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6229 W Belmont Ave Chicago, IL 60634

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For Sale
Contract
$899,000

Six-unit multifamily property in Chicago's Belmont Cragin neighborhood.

Lot size:
0.07 Acres

Property Features for 6229 W Belmont Ave

General Information

Standard status
Contract
Lot size
0.07 Acres

Building Details

Year built
1955

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Listing Contact
Lukasz Wojcik
Source: Corcoran

Listing Agency: TRITON REALTY GROUP LLC Listing Agent: Lukasz Wojcik

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Belmont Cragin Multifamily Investment Property

The property at 6229-31 W. Belmont is a six-unit multifamily asset located in Chicago's Belmont Cragin neighborhood. Constructed in 1959, the building contains two 1-bedroom apartments and four 2-bedroom apartments. The property includes six rear surface parking spaces and a building-owned laundry setup. Tenants are responsible for paying their electric and cooking gas. The roof was replaced in 2014. The boilers have been replaced in the last four years, and six new heating pumps have been installed. Newer circuit-breakers and other electrical components were installed in 2017. Situated along Belmont Avenue, the asset benefits from neighborhood amenities, public transit access, and rental demand. This property presents an opportunity for investors seeking stable cash flow with operational upside.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7822374
Latitude
41.938113

FAQs

What type of property is this?
Apartment building - Six-unit multifamily property in Chicago's Belmont Cragin neighborhood.
Where is this apartment building located?
The property is located at 6229 W Belmont Ave Chicago, IL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: - Strong rental demand in a renter-driven corridor ensures stable cash flow.; - Desirable unit mix of two 1-bedroom and four 2-bedroom apartments.; - Recent capital improvements including a tear-off roof (2014) and newer boilers (last 4 years).
More about this property
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