7716 W Belmont Avenue Chicago, IL 60634
COMMERCIAL - Chicago, IL
Property Features for 7716 W Belmont Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- RTAIL
- Standard status
- Active
- APN
- 12243290300000
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10949
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1960
- Number of units
- 1
- Building materials
- Brick
Listing agent Joe Zivoli (847) 640-6800
Listing office USA Real Estate Ltd. 1005 S Arlington Heights Rd, Arlington Heights, IL (847) 640-6800
Listing date Jul 13, 2026
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located in a high-traffic commercial area just off the corner of Belmont Ave & Overhill Ave, with street parking plus two designated parking spaces located behind the building. It is currently occupied by Societa Maria SS Addolorata Mola di Bari members.
Zoned RTAIL, the space is well suited for retail, office, medical, restaurant, or private use by an owner-user or investor, subject to applicable regulations.
Key Highlights
- One‑story neighborhood retail store with approx. 1,725 Sqft interior space (23 ft x 75 ft)
- Brick construction; central air
- ADA bathroom plus office and storage room
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $21.60 |
| − Vacancy | −$3.1k | −$1.77 |
| EGI | $34.2k | $19.83 |
| − OpEx | −$10.3k | −$5.95 |
| NOI | $23.9k | $13.88 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Anjeli Flowers — Anjeli Flowers, 7643, 7643 W Belmont Ave, Elmwood Park, IL 60707
- Robert's Floral Design Studio — 3015 N Harlem Ave, Chicago, IL 60634
- Royal Flowers and Gallery - Flower Shop in Chicago — 3404 N Harlem Ave, Chicago, IL 60634
