Mixed-Use Four-Unit Income
For Sale
$1,099,000
2310 W Belmont Avenue, Chicago, IL 60618
Four-unit mixed-use building with street-level office/retail and three-bedroom residential units plus a rear coach house.
Days on Market132
Property Features for 2310 W Belmont Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Building Size
4,416 SF
Year Built
1895
Listing Agency:
Century 21 Circle
(773) 465-4200
Listed By:
Mark Ahmad · License #471007186
(773) 465-4200
Source:
Perillorealestategroup
Added: Mar 24
Changed: Jul 29
Last Checked: Aug 1 at 12:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Circle
Investment Insights
Based on property information with market context.
This income-producing four-unit mixed-use property includes street-level office/retail space with residential units on the second and third levels. Each upper unit features 3 bedrooms and 2 bathrooms, with an additional rear coach house located in the back. The property includes updates made in 2018.
Set in Roscoe Village, North Center, and Lakeview, the building offers access to neighborhood retail and dining and easy public transit. Street parking is available, with recreational options within walking distance including Felger Park and Hamlin Park, plus nearby sports and community facilities.
The overall configuration supports both commercial and residential income in one building, including a rear coach house as part of the property layout.
Set in Roscoe Village, North Center, and Lakeview, the building offers access to neighborhood retail and dining and easy public transit. Street parking is available, with recreational options within walking distance including Felger Park and Hamlin Park, plus nearby sports and community facilities.
The overall configuration supports both commercial and residential income in one building, including a rear coach house as part of the property layout.
Key Highlights
- 4‑unit mixed‑use property with street‑level office/retail and 2nd and 3rd levels
- Each residential unit offers 3 bedrooms and 2 bathrooms
- Includes a rear coach house
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.1k | $38.52 |
| − Vacancy | −$39.6k | −$8.98 |
| EGI | $130.5k | $29.54 |
| − OpEx | −$32.6k | −$7.39 |
| NOI | $97.9k | $22.16 |
4,416 SF · lease $38.52/SF/yr · vacancy 23.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,853 @ 7.0% cap · market cap 8.90%
Second Best
Multifamily LT 5
$1.02M
$888.8K – $1.19M
NOI $71,101 @ 7.0% cap · market cap 6.47%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,061 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 60618, IL
90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit mixed-use building with street-level office/retail and three-bedroom residential units plus a rear coach house.
Where is this quadplex located?
The property is located at 2310 W Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 4‑unit mixed‑use property with street‑level office/retail and 2nd and 3rd levels; Each residential unit offers 3 bedrooms and 2 bathrooms; Includes a rear coach house
