Properties

Features
: Central Air
Address Map
US
IL
Cook
Chicago
60657
Belmont
1020
Avenue
W88° 20' 42.1''
N41° 56' 24.3''
From W Belmont Ave & N Halsted St, go W on Belmont Ave approx. 3-4 blocks. Property on N side of street, between N Kenmore Ave and N Sheffield Ave.
CHI - Lake View
CHI - Lake View
W
W
Additional Information
4200
: Block , Stone
Circuit Breakers,Separate Meters
Circuit Breakers,Separate Meters
2750 SF
3
3
3
Essex 312, LLC
Quinn Evans
Financial
21645.1
Listing Information
1017906
88183
MRED
Listing Information
Active
2026-10-28T21:43:05Z
2026-09-14T05:05:32Z
Property 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.

Commercial Sale For Sale

1020 W Belmont Avenue, Chicago, Illinois 60657

$1,324,000
Listing ID#12753906
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 12753906
Price : $1,324,000
Year Built : 1911
Listing Status : Active
Property Sub Type : Mixed Use
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