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Image 1 - 1408 W Belmont Ave, Chicago, Illinois, 60657 - House for sale
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Image 4 - 1408 W Belmont Ave, Chicago, Illinois, 60657 - House for sale
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W Belmont Ave, Chicago, Home For Sale
1408 W Belmont Ave, Chicago, Illinois, 60657

W Belmont Ave, Chicago, Home For Sale

house for sale
Listed: 06/29/24

1408 W Belmont Ave, Chicago, Illinois, 60657

6 Bed:
6 Bath:
4,500 Sq Ft Living Area:
Save
Price
$ 1,59M

About This House

Investment opportunity in highly desirable Southport Corridor - three residential condo units (Units 2, 3, and 4) comprising 100% ownership of the HOA and common elements at1408 WBelmont. $112k annual / $9.5k monthly rental income. Fully leased - Unit 2 is month-to month, Units 3 and 4 occupied thru March 2025. Excellent tenants pay on time. Rear half of lot (approx. 25x50ft) used as parking - eligible for ADU, may be redeveloped to extend current building footprint, add garage and/or additional unit(s). Unit 1 ground floor commercial is separately owned and not included in sale / sold separately. Prime location near corner of Belmont and Southport. Street recently repaved and sidewalk widened - easy access to L stations, two blocks …  Full description

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Lake View Housing & Living

Household Income

Median household income: $57,238
Number of households: 1,1M
The average household income in Chicago, IL grew from $55,295 to $57,238 in the past year. This data is an estimate based upon 1,1M households in Chicago, IL.
The chart below presents how household income is distributed in Chicago, IL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago, IL equals $3k+ , which is more than the national average.