3159 W Belmont Ave Chicago, IL 60657

Located at the intersection of Belmont, California, and Elston Avenues, this mixed-use property benefits from high daily traffic volume. The corner building has 18,812 square feet with 159 linear feet on Belmont Avenue. The property at 3173 Elston Avenue includes a 4,500 square foot lot with a 4,200 square foot one-story brick building under a triple net lease. The property features seven stores, nine apartments, and income from a rooftop sign. Each apartment and store has individual forced air conditioning and heating units. Each apartment includes a private roof deck, and there is also a common roof deck for all tenants. A shared parking lot with 19 spaces adjoins the properties. The tenants are long-term, and there is potential to increase apartment rents to current market rates. The properties are meticulously cleaned and well-kept and will be sold as is. The sale is subject to a 1031 Exchange. The same ownership has maintained the property for over 55 years. The properties will not be divided.