$1,324,000
Est. payment /mo
4,200 SqFt
New
1020 W Belmont AVE Chicago, IL 60657
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $315
MLS Listing ID 12753906
Year Built 1911
Annual Tax Amount $21,645
Tax Year 2025
Lot Dimensions 2750 SF
Property Sub-Type Mixed Use
Property Description
Rare opportunity to own a well-located, three-unit mixed-use building in the heart of Lake View, just steps from the CTA Belmont Red/Brown/Purple Line stop and a short walk to Wrigley Field. This property offers a unit mix of (1) ground-floor commercial storefront and (2) 3-bedroom/1-bath residential units, each approximately 1,200 SF. The property features central air, separate electric panels, common-area laundry, and two exterior parking spaces. The ground-floor commercial space is fully leased through 2030 to 404 Burgers | Barbecue, a fast-growing local operator offering durable, long-term income at the base of the investment. Current rent roll totals $9,000/month across all three units: the commercial unit at $3,200/month with 2% annual increases, and the two residential units at $2,900/month each (leases expiring 5/31/27 and 6/30/27), both currently renting below market with clear upside on renewal or turnover. Positioned directly on the bustling Belmont Avenue corridor, the property benefits from heavy year-round and game-day foot traffic tied to Wrigley Field and the surrounding Wrigleyville, Northalsted, and Lakeview East retail and nightlife districts, alongside easy access to the Lakefront Trail and Lincoln Park. With strong neighborhood demographics, this offering combines in-place income with meaningful upside for an investor looking to add a stabilized, transit-served asset to their portfolio.
Location
State IL
County Cook
Area Chi - Lake View
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Block,Stone
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Listed by Quinn Evans of Essex 312, LLC
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