1020 W Belmont Avenue,Chicago, IL 60657
Chicago, IL 60657
Description
Rare opportunity to own a well-located, three-unit mixed-use building in the heart of Lake View, just steps from the CTA Belmont Red/Brown/Purple Line stop and a short walk to Wrigley Field. This property offers a unit mix of (1) ground-floor commercial storefront and (2) 3-bedroom/1-bath residential units, each approximately 1,200 SF. The property features central air, separate electric panels, common-area laundry, and two exterior parking spaces. The ground-floor commercial space is fully leased through 2030 to 404 Burgers | Barbecue, a fast-growing local operator offering durable, long-term income at the base of the investment. Current rent roll totals $9,000/month across all three units: the commercial unit at $3,200/month with 2% annual increases, and the two residential units at $2,900/month each (leases expiring 5/31/27 and 6/30/27), both currently renting below market with clear upside on renewal or turnover. Positioned directly on the bustling Belmont Avenue corridor, the property benefits from heavy year-round and game-day foot traffic tied to Wrigley Field and the surrounding Wrigleyville, Northalsted, and Lakeview East retail and nightlife districts, alongside easy access to the Lakefront Trail and Lincoln Park. With strong neighborhood demographics, this offering combines in-place income with meaningful upside for an investor looking to add a stabilized, transit-served asset to their portfolio.
Details
| MLS # | 12753906 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 25 |
| Listing Provided By | Essex 312, LLC | Quinn Evans |
Features
| SQ Feet | 4,200 |
|---|---|
| Story(s) | 3 |
| Units | 3 |
Interior
| Cooling | Central Air |
|---|
Exterior
| Construction Materials | Block, Stone |
|---|
Utilities
| Electric | Circuit Breakers, Separate Meters |
|---|
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 21645.1 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60657 |
| Area | CHI Lake View |
| Listing VS Median (in 60657) | |
Price: $1,324,000 low | high Med: $339,000 sqft: 4,200 low | high Med: 1,117 $ / sqft: $315 low | high Med: $344 On site: 25 low | high Med: 35.5 | |
Market Activity 60657
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60657 |
| Area | CHI Lake View |
| Listing VS Median (in 60657) | |
Price: $1,324,000 low | high Med: $339,000 sqft: 4,200 low | high Med: 1,117 $ / sqft: $315 low | high Med: $344 On site: 25 low | high Med: 35.5 | |
 | $1,269,000811 W Aldine Avenue 6sChicago, IL 60657 |