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Mixed-Use Property with Three Lots
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2955 W Belmont Avenue, Chicago, IL 60618

Storefront, apartments, church, and vacant bar create a varied mixed-use configuration.

Property SizeContact for details
Days on Market142

Property Features for 2955 W Belmont Avenue

General Information

Standard status Active
Property subtype Mixed Use

Units

Unit Mix 2 x 2BR, 1 x 3BR
Multifamily Units 3

Amenities

in-unit washer/dryer

Building Details

Tenancy Multi
Listing Agency: Realty of Chicago LLC
Listed By: Israel Valadez · License #IL 1009465
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 1:02AM

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 Realty of Chicago LLC

Investment Insights

Based on property information with market context.

The property comprises three separate lots with multiple existing improvements. The primary building combines a storefront with two two-bedroom apartments on the first floor and one three-bedroom apartment on the second floor. Each apartment includes an in-unit washer and dryer. A church occupies the second lot, while the third includes a vacant bar with a basement and a garage behind it. The buildings have received updates over the years, and roof replacements were completed several years ago; the garage is about 5 years old.

The property is located at the Belmont Avenue and Sacramento intersection in Chicago, near transportation, shopping, and entertainment. Rent is collected from the existing improvements other than the bar and one bedroom in an apartment, while all leases are month to month. The garages are not currently rented.

Key Highlights

  • Three separate lots at 2955 W Belmont Avenue
  • Main building includes a storefront and three apartments
  • Two 2‑bedroom units on the 1st floor and one 3‑bedroom unit on the 2nd floor

Property Analytics

Current Use

Iglesia Cristiana Fuerte ... Church

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Barber Shop Nursing Home Travel Agency Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,096
Businesses Nearby

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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Storefront, apartments, church, and vacant bar create a varied mixed-use configuration.
Where is this mixed-use property located?
The property is located at 2955 W Belmont Avenue Chicago, IL.
What are key features of this property?
This property features: Three separate lots at 2955 W Belmont Avenue; Main building includes a storefront and three apartments; Two 2‑bedroom units on the 1st floor and one 3‑bedroom unit on the 2nd floor
(708) 518-5154 Call to check price and availability
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