Angelo Labriola & Paul Cawthon Broker Mixed-Use Building Sale In Chicago For $2.2M

The eight-unit mixed-use building located at 3110 West Belmont Avenue in Chicago was sold for $2.2 million. The property, situated in Avondale, features spacious units with rare indoor parking and attracted a buyer from New York, interested in value-add opportunities due to below-market rents.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $2,200,000
• Units: 8
• Price per Unit: $275,000
• Address: 3110 West Belmont Avenue, Chicago
• Market: Chicago
• Brokers: Angelo Labriola & Paul Cawthon - SVN | Chicago Commercial

SVN | Chicago Commercial, represented by Angelo Labriola and Paul Cawthon, brokered the deal for the sale of the mixed-use building. The seller was effectively represented in the transaction, which involved a buyer from New York seeking to capitalize on the property's potential for improvement.