Residential Income for Sale: 1408 W Belmont, Chicago, IL 60657 SOLD
6 beds
$1,490,000
$1,490,000
1408 W Belmont,
Chicago, IL 60657 SOLD
6 beds
$1,490,000
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Selling Price: $1,490,000
Original List Price: $1,590,000
Sold at 93.7% of list price
Sold Date: 08/16/2024
Type Residential Income
Beds 6
Year Built 2000
City Chicago
County Cook
School District 299
MLS 11986116
Status Closed
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.
Room Features
Basement Description None
Lot & Building Features
Heating Natural Gas
Parking Description Space/s
Sewer Public Sewer
Tax Year 2022
Water Lake Michigan, Public
Lot Dimensions 25X125 ft
Price History of 1408 Belmont, Chicago, IL
| Date | Name | Price | Difference |
|---|---|---|---|
| 12/31/1969 | Listing Price | $1,490,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
Listed by Compass, Matthew Lind
Sold by eXp Realty, LLC, Christopher Stone
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 Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Compass |