6229-31 W Belmont Ave - Multi-Family FOR SALE


Chicago, IL 60634- Belmont Central
$899,000 USD
847-778-8746
6229-31 W Belmont Ave, Chicago, IL for Sale
$899,000 USD
Multi-Family - FOR SALE
1/11
null | 5.76% Cap Rate

6229-31 W Belmont Ave
Chicago, IL 60634
Belmont Central


HIGHLIGHTS

  • 6 Rear Surface Parking Spaces

OVERVIEW

6229-31 W. Belmont is a 6-unit multifamily asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Belmont Cragin neighborhood. The building features six residential units, consisting of two 1-bedroom apartments and four 2-bedroom apartments, offering a desirable and efficient unit mix for this renter-driven corridor. Built in 1959 with 4,900 rentable square feet, the property includes 6 rear surface parking spaces and features a clean, functional layout supported by tenant-paid electric and cooking gas and a building-owned laundry setup. Positioned along the active Belmont Avenue commercial strip, the asset benefits from strong neighborhood amenities, public transit access, and consistent rental demand, making it a compelling opportunity for investors seeking stable cash flow with operational upside.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

6

PRICE/UNIT

$149,833

CAP RATE

5.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

B3-1

APN/PARCEL ID

13-29-101-012-0000,13-29-101-013-0000

ASK ABOUT THIS PROPERTY

Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

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Matthew FritzshallTriton Realty Group, LLCMore Info
847-778-8746

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.