6257 W Belmont Avenue, CHICAGO IL 60634 Photo 1 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 2 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 3 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 4 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 5 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 6 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 7 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 8 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 9 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 10 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 11 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 12 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 13 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 14 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 15 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 16 6257 W Belmont Avenue, CHICAGO IL 60634 Photo 17
Listing Courtesy of Baird & Warner

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6257 W Belmont Avenue - BELMONT CRAGIN, A COMMUNITY OF SINGLE FAMILY HOMES, IS KNOWN ADMIRINGLY AS THE "BUNGALOW BELT". THE NEIGHBORHOOD'S BELMONT CORRIDOR IS QUICKLY FILLING WITH NEW DEVELOPMENT BY SOME OF CHICAGO'S FOREMOST LUXURY DEVELOPERS. JOIN THE COMMERCIAL REAL ESTATE UPSWING WITH 6257 W. BELMONT, A MIXED-USE SOLID PERFORMER. FEATURING A LIQUOR STORE & TWO RETAIL STORES ON THE GROUND FLOOR, SMALL BUSINESS OWNERS CAN BE SUPPORTED BY THE FIVE APARTMENTS ON THE SECOND FLOOR. ***THE PRO-FORMA CAP RATE ON THIS OFFERING IS 6%*** LIQUOR BUSINESS IS INCLUDED IN THIS LIST PRICE BUT CAN BE OFFERED SEPARATELY @ $175,000. GROSS ANNUAL INCOME ON BUSINESS IS $400K. ACTUAL GROSS RENTAL INCOME IS CURRENTLY $58,800. GREAT VALUE ADD OPPORTUNITIES FOR SEASONED REAL ESTATE PROS. 8 TOTAL SPACES!! NATIONAL RETAIL NEARBY SUCH AS CVS PHARMACY .1 MILE AWAY. BUS ROUTE (77) ON BELMONT CREATES FOOT TRAFFIC. ONE OF THE APARTMENTS HAS GREAT POTENTIAL FOR OWNER, FEATURING PRIVATE PORCH. PURCHASE REAL ESTATE W/O BIZ FOR $1,470,000

Listing information

  • MLS® ID: 09307424
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Mixed Use
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1960
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $10,262

Features

Air Conditioning Central Air
Approximate Age Older
Built Before 1978 (Y/N) Yes
Franchisor Feed(y/n) No
Geographic Locale Chicago Northwest
Heat/Ventilation Forced Air, Gas
Indoor Parking 1-5 Spaces
Information 24-Hr Notice Required
Other # Of Apts - 5, # Of Offices - 0, # Of Units - 8, Electricity Expense - 0, Fuel Expense - 0, Gross Rent Multiplier - 16, Gross Rental Income $ - 10110, Insurance Expense - 0, Monthly Rental Price - 1000, Net Oper Income $ - 0, Other Expenses - 0, Scavenger Expense - 0, Tax Year - 2015, Total Annual Exp - 0, Total Annual Income - 101100, Total Monthly Income - 8425, Township - Jefferson, Water Expense - 0, Zoning Type - Multi
Outdoor Parking 1-5 Spaces
Property Type Mixed Use
Tenant Pays Air Conditioning, Electric, Heat
Listing Courtesy of Baird & Warner