5544 W Belmont Avenue Chicago, IL $ 895,000
5544 W Belmont Avenue
$ 895,000
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5544 W Belmont Avenue

Chicago, IL, 60641
$ 895,000
Bedrooms-- Baths-- Sq 7,136
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Property for Rent in Chicago, IL

for $895,000. This 7,136 square foot property was built in 1930 on a lot size of 0.072016.

3-unit mixed use property on the border of Portage Park and Belmont Cragin. Rebuilt in 2013, with new mechanicals and interior finishings. Everything from the brick walls in was replaced. The commercial space is as a 4000+ sq. foot medical clinic on 2 levels. The main level features approximately 2625 sq. feet with a waiting room, exam and procedure rooms, office and staff kitchen spaces. The lower-level features approximately 1450 sq. feet with additional private office space. The space has potential to be subdivided and is available for rent for $4500/month. Tenant pays the utilities. Owner pays the property tax. Other uses for the space could be a spa/yoga/wellness center, legal or CPA offices or a training facility. Separate HVAC, hot water tanks and electric for all units. Other features include drain tile & sump pump-2025 & a generator for the commercial space. A separate entrance on the east side of the building provides access to the 2nd & 3rd floor apartments. Each apartment features 6 rooms, 3 bedrooms & 1 bath, with maple cabinet kitchens, in unit laundry, and separate mechanicals. Carport parking in the rear for 2 cars.

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Rental Active

Price

$ 895,000

Taxes

$ 12,858

Style

Lot Size

0.072016

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12628357

Features
General
Cooling Central Air Central Individual
Utilities Electric to Site Natural Gas Available Cable Available
Possession Tenant's Rights
Zoning COMMR
Construction Materials Brick
Year Built 1930
Electric Circuit Breakers Separate Meters
Tenant Pays Air Conditioning Electricity Heat
Stories Count 3
Township Jefferson
Property Subtype Mixed Use
Tax Year 2024
Gross Income 8490
County Cook
Net Operating Income 80171
Operating Expense 19908
Insurance Expense 3050
Property Type Commercial Sale Mixed Use
Possible Use Office Retail
Status New
Directions Belmont east of Central to the property.
City Chicago
Number Of Units Total 3
MLS Area CHI - Portage Park
Lot Size Square Feet 3137
Tax Annual Amount 12858.6
Electric Expense 1000
Fuel Expense 0
Trash Expense 1200
Water Sewer Expense 1800
Additional Parcels Y/N N
Lease Type Modified Gross
Standard Status Active
Total Actual Rent 4700
Cap Rate 8
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Interior
Flooring Tile Varies Wood
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Exterior
Water Source Municipal Water
Foundation Details Concrete Perimeter
Building Area Total 7136
Lot Dimensions 25 x 125.50
Frontage Type City Street
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* Excluded Features
List By
Baird & Warner

Broker

cathy.byrne@bairdwarner.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/12/2026$895,000 Listed Price

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5544 W Belmont Avenue, Chicago, IL, 60641 is a Property for Rent at $895,000 with 7,136 sqft and a lot size of 0.072016. 5544 W Belmont Avenue was built in 1930. The property's zip code is 60641 which is in Chicago, IL