5416 W Belmont Ave Chicago, IL 60641
Cragin NeighborhoodEstimated payment $25,773/month
About This Home
5416-5422 W. Belmont Ave., a newly constructed mixed-use apartment building located in the rapidly growing Belmont Cragin neighborhood. This modern three-story property offers a prime investment opportunity in a flourishing area of Chicago. Situated close to popular dining, shopping, and recreational destinations, the building is perfectly positioned in the heart of a great neighborhood. The building features three commercial spaces and three ARO/ADA-accessible 2-bedroom apartments on the ground floor, with 12 luxurious 2-bedroom, 2-bathroom residential units on the upper levels. Each residential unit boasts high end kitchens, elegant bathrooms, ample closet space, durable windows, and well-designed living areas, blending contemporary style with modern functionality. Interiors are finished with premium Lifeproof flooring, sleek light grey walls, and crisp white trim, creating a sophisticated and contemporary atmosphere. The spacious kitchens are equipped with quartz countertops, soft-close cabinets, and high-quality appliances, including fingerprint-resistant stainless steel refrigerators/freezers and 30" gas ranges with stainless steel microhoods. Select units feature private balconies, and surface parking is available with alley access. With its superior construction, modern amenities, and a location in a neighborhood with high growth potential, this building represents an exceptional investment opportunity
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $22,137
Year Built
- Built in 2025
Home Design
- Flat Roof Shape
Additional Features
- 3-Story Property
- Accessible Entrance
- Additional Parcels
- Central Heating and Cooling System
Community Details
Overview
- 18 Units
Building Details
- Electric Expense $900
- Insurance Expense $12,000
- Maintenance Expense $6,750
- Manager Expense $23,239
- Other Expense $23,100
- Trash Expense $3,600
- Water Sewer Expense $7,200
- Operating Expense $135,803
- Gross Income $473,052
- Net Operating Income $313,597
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,787 | $39,430 | $7,813 | $31,617 |
| 2023 | $5,613 | $23,922 | $14,063 | $9,859 |
| 2022 | $5,613 | $23,922 | $14,063 | $9,859 |
| 2021 | $5,488 | $23,921 | $14,062 | $9,859 |
| 2020 | $6,103 | $24,101 | $14,062 | $10,039 |
| 2019 | $12,980 | $56,822 | $14,062 | $42,760 |
| 2018 | $12,786 | $56,822 | $14,062 | $42,760 |
| 2017 | $12,685 | $52,213 | $12,304 | $39,909 |
| 2016 | $11,775 | $52,213 | $12,304 | $39,909 |
| 2015 | $10,944 | $52,213 | $12,304 | $39,909 |
| 2014 | $11,376 | $53,385 | $12,304 | $41,081 |
| 2013 | $11,156 | $53,385 | $12,304 | $41,081 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $4,400,000 | -2.2% | -- |
| 06/23/2025 06/23/25 | For Sale | $4,500,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | First American Title | |
| Warranty Deed | $365,000 | Chicago Title | |
| Warranty Deed | -- | Attorney |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,400,000 | Credit Line Revolving | |
| Previous Owner | $2,000,000 | Construction | |
| Previous Owner | $273,750 | Commercial | |
| Previous Owner | $292,000 | New Conventional |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12398125
APN: 13-21-328-035-0000
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