4350 W Belmont Ave Chicago, IL 60641
Irving Park NeighborhoodEstimated payment $7,065/month
Highlights
- Deck
- Soaking Tub
- Forced Air Heating System
- Property is near park
- Handicap Shower
- Paved or Partially Paved Lot
About This Home
Introducing Flats on Belmont, the ultimate house hacking opportunity offering 4 different floorplans with 9 full bathrooms or a perfect armchair investment generating an impressive 7.12 yield. Newly completed in 2022, this boutique 4-unit apartment building sits perfectly on the cusp of Avondale & Kilbourn Park, providing both convenience and modern living. The original structure was fully gutted to the brick shell and rebuilt with full permits, delivering a like-new property finished to the highest standards. No detail was overlooked-including the roof, plumbing, electrical, windows, insulation, doors, flooring and mechanicals featuring TRANE furnaces and ac condensers ensuring HVAC reliability and durability. Each apartment offers individual in-unit washer/dryers for tenants convenience. The building also features a rear parking pad that can accommodate 4 vehicles. Each unit is flooded with natural light and showcases an open-concept layout, seamlessly blending the chef's kitchen-complete with stainless steel appliance package, white cabinetry, and quartz countertops-into spacious living and dining areas. Sleek modern bathrooms and well-planned floorplans complement today's lifestyle, making this property attractive to both renters and owner-occupants. Whether you're looking to live in one unit and rent the others or add a high-yield, low-maintenance asset to your portfolio, Flats on Belmont is a rare opportunity to own a like-new, turnkey multi-unit property in a rapidly appreciating neighborhood currently experiencing excellent growth and expansion
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,877
Year Renovated
- 2021
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 34x125
- Paved or Partially Paved Lot
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
- Rubber Roof
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 12 Bedrooms
- 12 Potential Bedrooms
- 10 Bathrooms
- Dual Sinks
- Soaking Tub
- Separate Shower
Parking
- 4 Parking Spaces
- Parking Included in Price
- Assigned Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Additional Features
- Basement Fills Entire Space Under The House
- Handicap Shower
- Deck
- Property is near park
Community Details
Overview
- 4 Units
Building Details
- Electric Expense $780
- Insurance Expense $4,000
- Trash Expense $100
- Water Sewer Expense $2,880
- Gross Income $103,800
- Net Operating Income $85,063
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 |
|---|---|---|---|---|
| 2025 | $9,529 | $49,001 | $18,488 | $30,513 |
| 2024 | $9,529 | $49,001 | $18,488 | $30,513 |
| 2023 | $9,287 | $45,000 | $14,875 | $30,125 |
| 2022 | $9,287 | $45,000 | $14,875 | $30,125 |
| 2021 | $9,079 | $45,000 | $14,875 | $30,125 |
| 2020 | $1,977 | $8,841 | $6,800 | $2,041 |
| 2019 | $6,307 | $31,280 | $6,800 | $24,480 |
| 2018 | $6,179 | $31,280 | $6,800 | $24,480 |
| 2017 | $7,235 | $36,982 | $5,950 | $31,032 |
| 2016 | $6,907 | $36,982 | $5,950 | $31,032 |
| 2015 | $6,296 | $36,982 | $5,950 | $31,032 |
| 2014 | $6,215 | $36,068 | $5,100 | $30,968 |
| 2013 | $6,082 | $36,068 | $5,100 | $30,968 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/07/2026 01/07/26 | For Sale | $1,195,000 | 0.0% | -- |
| 01/06/2026 01/06/26 | Price Changed | $1,195,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12510059
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