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    3110 Belmont Ave Chicago, IL 60618-5788

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    3110 Belmont Ave Chicago, IL 60618-5788


    • Retail residential properties
    • 1,200 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Mar 15, 2024
    $2,200,000
    Property ID
    US28-5735534
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,200,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Websfix / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • Dr. Golie Keovan / Physician
    • Dr. Hina Lodhia / Physician
    • Hina Ali Lodhia / Physician

    Property Details for 3110 Belmont Ave

    Year built
    1936
    Lot size
    0.07 lot acres
    Property size
    1,200 SF
    Property type
    Retail residential properties
    APN
    13-24-318-037
    APU
    1324318037

    Description

    This exceptional eight-unit mixed-use building, constructed in 2008, presents a compelling investment opportunity in Chicago's vibrant Avondale neighborhood. The property boasts 16,234 square feet and comprises six spacious, full-floor residential units. Each apartment offers approximately 2,000 square feet of living space, featuring three bedrooms, two bathrooms, fireplaces, granite countertops, stainless steel appliances, and private balconies. These high-end finishes cater to a discerning clientele. Adding to the property's income stream are two retail spaces currently leased to established medical tenants under long-term agreements, ensuring consistent rental revenue. The building is currently fully occupied, presenting a significant opportunity to increase rental income given several below-market leases. Further potential exists to enhance the property's value by adding rooftop decks, offering stunning downtown skyline views. Convenient amenities include indoor parking for six vehicles and an elevator, enhancing the appeal for both residents and tenants. The building's prime location provides easy access to the expressway and the CTA Blue Line, further increasing its desirability. This well-maintained brick building offers a rare blend of residential and commercial income, making it an ideal investment for discerning buyers.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,200,000
      ML approach
      $2,200,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,533,000
      Market price range: $182k - $1.53M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7058
    Latitude
    41.9396
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $11,876
    $5,400
    $52,143
    $57,543
    -
    $54,000
    $521,430
    $575,430
    More about this property
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