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6135 W Belmont Ave 7,400 SF Retail Building Chicago, IL 60634 $1,092,736 CAD ($147.67 CAD/SF) 4.94% Cap Rate
Investment Highlights
- Vacant Lot at 6129 W. Belmont Ave. Included in Property
- 6 Rear Surface Parking Spaces
Executive Summary
6133–35 W. Belmont is a 6-unit mixed-use asset offered as part of the Gary R. Carlson Northwest Side Portfolio, located in Chicago’s Belmont Central neighborhood. The property features four 2-bedroom apartments along with two ground-floor commercial spaces, creating a balanced income profile in a dense, transit-served retail corridor. Property also includes a vacant lot to the east of the building, situated at 6129 W. Belmont. Built in 1965 and offering 7,200 rentable square feet, the building benefits from a durable masonry exterior, updated mechanical systems, and 6 rear surface parking spaces supporting both residential and commercial tenancy. Situated along the Belmont Avenue commercial strip, the asset provides excellent visibility, strong foot traffic, and proximity to area amenities—positioning it well for long-term stability and investor value creation.
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Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$122,266
|
$16.52
|
| Other Income |
$1,313
|
$0.18
|
| Vacancy Loss |
$6,179
|
$0.83
|
| Effective Gross Income |
$117,400
|
$15.86
|
| Taxes |
$22,195
|
$3.00
|
| Operating Expenses |
$41,270
|
$5.58
|
| Total Expenses |
$63,465
|
$8.58
|
| Net Operating Income |
$53,935
|
$7.29
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $122,266 |
| Annual Per SF | $16.52 |
| Other Income (CAD) | |
|---|---|
| Annual | $1,313 |
| Annual Per SF | $0.18 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,179 |
| Annual Per SF | $0.83 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $117,400 |
| Annual Per SF | $15.86 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,195 |
| Annual Per SF | $3.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,270 |
| Annual Per SF | $5.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $63,465 |
| Annual Per SF | $8.58 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $53,935 |
| Annual Per SF | $7.29 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Building Size
7,400 SF
Building Class
C
Year Built
1965
Price
$1,092,736 CAD
Price Per SF
$147.67 CAD
Cap Rate
4.94%
NOI
$53,935 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.77
Lot Size
0.22 AC
Zoning
B3-1 - B3-1 Zoning
Parking
6 Spaces (0.81 Spaces per 1,000 SF Leased)
Frontage
40’ on West Belmont Avenue
Amenities
- Air Conditioning
- Balcony
Walk Score®
Very Walkable (84)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Total Assessment | $109,960 CAD (2025) | |
| Land Assessment | $39,774 CAD (2025) | Annual Taxes | $22,195 CAD ($3.00 CAD/SF) |
| Improvements Assessment | $70,186 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$39,774 CAD (2025)
Improvements Assessment
$70,186 CAD (2025)
Total Assessment
$109,960 CAD (2025)
Annual Taxes
$22,195 CAD ($3.00 CAD/SF)
Tax Year
2024
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6135 W Belmont Ave
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