Discover an iconic mixed-use building situated at the bustling intersection of Belmont and Long. Existing tenants include a vibrant dance studio and a prominent insurance company on the 1st floor, ensuring immediate income. With a current occupancy rate of 50%, this prime property offers an excellent opportunity for prospective owners. The available space can be utilized for a variety of purposes, catering to professions such as dentistry, chiropractic services, accounting, legal practices, and more. Seize the chance to customize the space for your own business needs or explore the potential for generating additional income by converting it for alternative uses. The once-used radio station office space can be transformed back into 2 spacious residential apartments, while the office space overlooking Belmont Ave. could be used as additional office space or become a 3rd apartment. Convenient location with easy access to amenities, public transportation, street parking, and a 2-car garage. An investor's dream or an entrepreneur's canvas, this property is brimming with potential. The estimated ARV is $1.4M with $135k annual income. Real estate taxes can be appealed once residential tenants are established. So don't miss out! Cash offers welcome.
Property Map
Please use the print button to include maps when printing.
For more information about 5358 W Belmont, Chicago, IL 60641 contact Corcoran Urban Real Estate.
Broker Reciprocity
Listing provided by Weichert Realtors Ambassador
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.