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    3716 W Belmont Ave Chicago, IL 60618

    For Sale
    $999,900

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    3,304 SF
    Days on Market:
    126
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 3716 W Belmont Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    MULTI
    APN
    13233300330000
    Size
    3,304 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1914
    Number of units
    4
    Architectural style
    Other

    Jameson Real Estate LLC (312) 335-3291 [email protected]

    Listing agent Mark Raffaelli (312) 751-0300 License #475143938

    Listing date Aug 2, 2025

    MLS# 12436480 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Avondale Mixed-Use Investment Opportunity

    This four-unit mixed-use building in Chicago's Avondale neighborhood presents a prime investment opportunity. The property features two live/work units on the ground floor and two residential apartments above. Quality updates have been completed within the past 10 years. The property is suited for long-term investors seeking stable income. The building is located in the heart of Avondale, which is recognized as one of Chicago's fastest-rising neighborhoods. The location offers high visibility, excellent transit access, and close proximity to local dining, retail, and major expressways. The building has a living area of 3304 square feet. The zoning is MULTI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7206275
    Latitude
    41.9394569

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    FAQs

    What type of property is this?
    Mixed-use property - Four-unit mixed-use building in Chicago's thriving Avondale neighborhood.
    Where is this mixed-use property located?
    The property is located at 3716 W Belmont Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: - 6.67% Cap Rate: Offers a strong and stable income stream.; - Prime Avondale Location: Situated in one of Chicago's fastest-rising and nationally ranked neighborhoods.; - Mixed-Use Building: Features two live/work units and two residential apartments.
    (312) 751-0300
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    3716 W Belmont Ave Chicago, IL 60618
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    Chicago, IL 60618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3716 W Belmont Ave Chicago, IL 60618
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