UNDER CONTRACT – MULTI-FAMILY
2904 West Belmont Avenue Chicago, IL 60618
NEIGHBORHOOD
Avondale
PRICE
Call for details
NUMBER OF UNITS
21
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale 2904 West Belmont Ave., a one-of-a-kind 21-unit apartment building in the Avondale neighborhood of Chicago. The property was originally developed and built as a condominium building in 2008 and has since been converted into an exclusive multi-family apartment property featuring expansive and unique floor plans with condo-quality finishes.

The subject property includes five (5) 2 Bed 2 Bath units, one (1) 2 Bed 2 Bath duplex unit, thirteen (13) 3 Bed 2 Bath units, one (1) 3 Bed 2 Bath duplex unit, and one (1) 3 Bed 3 Bath unit. Each unit features hardwood floors, granite countertops, stainless steel appliances, fireplace, gas lines ready for grills, central heat and air-conditioning, steam showers, a jacuzzi, and in-unit laundry. Each unit also includes a deck, balcony or enclosed patio, along with roof deck access. The common areas feel luxurious and feature wide hallways and staircases, crown molding, a common elevator, and both garage and exterior parking. An opportunity exists for an investor to acquire a low-maintenance asset in an excellent Avondale location and to increase rents in as-is condition.

The property is located on the corner of Francisco and Belmont, just west of Elston Ave, where there's an array of diverse eateries, revered bars, and specialty shops. Additionally, 2904 W. Belmont Ave. is located less than one mile from the Belmont Blue Line CTA station, numerous bus stops, and the famous Brands Park.

Property can be purchased with 3508 N. Sacramento Ave. as a portfolio if attractive to investor.
https://www.themaynardat2904wbelmont.com/
https://www.themaynardat3508nsacramento.com/

LOCATION DETAILS

RICH HISTORY: Avondale is located on the Northwest side of the city, close to the north branch of the Chicago River and less than 10 miles from Chicago’s Loop. Situated between the Victorian-era mansions on double lots in Old Irving and the stately Greystones along Logan Boulevard, Avondale continues to grow as artists, urban professionals, and young families move northwest along the ever-popular Milwaukee Avenue. The neighborhood offers convenient public transportation; the “L” Blue Line stops in the center and the northern edge of the area, while Belmont Avenue and Addison Street are lined with several CTA bus stops. Additionally, the Kennedy Expressway (I-90/94) runs through Avondale, providing residents easy access to downtown and the Chicagoland area suburbs.

PRIME LOCATION: The property is located on the corner of Francisco and Belmont, just west of Elston Ave, where there's an array of diverse eateries, revered bars, and specialty shops. Additionally, 2904 W. Belmont Ave. is located less than one mile from the Belmont Blue Line CTA station, numerous bus stops, and the famous Brands Park.

HIGHLIGHTS
  • 21 Units Originally Built as Luxury Condominiums Featuring Large Floor Plans
  • Units Feature Chef's Kitchens, Master Bedroom/Bathrooms & Outdoor Space
  • 2 & 3 Bedroom Apartments; Average Unit Size > 1,500 SF
  • Heated Garage Parking, Roof Deck & Elevator
  • Comparable 3 Bedroom Condos Nearby Recently Closed at $495,000 Per Unit
  • https://www.themaynardat2904wbelmont.com/
  • Property Taxes Estimated to Decrease by Approximately 40% (Reduction in Assessed Valuation)
  • Ability to Purchase Property Separately or with 3508 North Sacramento Avenue as a Portfolio
LISTING BROKERS
Jordan Gottlieb
Principal
773.305.4922
Matt Feo
Director
224.305.4102