3159 W Belmont Ave Chicago, IL
Call to check price and availability
High-traffic corner location with long-term tenants and value-add potential.
Type:RETAIL
Property size:
18,812 SFLot size:
0.25 AcresPrice / SF:
$263/SF- Added:
- Dec 17, 2024
- Days on Market:
- 502
- Last Refresh:
- Apr 5 at 9:46 pm
Property Features for 3159 W Belmont Ave
General Information
- Standard status
- Active
- Size
- 18,812 SF
- Lot size
- 0.25 Acres
- Property subtype
- RETAIL
Listing agent Joyce Gallo (847) 404-2500
Listing office @Properties | Chicago (North) (847) 404-2500
Listing date Dec 17, 2024
Source Moodyscre
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 @Properties | Chicago (North)
Overview
Prime Corner Mixed-Use Investment
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.
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.8024
- Latitude
- 41.9378
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - High-traffic corner location with long-term tenants and value-add potential.
Where is this mixed-use property located?
The property is located at 3159 W Belmont Ave Chicago, IL.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Prime corner location at the intersection of three major avenues (Belmont, California, and Elston) with high traffic volume.; Significant potential to increase rental income by raising rents to current market rates.; Substantial land square footage with a corner building of 18,812 square feet and an additional 4,500 square foot lot.
