- Status Sold
- Sale Price $1,490,000
- Bed 6 Beds
- Bath 6 Baths
- Location Lake View
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 at 1408 W Belmont. $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 & Southport. Street recently repaved and sidewalk widened - easy access to L stations, two blocks to Whole Foods, bus stop in front of property. Penthouse Unit 4 renovated 2018 with high-end kitchen. All units have newer mechanicals, in-unit W/D, rear decks. Seller is a licensed IL real estate broker.
General Info
- List Price $1,590,000
- Sale Price $1,490,000
- Bed 6 Beds
- Bath 6 Baths
- Taxes $25,556
- Market Time 16 days
- Year Built 2000
- Square Feet Not provided
- Assessments Not provided
- Assessments Include Not provided
- Listed by
- Source MRED as distributed by MLS GRID
Rooms
- Total Rooms 18
- Bedrooms 6 Beds
- Bathrooms 6 Baths
Features
- Heat Gas
- Air Conditioning Not provided
- Appliances Not provided
- Amenities Sidewalks, Street Lights, Street Paved
- Parking Space/s
- Age 21-25 Years
- Exterior Brick,Block
