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Property profile

1650 Belmont Ave Chicago, IL 60657

OFF-MARKET
Commercial real estate
Property ID
US28-5321355
Last sale Feb 2026 · $220,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 1,050 square foot, Class B retail condominium in Chicago's desirable Lakeview neighborhood (60657) presents a compelling investment opportunity. Built in 2015, this single-tenant property boasts a 100% occupancy rate with a current lease to a salon operator. The lease is in year 2 of a 3-year term, with three 1-year renewal options, ensuring consistent cash flow. Located at 1650 W Belmont Ave, the property features a dedicated entrance and excellent street visibility, maximizing its…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$14k
Tax billed · 2022
Assessed value$66k
Assessed land$393
Assessed improvement$65k
Effective rate21.14%

Value estimate

· Oct 2026
$185k
$167k – $204k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$435/SF
Submarket average, outlier-cleaned · 999 recorded sales of this use type
Observed band · Q1–Q3$141 – $917

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: Laundromat
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundromat10.1
Shoe Repair9.3
Assisted Living Facility8.8

Location

1650 Belmont Ave Chicago, IL 60657-7248
County assessor Recorded deeds · not on file Qualifying comp sales · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2915 Lincoln, Chicago, IL 60657-4108 $345,000 Oct 2025 No data
3255 Paulina St, Chicago, IL 60657-1014 $110,000 May 2025 No data
3530 Ashland, Chicago, IL 60657-4016 $150,000 Mar 2025 No data
1942 Belmont, Chicago, IL 60657-2025 $750,000 Mar 2025 9,100 SF
1940 Belmont, Chicago, IL 60657 $750,000 Mar 2025 9,100 SF
3207 Clifton, Chicago, IL 60657-4900 $542,500 Jan 2025 No data
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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