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33166474
33166459

1114 West Belmont Avenue, Chicago, IL 60657

BH
IL IL 475.165689
Greenstone Partners
CS
IL 475213250
Listed by Greenstone Partners
$4,200,000
33 days on market
Updated 22 days ago

1114 W Belmont Avenue | Bittersweet + 7 Apartments

Details
APN 14204220220000
Property Type Retail, Multifamily
Sub Type Apartment Building, Pastry shop (+1)
Square Footage 13,520
Net Rentable (SqFt) 13,520
Units 4
Cap Rate 6.62%
NOI $278,098
Occupancy 100%
Rent Bumps Yes
Lease Options None
Pro-Forma Cap Rate 8.47%
Pro-Forma NOI $355,798
Year Built 1918
Buildings 1
Stories 2
Lot Size (SqFt) 7,740
Zoning B3-2
Parking Spaces 4 spaces
Parking Per SqFt 0.30
Ground Lease No

Lakeview Mixed-Use Retail + Apartments | Uraban-Infill Chicago

Marketing description

Greenstone Partners, as the Exclusive Investment Advisor, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1114 W Belmont Avenue (the “Property”), a 100% leased, urban infill mixed-use investment located in Chicago’s Lakeview neighborhood. The Property consists of one (1) retail space, seven (7) apartment units, and four (4) garage parking spaces.

The ±13,520 square foot, two-story building is situated on ±7,740 square feet of land with approximately 62 feet of frontage along West Belmont Avenue. The ground-floor retail space is leased to Bittersweet Pastry Shop & Cafe, an award-winning, established neighborhood bakery that has operated since 1992, marking over 33 years in business. This location serves as Bittersweet’s flagship location and central production facility, where all baked goods are produced and distributed to its other two Chicago locations.

Positioned along the active Belmont Avenue corridor in the heart of Lakeview, the Property is three blocks from the CTA’s 8th busiest station, the Belmont ‘L’ Station, serving the Red, Brown, and Purple lines. The Belmont Station recorded 2,463,000 boardings in 2025. The location is supported by strong surrounding density, including DePaul University and a large base of young professionals, driving consistent demand for the apartment units. The Property also benefits from immediate access to CTA bus routes #8, #22, and #77, providing connectivity throughout Chicago.

The Property is surrounded by a dense retail corridor featuring a mix of national and neighborhood tenants, including Whole Foods Market, Target, Marshalls, Michaels, DSW, Petco, Binny’s, Starbucks, Chipotle, Dunkin’, Jimmy John’s, and Taco Bell. Located approximately 0.5 miles south of Wrigley Field, the Property benefits from proximity to one of Chicago’s most active entertainment and retail destinations.

The Whole Foods Market located approximately half a mile east of the Propertyn attracts over 1.3 million annual visitors, ranking #1 in visits among all Whole Foods locations in Illinois and placing in the top 3% nationwide. Further reinforcing the strength of the corridor, Whole Foods Market recently signed a new lease at 827 West Belmont Avenue, just a few blocks east of the Property.

The surrounding area is supported by strong demographics, including a 1-mile population of over 106,000, average household income of approximately $137,200, and a median home value exceeding $556,000.

Investment highlights

  • VALUE-ADD OPPORTUNITY WITH STABLE INCOME
  • BITTERSWEET - 33 YEARS + COMMISSARY KITCHEN
  • UNIQUE LOFT-STYLE APARTMENT UNITS WITH 14.5 FOOT CEILINGS
  • PRIME LAKEVIEW LOCATION
  • PROXIMITY TO DEPAUL AND WRIGLEY FIELD
  • HIGHLY WALKABLE + TRANSIT-SERVED LOCATION
  • SUPERIOR DEMOGRAPHICS

Listing Contacts

BH
IL IL 475.165689
Greenstone Partners
CS
IL 475213250
Listed by Greenstone Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$278,098.00
$23,174.83/mo

Valuation Metrics

0
DSCR
6.62%
Cap Rate
6.62%
ROI

Map

Zoning

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B3-2 CommercialRetail CommercialCommunity Shopping District
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Brewster Hague
License
IL 475.165689
Name
Connor Sheedy
License
475213250
Brokerage
Greenstone Partners
Brokerage Phone
4159714521
Title
Investment Sales Broker
Brokerage Address
1040 North Halsted Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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