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    2048-2050 W Belmont Ave Chicago, IL 60657

    For Sale
    $379,000

    Turn-key 1,650 SF commercial condo with lake views.

    Property size:
    1,650 SF
    Lot size:
    0.14 Acres

    Property Features for 2048-2050 W Belmont Ave

    General Information

    Size
    1,650 SF
    Lot size
    0.14 Acres

    Source: SVN | Chicago Agent Adam Thomas

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

    Overview

    Lakeview Commercial Condo For Sale

    This 1,650 square foot commercial condo is located in Lakeview and offers visibility on Belmont Avenue. The unit is in turn-key condition and features a glass-enclosed conference room with motor-driven blackout shades, a full kitchen, and two ADA-compliant bathrooms. The layout includes one private shared office, six open workstations, a lounge, and a storage/gaming room. Existing furniture can be included, and all private offices and workstations are equipped with Ethernet, telephone, and other accessories. The property is surrounded by restaurants, shopping, entertainment, and high-end residential options. Hamlin Park, Fellger Park, and the Paulina and Addison Brown Lines are nearby.
    Location Intelligence

    Current Use by Public Records

    Office 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
    -87.6803172
    Latitude
    41.939816

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    FAQs

    What type of property is this?
    Office space - Turn-key 1,650 SF commercial condo with lake views.
    Where is this office space located?
    The property is located at 2048-2050 W Belmont Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: - Incredible Lakeview location with strong visibility on Belmont Avenue.; - 1,650 SF retail/office commercial condo in excellent turn-key condition.; - Glass-enclosed conference room with motor-driven blackout shades.
    (312) 676-1866
    Request Owner's contact information
    2048-2050 W Belmont Ave Chicago, IL 60657
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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
    2048-2050 W Belmont Ave Chicago, IL 60657
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