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901 W Belmont Ave Chicago, IL 60657

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For Sale
$2,850,000

Vacant mixed-use property with commercial spaces and apartments near development.

Property Features for 901 W Belmont Ave

General Information

Standard status
Active

Building Details

Year built
1905
Source: Corcoran

Listing Agent: John Moumouris

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Property Near Upcoming Development

This property features a 37.5'x148' lot with B3-3 zoning and TOD designation. It includes two commercial spaces and four recently renovated studio apartments ready for rental. Additionally, there are four more units currently undergoing renovation to be converted into two 2-bedroom apartments. Building survey and drawings are available for the 2-bedroom renovations. The entire property is vacant. There is an additional structure on the back half of the property that was previously rented as a 4 bed 2 bath duplex coach house but is currently not viable/legal to rent. The property's location, size, and zoning offer significant potential. A new 5-story, 46-unit project by Mavrek Development is scheduled to break ground in May 2025, located steps away at 925 W. Belmont.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6516589
Latitude
41.9396595

FAQs

What type of property is this?
Apartment building - Vacant mixed-use property with commercial spaces and apartments near development.
Where is this apartment building located?
The property is located at 901 W Belmont Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: - Large 37.5'x148' Lot with B3-3 Zoning and TOD designation.; - Prime location near a new 5-story, 46-unit development.; - Mix of commercial and residential units: 2 commercial spaces and 4 renovated studio apartments.
More about this property
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