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$1,399,000 -$51,000 (-3.52%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • Updated 9 hours ago
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Great Property Great Location with (5) 2 Bedroom Units and (3) 1 Bedroom Units. Long time Owner with Long time tenants. Rents below market. All tenants are currently Month to Month. Many of the units are recently updated. All Units are above ground. Rents Projected. Listing Agent can provide current rent roll.

Full Property Details for 7224 W Belmont Ave

General

  • Price: $1,399,000
  • HOA FEE: $3,500
  • Taxes: $13,340 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12635114
  • Updated: 5/19/2026
  • Added to Site: 19 day(s) ago

Location

  • Area: CHI - Dunning
  • County: Cook
  • Driving Directions: On Belmont just West of Harlem Avenue. Belmont and Occonto

Heating & Cooling

  • Heating Type: Gas, Hot Water, Baseboard, Radiant

Utilities

  • Trash: 1200

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Foundation: Concrete Perimeter
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family
  • Year Built: 1969
  • Built Before 1978: Yes

Unit Information

  • Units w/Refrigerators: 8
  • Units w/Range/Oven: 8

Lot Features

  • Lot Dimensions: 50 x 125
  • Frontage: City Street
  • Potential Use: Multi-Family
  • Zoning: MULTI

Financial Considerations

  • Maint. Fee: $3,500
  • Insurance Fee: $4,500
  • Operating Expenses: $35,540
  • Assessment Year: 1969
  • Tax Amount: $13,340.25
  • Tax Year: 2024
  • Pays Electric: 1000
  • Pays Trash: 1200

Disclosures and Reports

  • Property ID: 12244310220000

Listed by Anthony Petruso

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Listing agent

— 7224 W Belmont Ave —

  • Anthony Petruso

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 7224 W Belmont Ave

School District:Chicago Public School District 299
NameGradesDistance
Dever Elementary School
3436 North Osceola Avenue, Chicago, IL 60634
PK-80.4 mi
Steinmetz Academic Centre High School
3030 North Mobile Avenue, Chicago, IL 60634
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7224 W Belmont Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Price Reduced
$1,399,000
-3.52%
MLS
4/30/2026
Listed
$1,450,000
—
MLS
Get Price Alerts and Save Property
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 for 7224 W Belmont Ave

Year
Property Taxes
Change
Tax Assessment
Change
2023
$11,155
3%
$52,871
—
2022
$10,875
2%
$52,871
—
2021
$10,632
6%
$52,871
18%
2020
$9,993
11%
$44,858
—
2019
$9,013
2%
$44,858
—
2018
$8,861
-6%
$44,858
2%
2017
$9,448
7%
$43,891
—
2016
$8,791
9%
$43,891
—
2015
$8,043
6%
$43,891
7%
2014
$7,594
2%
$40,929
—
2013
$7,444
1%
$40,929
—
2012
$7,345
—
$40,929
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Anthony Petruso

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7224 W Belmont Avenue, Chicago, IL 60634 (MLS# 12635114) is a Commercial property. 7224 W Belmont Avenue is currently listed for $1,399,000 and was received on April 30, 2026. Want to learn more about 7224 W Belmont Avenue? Do you have questions about finding other Commercial real estate for sale in Dunning? You can browse all Dunning real estate or contact a Coldwell Banker agent to request more information.

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