2732 W Belmont Avenue Chicago, IL 60618 • Multi Unit - Multiple • New $1,500,000

Description

Rare opportunity to own a unique mixed-use property offering exceptional income and redevelopment potential. Located in a prime Avondale location just east of the California/Elston intersection...this 75' x 120' triple lot has 75 feet of frontage along Belmont Avenue and contains a fully renovated all-brick 2-flat , a large brick carriage house/garage, and a private parking lot...The brick 2-flat was completely renovated in 2019 and features two spacious 3-bedroom, 1-bath apartments with large living rooms, bay windows, separate dining rooms, modern kitchens with granite countertops and SS appliances, updated bathrooms with walk-in showers, engineered wood flooring, in-unit laundry, central heat and AC, and private outdoor decks. A shared ground-level patio provides additional outdoor space. The full unfinished basement offers approximately 7.5-foot ceilings and provides excellent storage or future expansion potential...The approx. 1,800 SF all-brick carriage house/garage features impressive 16.5-foot ceilings and offers various possibilities under M1 zoning, including workshop, studio, storage, light industrial, showroom, or other creative commercial uses (buyer to verify permitted uses)....The expansive side parking lot (approximately 50' x 90') provides abundant parking or future development opportunities. An outstanding opportunity for investors seeking stable rental income or owner-users looking for a flexible property with significant upside in one of Chicago's most desirable neighborhoods.

Property Highlights