Mixed-Use Property with Coach
For Sale
$1,099,000
2310 W Belmont Ave, Chicago, IL 60618
Street-level office and retail space is paired with upper-floor residential units and a rear coach house.
Property Size4,416 SF
Price / SF$248.87
Days on Market216
Property Features for 2310 W Belmont Ave
General Information
Standard status
Active
Size
4,416 SF
Site & Location
Neighborhood
Avondale
Building Details
Year Built
1895
Listing Agency:
Century 21 Circle
Listed By:
Mark Ahmad · License #471007186
(312) 513-4490
Source:
Saladinosells
Added: Mar 24
Changed: Oct 16
Last Checked: Oct 5 at 8:27PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property contains four units, combining street-level office and retail space with residential accommodations on the second and third levels. The upper-floor units are described as having three bedrooms and two baths each, while a coach house occupies the rear of the property. Updates were completed in 2018, and the property carries MULTI zoning.
The property is located near Roscoe Village, North Center, and Lakeview, with access to multiple bus lines and public transit. Shops, bakeries, restaurants, festivals, and neighborhood entertainment are nearby, along with Fellger Park, Hamlin Park, a fieldhouse, pool, and sports facilities. Major-road access includes I-90/I-94, with Lincoln Avenue, Whole Foods, Jewel, Mariano's, and Costco also identified in the surrounding area.
The property is located near Roscoe Village, North Center, and Lakeview, with access to multiple bus lines and public transit. Shops, bakeries, restaurants, festivals, and neighborhood entertainment are nearby, along with Fellger Park, Hamlin Park, a fieldhouse, pool, and sports facilities. Major-road access includes I-90/I-94, with Lincoln Avenue, Whole Foods, Jewel, Mariano's, and Costco also identified in the surrounding area.
Key Highlights
- Four‑unit mixed‑use property with office/retail space and residential units
- Rear coach house included with the property
- Upper levels feature 3‑bedroom, 2‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,853
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,957,060
$2.0M
Cap Rate 7%
$1,397,900
$1.4M
Cap Rate 9%
$1,087,256
$1.1M
Market Conditions
NOI Build-Up for 4,416 SF
Gross rent
$170.1K $38.52/SF
− Vacancy
−$39.6K −$8.98/SF
EGI
$130.5K $29.54/SF
− OpEx
−$32.6K −$7.39/SF
NOI
$97.9K $22.16/SF
Area
ZIP 60618
Vacancy
23.30%
Lease Rate
$38.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,957,060
Cap Rate 7%
$1,397,900
Cap Rate 9%
$1,087,256
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,853 @ 7.0% cap · market cap 8.90%
Second Best
Mixed Use
$1.06M
$931.5K – $1.24M
NOI $74,520 @ 7.0% cap · market cap 6.78%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level office and retail space is paired with upper-floor residential units and a rear coach house.
Where is this mixed-use property located?
The property is located at 2310 W Belmont Ave 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: Four‑unit mixed‑use property with office/retail space and residential units; Rear coach house included with the property; Upper levels feature 3‑bedroom, 2‑bath units
