1722 W Belmont Ave
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1722 W Belmont Ave
4 Unit Block of Flats £1,844,729 (£461,182/Unit) Chicago, IL 60657
Investment Highlights
- Turn-key. 100% rented and occupied.
- Highly desirable location. Easy to manage and rent.
- Newer Construction. High-end finishes.
Executive Summary
Presenting a fully leased, high-end multifamily building, offering turnkey investment potential. This newly constructed property features four occupied units: three identical residential units (3 bedrooms, 2 baths each) and a ground-floor retail space, collectively generating a total annual income of 199,200. Residential units feature a living room, dining room, chef's kitchen with custom cabinets, granite counters, cook top stove, built-in oven and microwave and dishwasher. All high-end stainless appliances. Three large bedrooms including a primary bedroom with stone primary bath with double bowl vanity sink, soaking air jet tub, separate shower and heated floors. The primary bedroom has large walk-in organized closets. Bedroom two and three both include organized closets. The second bathroom featured a stone bath. Hardwood floors throughout. Custom lighting and window treatments. In-unit washer and dryer. Individual controlled HVAC. High efficient tankless hot water heaters in each unit. Each unit has a front terrace and a rear deck. The top floor unit includes the roof deck buildout with composite deck, gas hook up, water hook up and skyline views. Each residential unit includes parking for two tandem cars in a gated and covered parking pad. Perfect location close to Whole foods, Paulina Brown Line and so much more. Easy building to manage and keep as a rental. All unit utilities paid for by tenants. Rental amounts are as listed: retail unit 2,900, unit 2 is 4,300, units 3 is 4,500 and unit 4 is 4,900. A member of the LLC holds an IL real estate license. The listing broker is not a member of the LLC.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £156,684 | £32.27 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £156,684 | £32.27 |
Taxes | £20,444 | £4.21 |
Operating Expenses | - | - |
Total Expenses | £20,444 | £4.21 |
Net Operating Income | - | - |
Financial Summary (Actual - 2024)
Gross Rental Income | |
---|---|
Annual | £156,684 |
Annual Per SF | £32.27 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £156,684 |
Annual Per SF | £32.27 |
Taxes | |
---|---|
Annual | £20,444 |
Annual Per SF | £4.21 |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £20,444 |
Annual Per SF | £4.21 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Moulding
- Double Vanities
- Kitchen
- Granite Countertops
- Wooden Floors
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Walk-In Closets
- Grill
- Deck
- Double Pane Windows
- Freezer
- Intercom
- Patio
Site Amenities
- Fenced Lot
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
3+2 | 3 | £3,611 | - |
Studios | 1 | £2,276 | - |
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
Parcel Number | 14-19-434-031-0000 | Total Assessment | £94,199 (2023) |
Land Assessment | £29,437 (2023) | Annual Taxes | £20,444 (£4.21/sf) |
Improvements Assessment | £64,762 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14-19-434-031-0000
Land Assessment
£29,437 (2023)
Improvements Assessment
£64,762 (2023)
Total Assessment
£94,199 (2023)
Annual Taxes
£20,444 (£4.21/sf)
Tax Year
2024
zoning
Zoning Code | B3-2 (Community Shopping District) |
B3-2 (Community Shopping District) |
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1722 W Belmont Ave
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