2732 W Belmont Avenue, Chicago IL 60618
Property Description
Rare opportunity to own a unique mixed-use property offering exceptional income and redevelopment potential. Located in a prime Avondale location just east of the California/Elston intersection...this 75' x 120' triple lot has 75 feet of frontage along Belmont Avenue and contains a fully renovated all-brick 2-flat , a large brick carriage house/garage, and a private parking lot...The brick 2-flat was completely renovated in 2019 and features two spacious 3-bedroom, 1-bath apartments with large living rooms, bay windows, separate dining rooms, modern kitchens with granite countertops and SS appliances, updated bathrooms with walk-in showers, engineered wood flooring, in-unit laundry, central heat and AC, and private outdoor decks. A shared ground-level patio provides additional outdoor space. The full unfinished basement offers approximately 7.5-foot ceilings and provides excellent storage or future expansion potential...The approx. 1,800 SF all-brick carriage house/garage features impressive 16.5-foot ceilings and offers various possibilities under M1 zoning, including workshop, studio, storage, light industrial, showroom, or other creative commercial uses (buyer to verify permitted uses)....The expansive side parking lot (approximately 50' x 90') provides abundant parking or future development opportunities. An outstanding opportunity for investors seeking stable rental income or owner-users looking for a flexible property with significant upside in one of Chicago's most desirable neighborhoods.
Features & Information
Key Details
- List Price $1,500,000
- Property Taxes $8,873
- Year Built 1913
- Status Active
- List Market Time 7
Units
-
Unit 1
- Floor 1
- Rooms 6
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors
- Rent $2,250/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires 02/27
-
Unit 2
- Floor 2
- Rooms 6
- Beds 3
- Baths 1
- Appliances Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Garage/Space, Hardwood Floors
- Rent $2,150/mo
- Tenant Pays Electric,Gas,Heat
- Lease Expires MTM
Exterior Features
-
Parking
- # of Cars: 12
Building Information
- Number of Units 2
- Age of Building 100+ Years
Location
- County Cook
- Township Jefferson
- Corporate Limits Chicago
- Directions to Property Western To Belmont, West To 2732; Or California/elston To Belmont, East To 2732.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
- School Name Schurz High School
-
Property Taxes
- Tax 8873.26
- Tax Year 2024
- Tax Exemptions Homeowner
- Parcel Identification Number 13244060330000
Listed by Craig Wolf for Strauss Realty Ltd | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 8/25/2026 9:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Avondale
In Avondale, you'll find yourself at home amongst beautiful new and vintage houses, green space, convenient transportation, and plenty of opportunities for recreation and fun. Community members welcome Avondale's parks as an extension of their own backyard playgrounds. Group gardening efforts, kids' camps, summertime movies in the park, and tons of other after school (or work) programs invite residents to gather together, learn new skills and stay active. The neighborhood's rich restaurant scene is also something to talk about with delicious Mexican food cafés, tasty pizza joints, quick-bite hot dog stands and popular coffee and doughnut shops. National brand name clothing stores and handy mega markets are also close by, establishing a prime location for everything you need within minutes of your front door.
Mortgage Calculator
- List Price${ formatCurrency(listPrice) }
- Taxes${ formatCurrency(propertyTaxes) }
- Assessments${ formatCurrency(assessments) }
- List Price
- Taxes
- Assessments
Estimated Monthly Payment
${ formatCurrency(monthlyTotal) } / month
- Principal & Interest${ formatCurrency(monthlyPrincipal) }
- Taxes${ formatCurrency(monthlyTaxes) }
- Assessments${ formatCurrency(monthlyAssessments) }
All calculations are estimates for informational purposes only. Actual amounts may vary.