1408 W BELMONT AVE
CHICAGO, IL 60657
$1,590,000
6 Beds
6 Baths
N/A Sq Ft
Status Active
MLS# 11986116
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.
Details for 1408 W BELMONT AVE
Built in 2000
6 parking spaces
Natural Gas
12 Days on website
Area Information for 1408 W BELMONT AVE
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