Financial
Distress signals
Property profile

1622 Belmont Ave Chicago, IL 60657

OFF-MARKET
Retail space
Property ID
US28-1366232
1,900 SF 0.07 ac lot Built 1959
Last sale Jul 2025 · $975,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a bar and tavern built out to 2,680 square feet with a front patio and an interior layout centered on a long bar. The main room includes three bar stations and 12 beer taps, with a full kitchen equipped with a hood and black iron, as well as a fireplace, a DJ booth, a video game, and a garage-style front wall opening toward the patio. The rear portion contains a full walk-in cooler, office, and storage, and includes two ADA-accessible bathrooms. The premises are supported by

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$20k
Tax billed · 2022
Assessed value$94k
Assessed land$49k
Assessed improvement$45k
Effective rate21.14%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$327/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$235 – $415
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOOK

Location intelligence

Which uses thrive at this corner?
Best fit: Food Market
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Food Market12.4
Laundromat10.9
HVAC Service10.2

Location

1622 Belmont Ave Chicago, IL 60657-3018
County assessor Recorded deeds · 7 transfers 12 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3040 Lincoln, Chicago, IL 60657-4208 $1,710,000 Jan 2026 5,000 SF
3027 Lincoln, Chicago, IL 60657 $1,150,000 Dec 2025 1,500 SF
3332 Lincoln, Chicago, IL 60657-1108 $46,000 Dec 2024 2,300 SF
1412 Belmont, Chicago, IL 60657-2111 $675,000 Nov 2024 1,700 SF
1901 Wellington, Chicago, IL 60657-4029 $637,500 Jul 2024 2,100 SF
3130 Lincoln, Chicago, IL 60657-3117 $980,000 Nov 2023 2,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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