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Mixed-Use 4-Unit Building
For Sale
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3716 W Belmont Ave, Chicago, IL 60618

Four-unit mixed-use property with two ground-floor live/work units and two residential apartments above.

Days on Market285

Property Features for 3716 W Belmont Ave

General Information

Standard status Active
Property subtype RETAIL

Additional Details

Cap Rate 6.67%

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Sotheby's - Jameson | Lincoln Park
Listed By: Mark Raffaelli · License #475143938
Source: Moodyscre
Added: Oct 21, 2025 Changed: Jul 29 Last Checked: Aug 1 at 5:33AM

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 Sotheby's - Jameson | Lincoln Park

Investment Insights

Based on property information with market context.

This four-unit mixed-use building includes two live/work units on the ground floor and two residential apartments on the upper level. Quality updates have been completed within the past 10 years, supporting long-term ownership and rental stability.

The property is located at 3716 W Belmont Ave in Avondale and is offered for sale. The current offering cites a 6.67% cap rate.

Key Highlights

  • 4‑unit mixed‑use building with two ground‑floor live/work units and two residential apartments above
  • Quality updates completed within the past 10 years
  • 6.67% cap rate provided in the remarks

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Law Firm Nursing Home Skin Care Clinic Home Appliance Store (Bike/Boat/Book/etc) Store Bed & Breakfast

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,138
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 Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - Four-unit mixed-use property with two ground-floor live/work units and two residential apartments above.
Where is this live-work space located?
The property is located at 3716 W Belmont Ave Chicago, IL.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 4‑unit mixed‑use building with two ground‑floor live/work units and two residential apartments above; Quality updates completed within the past 10 years; 6.67% cap rate provided in the remarks
(312) 371-4812 Call to check price and availability
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