Mixed-Use Property Near Upcoming
For Sale
$2,850,000
901 W Belmont Avenue, Chicago, IL 60657
Vacant mixed-use property with commercial spaces and apartments near development.
Property SizeContact for details
Days on Market488
Property Features for 901 W Belmont Avenue
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$27,395
Building Details
Year Built
1905
Listing Agency:
BUCKINGHAM PROPERTY MANAGEMENT INC
(773) 401-2462
Listed By:
JOHN MOUMOURIS
Source:
Corcoran
Added: Apr 29, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 BUCKINGHAM PROPERTY MANAGEMENT INC
Investment Insights
Based on property information with market context.
This property features a 37.5'x148' lot with B3-3 zoning and TOD designation. It includes two commercial spaces and four recently renovated studio apartments ready for rental. Additionally, there are four more units currently undergoing renovation to be converted into two 2-bedroom apartments. Building survey and drawings are available for the 2-bedroom renovations. The entire property is vacant. There is an additional structure on the back half of the property that was previously rented as a 4 bed 2 bath duplex coach house but is currently not viable/legal to rent. The property's location, size, and zoning offer significant potential. A new 5-story, 46-unit project by Mavrek Development is scheduled to break ground in May 2025, located steps away at 925 W. Belmont.
Key Highlights
- Large 37.5'x148' Lot with B3‑3 Zoning and TOD designation.
- Prime location near a new 5‑story, 46‑unit development.
- Mix of commercial and residential units: 2 commercial spaces and 4 renovated studio apartments.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,406
Businesses Nearby
Explore this area
Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Vacant mixed-use property with commercial spaces and apartments near development.
Where is this apartment building located?
The property is located at 901 W Belmont Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Large 37.5'x148' Lot with B3‑3 Zoning and TOD designation.; Prime location near a new 5‑story, 46‑unit development.; Mix of commercial and residential units: 2 commercial spaces and 4 renovated studio apartments.
