9 CAP LAKEVIEW COMMERCIAL CONDO · 1433 WEST BELMONT AVE. | CHICAGO, IL 60657 9 CAP LAKEVIEW...

1433 WEST BELMONT AVE. | CHICAGO, IL 606579 CAP LAKEVIEW COMMERCIAL CONDO

Jameson Commercial Real Estate425 W. North Ave | Chicago, IL 60610jamesoncommercial.com

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. Norepresentation is made as to the accuracy thereof & it is submitted subject to errors, omissions,changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax &legal advisors to perform your own investigation.

FOR SALE$320,000

TONY SCHILLACICommercial Broker(O) 773.491.2572 | [email protected]

ASKING PRICE: $320,000

NOI: $28,800

CAP RATE: 9.00%

YEAR BUILT: 2007

ZONING: B 3-2

PROPERTY DESCRIPTION

Commercial Condo for sale located in the well-established East Lakeview area. East Lakeviewis walking distance to trendy boutiques, excellent restaurants and spectacular nightlife.Belmont Ave includes a mix of great retailers with high VPD & pedestrian traffic with closeproximity to the Southport corridor. Tenant responsible for RE taxes ($1,133.00 per month) &condo assessments ($82.00 per month) covered under additional rent, lease available uponrequest.

PROPERTY HIGHLIGHTS

• East Lakeview investment

• Strong business presence in the community

• Approx. 1400 SF on the first floor of this 4 unit building

• 3 1/2 years remaining on the lease with (2) 5 year options

• Annual Household income extremely high $139,000+

• Lease rental rate at fair market value

• Zoned B3-2

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9 CAP LAKEVIEW COMMERCIAL CONDO 1433 WEST BELMONT AVE

EXECUTIVE SUMMARY

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ADDITIONAL PHOTOS

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ADDITIONAL PHOTOS

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MAP

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AERIAL TENANTS MAP

POPULATION 0.5 MILES 1 MILE 1.5 MILESTotal Population 19,332 78,074 159,919

Average age 30.3 30.4 30.4

Average age (Male) 30.8 30.9 31.0

Average age (Female) 29.6 29.9 30.0

HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILESTotal households 8,692 34,974 75,702

# of persons per HH 2.2 2.2 2.1

Average HH income $139,991 $138,575 $119,876

Average house value $629,433 $660,199 $611,563* Demographic data derived from 2010 US Census

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D E M O G R A P H I C S M A P & R E P O R T

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TONY SCHILLACI

©Jameson Real Estate LLC. All information provided herein is from sources deemed reliable. No representation is made as to the accuracy thereofand it is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal without notice. Projections, opinions, assumptions &estimates are presented as examples only & may not represent actual performance. Consult tax & legal advisors to perform your own investigation.

(O) [email protected]

With over 25 years of real estate experience, Tony’s background includes creating and building his ownsuccessful development and general contracting companies. He has managed real estate acquisitions anddevelopment in excess of $65 million, and has performed $46 million of contracting work. This wide range ofexperience enables Tony to provide his clients with an invaluable multi-dimensional vantage point. The majorityof his work has been tenant improvement, specialized development, and consulting with companies includingNewcastle Ltd., Belgravia Group, Vapor for Life, and MSRP Industries.

Tony’s extensive construction knowledge enables him to determine a project’s feasibility based on cost versusvalue, to help clients envision a project as a whole. He has also managed and negotiated complex contracts forclients and company-owned properties such as FedEx, Starbucks, Digital Home Technologies, Partex Industriesand Strategic Financial Services. From identifying, evaluating and negotiating commercial opportunities, todevelopment and construction consultation, Tony serves as a trusted advisor and advocate. He has built areputation as a hard-working and straightforward real estate professional who utilizes his experience andtalents to identify and close on prime opportunities for his clients. Tony is a member of the Rotary One Club ofChicago, Greater Northwest Chicago Development Corporation, Home Builders Association of Greater Chicagoas well as CAR (Chicago Association of Realtors).

https://www.youtube.com/watch?v=qlhCUkgYas0

9 CAP LAKEVIEW COMMERCIAL CONDO · 1433 WEST BELMONT AVE. | CHICAGO, IL 60657 9 CAP LAKEVIEW...

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