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5358 W Belmont Avenue, Chicago, IL 60641
$715,000 Contingent
5358 W Belmont Avenue, Chicago, IL 60641View this property at 5358 W Belmont Avenue, Chicago, IL 60641
5358 W Belmont AvenueChicagoIL60641
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Property Description
Discover an iconic mixed-use building situated at the bustling intersection of Belmont and Long. Existing tenants include a vibrant dance studio and a prominent insurance company on the 1st floor, ensuring immediate income. With a current occupancy rate of 50%, this prime property offers an excellent opportunity for prospective owners. The available space can be utilized for a variety of purposes, catering to professions such as dentistry, chiropractic services, accounting, legal practices, and more. Seize the chance to customize the space for your own business needs or explore the potential for generating additional income by converting it for alternative uses. The once-used radio station office space can be transformed back into 2 spacious residential apartments, while the office space overlooking Belmont Ave. could be used as additional office space or become a 3rd apartment. Convenient location with easy access to amenities, public transportation, street parking, and a 2-car garage. An investor's dream or an entrepreneur's canvas, this property is brimming with potential. The estimated ARV is $1.4M with $135k annual income. Real estate taxes can be appealed once residential tenants are established. So don't miss out! Cash offers welcome.
Full Property Details
Full Property Details for 5358 W Belmont Ave
General
- Price: $715,000
- Taxes: $36,572 (2021)
- Status: Contingent
- Type: Commercial
- MLS ID: 12003050
- Updated: 4/26/2024
- Added to Site: 49 day(s) ago
Location
- Area: CHI - Portage Park
- County: Cook
- Township: Jefferson
- Driving Directions: Located on the northeast corner of Belmont and Long intersection.
- Location Details: Chicago Northwest
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 10,800
- # of Stores: 2
- Year Built: 1966
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 7,125
- Lot Dimensions: 57 x 125
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- Assessment Year: 1966
- Tax Amount: $36,572
- Tax Year: 2021
- Tenant Pays: Electricity, Heat
Disclosures and Reports
- Property ID: 13213290210000
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Schools
Schools serving 5358 W Belmont Ave
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3000 N Mango Ave, Chicago, IL 60634 | PK-8 | 0.5 mi | |
3235 N Leclaire Ave, Chicago, IL 60641 | 9-12 | 0.4 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 5358 W Belmont Ave
Date
Details
Price
Change
Source
3/13/2024
Listed
$715,000
—
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 5358 W Belmont Ave
Year
Property Taxes
Change
Tax Assessment
Change
2022
$37,407
2%
$181,870
—
2021
$36,572
-5%
$181,870
5%
2020
$38,645
11%
$173,476
—
2019
$34,853
2%
$173,476
—
2018
$34,267
7%
$173,476
17%
2017
$32,023
7%
$148,756
—
2016
$29,794
9%
$148,756
—
2015
$27,259
11%
$148,755
12%
2014
$24,642
2%
$132,814
—
2013
$24,097
-23%
$132,492
-24%
2012
$31,132
—
$173,487
—
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 5358 W Belmont Ave
5358 W Belmont Avenue, Chicago, IL 60641 (MLS# 12003050) is a Commercial property. 5358 W Belmont Avenue is currently listed for $715,000 and was received on March 13, 2024. Want to learn more about 5358 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.