,149,000 and was received on January 22, 2024. Want to learn more about 3735 W Belmont Avenue? Do you have questions about finding other Commercial real estate for sale in Avondale? You can browse all Avondale real estate or contact a Coldwell Banker agent to request more information.