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    3437 Belmont Ave Chicago, IL 60618

    Sponsored
    For Sale
    $475,000

    Prime Chicago residential lot, ideal for TOD.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 3,125 square foot vacant lot presents a remarkable opportunity for transit-oriented development (TOD) in Chicago's vibrant Avondale/Logan Square neighborhood. Located at 3437 W Belmont Ave, this property boasts a convenient location approximately 504 feet from the CTA Blue Line's Belmont stop, providing easy access to public transportation. The lot, measuring 25' x 125', is zoned C1-1 and features a curb cut on Belmont Street. Its strategic position offers excellent visibility and accessibility, situated across the street from a Walgreens and just a block from an Aldi grocery store. Easy access to I-90/94 further enhances its appeal. The property is listed at $475,000, with 2023 taxes totaling $1,277. The Cook County tax PIN is 13-26-202-009. This site, within the 35th Ward (Alderman Carlos Ramirez-Rosa), represents a compelling investment in a rapidly growing area. The property's size and zoning make it suitable for a variety of residential development projects, capitalizing on the high demand for housing in this desirable location. Don't miss this chance to acquire a prime development site in one of Chicago's most sought-after neighborhoods.

    Property Features for 3437 Belmont Ave

    General Information

    Property type
    Land

    HighLights

    • Vacant land priced at $475,000.
    • ±3,125 square foot lot, approximately 0.072 acres.
    • Dimensions: 25' x 125'.
    • Curb cut on Belmont Street.
    • C1‑1 zoning.
    • Located in the 35th Ward (Alderman Carlos Ramirez‑Rosa).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.714068428996
    Latitude
    41.939279965323

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    FAQs

    What type of property is this?
    Land - Prime Chicago residential lot, ideal for TOD.
    Where is this land located?
    The property is located at 3437 Belmont Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Vacant land priced at $475,000.; ±3,125 square foot lot, approximately 0.072 acres.; Dimensions: 25' x 125'.
    (312) 558-3858
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    3437 Belmont Ave Chicago, IL 60618
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3437 Belmont Ave Chicago, IL 60618
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