SOLD
Angelo Labriola & Paul Cawthon Broker Mixed-Use Building Sale In Chicago For $2.2M
3110 West Belmont Avenue
Mixed-use
Sold 32 days ago
Summary
Sale
ILLINOIS
Mixed-use
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.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Paul Cawthon & Angelo Labriola
DATE: 03/25/2024
ADDRESS: 3110 West Belmont Avenue
MARKET: Chicago
ASSET TYPE: Mixed-use
BROKERS: Angelo Labriola & Paul Cawthon (@CLG_Chicago) - SVN | Chicago Commercial (@SVN_Chicago)
SALE PRICE: $2,200,000
UNITS: 8 ~ PPU: $275,000
NOTE: SVN | Chicago Commercial, through Paul Cawthon and Angelo Labriola, brokered the sale of an eight-unit mixed-use building at 3110 W Belmont Avenue in Chicago for $2.2 million, representing the seller. The property, located in Avondale, attracted a buyer from New York looking for value-add opportunities due to below-market rents and spacious units with rare indoor parking.View on map
Loading...
Address3110 West Belmont Avenue
Comparables
Reset filters to show results.
Contact
Get in touch with the broker you want