1408 Belmont Avenue, Lake View, Chicago, Illinois 60657
$1,490,000
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 6 |
| Baths: | 0 |
| Year Built: | 2000 |
| Property Taxes: | $25,556 |
| Days On Market: | 450 |
| Lot Size: | 0,00 |
Description
Investment opportunity in highly desirable Southport Corridor - three residential condo units (Units 2, 3, and 4) comprising 100% ownership of the HOA and common elements at 1408 W Belmont. $112k annual / $9.5k monthly rental income. Fully leased - Unit 2 is month-to month, Units 3 and 4 occupied thru March 2025. Excellent tenants pay on time. Rear half of lot (approx. 25x50ft) used as parking - eligible for ADU, may be redeveloped to extend current building footprint, add garage and/or additional unit(s). Unit 1 ground floor commercial is separately owned and not included in sale / sold separately. Prime location near corner of Belmont & Southport. Street recently repaved and sidewalk widened - easy access to L stations, two blocks to Whole Foods, bus stop in front of property. Penthouse Unit 4 renovated 2018 with high-end kitchen. All units have newer mechanicals, in-unit W/D, rear decks. Seller is a licensed IL real estate broker.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 2000 | |
| — | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| — | |
| 11986116 | |
| 14203290471003 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 16 Aug, 2024 | Sold | $1,490,000 | MRED MLS |
| 3 Jul, 2024 | Under contract | $1,590,000 | MRED MLS |
| 18 Jun, 2024 | Listed for sale | $1,590,000 | MRED MLS |
Room Specifics
Total Bedrooms: 6
Bedrooms Above Ground: 6
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 6
Bathroom Amenities: Separate Shower,Double Sink,Soaking Tub
Bathroom in Basement: 0
Rooms: —
Basement Description: None
Other Specifics
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| 25X125 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2024 | $25,556 |
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