Corner Storefront
For Sale
$399,999
7714 W Belmont Avenue, Chicago, IL 60634
Established tenant occupancy, 1957 construction, and CTA access support a range of commercial uses.
Property Size1,500 SF
Days on Market140
Property Features for 7714 W Belmont Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,904
Building Details
Building Size
1,500 SF
Year Built
1957
Stories
1
Units
1
Listing Agency:
Hometown Real Estate
(773) 625-1121
Listed By:
Nikki Mayer · License #471010465
(773) 625-1121
Source:
Perillorealestategroup
Added: Mar 27
Changed: Aug 7
Last Checked: Aug 12 at 12:34PM
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 Hometown Real Estate
Investment Insights
Based on property information with market context.
This storefront property at 7714 W Belmont Avenue was built in 1957 and is occupied by a longtime tenant. Its corner position includes CTA access, adding a transit connection to the property’s commercial setting.
The property is presented for potential use as stores, offices, personal services, a restaurant, or a medical building. It may also be acquired together with 7710-12 Belmont, providing a potential opportunity to combine the two offerings.
The property is presented for potential use as stores, offices, personal services, a restaurant, or a medical building. It may also be acquired together with 7710-12 Belmont, providing a potential opportunity to combine the two offerings.
Key Highlights
- Storefront property at 7714 W Belmont Avenue, Chicago, IL 60634
- Built in 1957
- Longtime tenant in place
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,820
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,400
$416.4K
Cap Rate 7%
$297,429
$297.4K
Cap Rate 9%
$231,333
$231.3K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.4K $21.60/SF
− Vacancy
−$2.7K −$1.77/SF
EGI
$29.7K $19.83/SF
− OpEx
−$8.9K −$5.95/SF
NOI
$20.8K $13.88/SF
Area
ZIP 60634
Vacancy
8.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,400
Cap Rate 7%
$297,429
Cap Rate 9%
$231,333
Alternative Uses
Best Use
Retail
$297.4K
$260.3K – $347.0K
NOI $20,820 @ 7.0% cap · market cap 5.21%
Second Best
Office B
$295.5K
$258.5K – $344.7K
NOI $20,683 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$409.0K
$357.9K – $477.2K
NOI $28,631 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
Market
Vacancy Rate% for Office in Chicago, IL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Established tenant occupancy, 1957 construction, and CTA access support a range of commercial uses.
Where is this storefront property located?
The property is located at 7714 W Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Storefront property at 7714 W Belmont Avenue, Chicago, IL 60634; Built in 1957; Longtime tenant in place
