5228 W Belmont Avenue, Chicago, IL 60641 - Photo 1

1/1

$585,000

Sold
Closed
Commercial
4,732 Sq. Ft.

1/1

Property Description

Investment Opportunity for a fully occupied 4 Unit Mixed Use Building on Chicago's Northwest Side! The building offers a commercial office space with its own central air. There are two units that boast 3 bedrooms and 1 bath and a third residential unit featuring 2 bedrooms and 1 bath. All recently updated. Harwood floors, updated kitchens and baths. All units have separate gas and electric meters. Tenants pay their own gas and electric. Basement with coin laundry and storage. Parking spaces in the rear. Low maintenance building with a steady cash flow.

Full Property Details

Full Property Details for 5228 W Belmont Ave

General

Sold For: $585,000
Taxes: $6,962 (2023)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12266463
Added to Site: 375 day(s) ago

Interior

Interior Features: Storage Inside, Basement

Additional Information

Security/Safety: Other

Location

Area: CHI - Portage Park
County: Cook
Driving Directions: BELMONT AVENUE ONE HALF BLOCK WEST OF LARAMIE
Location Details: Chicago Northwest

Heating & Cooling

Cooling Type: Central Air Conditioning, Office Only
Heating Type: Forced Air, Gas

Structural Information

Construction: Brick
Exterior Const.: Brick
Foundation: Concrete Perimeter
Roof: Rubber
Stories/Levels: 2
Square Feet: 4,732
Current Bldg. Use: Commercial
Year Built: 1926
Built Before 1978: Yes

Unit Information

# Tenants: 4
Units w/Refrigerators: 3
Units w/Range/Oven: 3
# Dryers: 1

Lot Features

Lot Size (Sq. Ft.): 3,750
Lot Dimensions: 30 x 125
Frontage: City Street, Public Road
Zoning: OTHER

Financial Considerations

Operating Expenses: $15,293
Security Deposit: Other
Assessment Year: 1926
Tax Amount: $6,962.68
Tax Year: 2023
Tenant Pays: Electricity, Heat

Disclosures and Reports

Property ID: 13213300280000

Listed by Avenue 1 Realty Group
Sold by PAK Home Realty

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— 5228 W Belmont Ave —

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Schools

Schools serving 5228 W Belmont Ave

School District:Chicago Public School District 299

Name	Grades	Distance
Camras Elementary School 3000 North Mango Avenue, Chicago, IL 60634	K-8	0.7 mi
Foreman High School 3235 North Leclaire Avenue, Chicago, IL 60641	9-12	0.2 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 5228 W Belmont Ave

Date

Details

Price

Change

Source

5/13/2025

Sold

$585,000

1.74%

MLS

1/09/2025

Listed

$575,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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5228 W Belmont Avenue, Chicago, IL 60641 (MLS# 12266463) is a Commercial property that was sold at $585,000 on May 13, 2025. Want to learn more about 5228 W Belmont Avenue? Do you have questions about finding other Commercial real estate for sale in Portage Park? You can browse all Portage Park real estate or contact a Coldwell Banker agent to request more information.

5228 W Belmont Ave Chicago, IL 60641