Sold for $1,490,000 on 8/16/24
| Beds |
Baths |
Built |
Sq.Ft. |
Garage |
Taxes |
On Market |
| 6 |
— |
2000 |
— |
0 |
$25,556 |
330 days |
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.
Listing courtesy of Compass
1408 W Belmont Ave. is a multi-unit home built in 2000, and is located in Chicago, IL, in the Lake View neighborhood. It has 6 bedrooms and — bathrooms, and has annual property taxes of $25,556.
Marco Amidei
(888) 32-Marco (847) 630-4886
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