7224 W Belmont Avenue Chicago, IL ^$ 1,399,000

7224 W Belmont Avenue

^$ 1,399,000

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7224 W Belmont Avenue

Chicago, IL, 60634

^$ 1,399,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 8,614

7224 W Belmont Avenue, Chicago, IL 60634 - Image 1

Multi-Family Home for sale in Chicago, IL

for $1,399,000 with 3 bedrooms. This home was built in 1969.

Great Property Great Location with (5) 2 Bedroom Units and (3) 1 Bedroom Units. Long time Owner with Long time tenants. Rents below market. All tenants are currently Month to Month. Many of the units are recently updated. All Units are above ground. Rents Projected. Listing Agent can provide current rent roll.

Multi-Family Active

Price

^$ 1,399,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 13,340

Style

Multi-Family

Year Built

1969

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12635114

Features

General

Zoning MULTI

Construction Materials Brick

Year Built 1969

Stories Count 3

Tax Year 2024

Current Use Multi-Family

Gross Income 108000

County Cook

Net Operating Income 90000

Operating Expense 35540

Insurance Expense 4500

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 3500

Possible Use Multi-Family

Status Price Change

Directions On Belmont just West of Harlem Avenue. Belmont and Occonto

City Chicago

Number Of Units Total 8

MLS Area CHI - Dunning

Tax Annual Amount 13340.25

Electric Expense 1000

Fuel Expense 7000

Trash Expense 1200

Water Sewer Expense 2500

Additional Parcels Y/N N

Standard Status Active

Exterior

Foundation Details Concrete Perimeter

Lot Dimensions 50 x 125

Frontage Type City Street

* Excluded Features

List By

Anthony Petruso

Broker

petruso.anthony@gmail.com

Affordability Calculator

$9,726

Per Month

Monthly Principal & Interest: $8,614
Monthly Property Taxes: $1,112
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$621,392

Percent of Sale Price 56%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/13/2026	$1,399,000	-3.52%	Price Down
5/12/2026	$1,450,000		Listed Price

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7224 W Belmont Avenue, Chicago, IL, 60634 is a Multi-Family Home for sale at $1,399,000. 7224 W Belmont Avenue has 3 bedrooms, 0.0 baths, and was built in 1969. The property's zip code is 60634 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 5/14/2026.

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7224 W Belmont Avenue

Multi-Family Home for sale in Chicago, IL

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