Greenstone Partners, as the Exclusive Investment Advisors, is pleased to present the opportunity to acquire the 100% fee-simple interest in 1022-1024 W Belmont Ave (the “Property”), a 100% leased, urban infill mixed-use investment prominently located in Chicago’s Lakeview neighborhood. The Property consists of four larger apartments and two retail spaces with eight surface parking spaces in the rear.

The ±9,025-square-foot, three-story mixed-use Property is situated on ±8,780 square feet of land with 50 feet of frontage along Belmont Avenue and located 400 feet from the Belmont CTA ‘L’ Station serving three train lines. The first floor comprises two retail tenants, occupied by Ancient Grounds Coffee & Co. and Crystal Cleaners. The second and third floors feature four large apartment units that were renovated in 2013. Each unit is approximately 1,600 square feet with 4-bedroom / 2-bath layouts. The current rents present upside with average market rents approximately 20% higher than the in-place rents.

Located at a corner location in the heart of Lakeview, the Property offers a balanced mix of residential and neighborhood retail space along the active Belmont Avenue corridor and one block from the 8th busiest CTA train stations. Surrounded by dense foot traffic, retail, restaurants, and daily conveniences, the Property attracts a consistent renter base of young professionals and students from nearby DePaul University. Located just steps from the Belmont CTA ‘L’ Station serving the Red, Brown, and Purple lines and within a few blocks of CTA bus routes #8, #22, and #77, tenants enjoy exceptional connectivity to downtown Chicago, Wrigley Field, and surrounding neighborhoods.

The Property is positioned near a dense retail corridor anchored by a strong mix of national retailers, including Target, Marshalls, Michaels, DSW, Petco, Binny’s, Starbucks, Chipotle, Dunkin’, Jimmy John’s, and Taco Bell, among others. Located just 0.5 miles south of Wrigley Field, the Property benefits from its proximity to one of Chicago’s most vibrant entertainment and nightlife destinations.

The Property benefits from its excellent demographic profile, including a 1-mile average household income of $134,089, median home value of $530,238, and a total population of 108,924.