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32602387
32602396

5544 W Belmont Avenue, Chicago, IL 60641 For Sale

Baird & Warner
Listed by Baird & Warner
$895,000
69 days on market
Updated 32 days ago

5544 W Belmont Avenue

Details
APN 13213270190000
Property Type Mixed Use, Office (+1)
Sub Type Traditional Office, Storefront (+1)
Units 3
Cap Rate 8.00%
NOI $80,171
Year Built 1930
Stories 3
Lot Size (SqFt) 3,137
Zoning COMMR

Mixed Use | 8.00% CAP

Marketing description

3-unit mixed use property on the border of Portage Park and Belmont Cragin. Rebuilt in 2013, with new mechanicals and interior finishings. Everything from the brick walls in was replaced. The commercial space is as a 4000+ sq. foot medical clinic on 2 levels. The main level features approximately 2625 sq. feet with a waiting room, exam and procedure rooms, office and staff kitchen spaces. The lower-level features approximately 1450 sq. feet with additional private office space. The space has potential to be subdivided and is available for rent for $4500/month. Tenant pays the utilities. Owner pays the property tax. Other uses for the space could be a spa/yoga/wellness center, legal or CPA offices or a training facility. Separate HVAC, hot water tanks and electric for all units. Other features include drain tile & sump pump-2025 & a generator for the commercial space. A separate entrance on the east side of the building provides access to the 2nd & 3rd floor apartments. Each apartment features 6 rooms, 3 bedrooms & 1 bath, with maple cabinet kitchens, in unit laundry, and separate mechanicals. Carport parking in the rear for 2 cars.
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Listing Contacts

Baird & Warner
Listed by Baird & Warner

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$80,171.00
$6,680.92/mo

Valuation Metrics

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DSCR
8.96%
Cap Rate
8.96%
ROI

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