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    5230 W Belmont Ave Chicago, IL 60641

    Pending
    For Sale
    $559,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Days on Market:
    33
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 5230 W Belmont Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Pending
    Zoning
    OTHER
    APN
    13213300270000

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1957
    Number of units
    3
    Roof type
    Rubber
    Architectural style
    Other

    Charles Rutenberg Realty (630) 929-1100 [email protected]

    Listing agent Hayder Khalifa (630) 929-1100 License #475133757

    Listing date Nov 11, 2025

    MLS# 12513995 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

    Mixed-Use Investment Opportunity in Chicago

    This is an investment opportunity to acquire a fully occupied three-unit mixed-use building located on Chicago's Northwest Side. The property includes a front commercial office/retail space equipped with its own central air conditioning. Additionally, there are two residential units, each featuring two bedrooms and one bathroom. The building benefits from a newer roof and HVAC system. Each unit is independently metered for HVAC, gas, and electricity, with tenants responsible for their respective gas and electric expenses. A parking garage is located at the rear of the property. The building is currently self-managed by the owner and shows pride of ownership. This low-maintenance building offers a steady cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cemirex Inc. Furniture Furniture Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -87.7579896
    Latitude
    41.9389532

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    FAQs

    What type of property is this?
    Mixed-use property - Fully occupied mixed-use building with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 5230 W Belmont Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $559,000.
    What are key features of this property?
    This property features: - Fully occupied 3-unit mixed-use building providing immediate cash flow.; - Separate HVAC, gas, and electric meters for each unit, tenant-paid utilities.; - Newer roof and HVAC systems, indicating reduced maintenance costs.
    (630) 929-1100
    Request Owner's contact information
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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
    5230 W Belmont Ave Chicago, IL 60641
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