Three Story, Mixed Use Building in Lakeview on Belmont, just West of Racine. Perfect Owner/User Investment property with 8 income producing apartments and a recently vacant commercial space on the first level (2000 sf). First level features a former nail salon/school with a full, unfinished basement below. Second and third floor features eight residential apartments, six Studios, one 1BD/1BA and one 2BD/1BA. Most of the units have been updated, except 2D, which can be converted from 1BD to a 2BD and can increase the current income, similar to 3D. Utilities are separately metered, renters pay for gas and electric; Updated copper around entire building January 2021 ($75k); Roof was replaced in 2009, roughly 15 years old. Fantastic high traffic neighborhood, walk to Wrigley Field, Lake Michigan or steps from the train station. 0.2 Miles to the Belmont Red/Brown/Purple line train station, multiple bus stops and Divvy stations plus close access to the Expressway and Lakeshore Drive. Area tenants include: Great American Bagel, Chipotle, Chicago Tattoo & Piercing Co, 7-Eleven, Bittersweet Pastry Shop & Café, Ukai Sushi, Giordano’s, Cheesies, The Vic Theatre, Matilda-babyATLAS, Oberweis Ice Cream and Dairy Store plus much more!
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