Essex Three-Twelve Brokers Successful Sale of Mixed-Use Building in Lakeview
CHICAGO, ILLINOIS– Chicago-based multifamily brokerage firm Essex Three-Twelve, LLC., announced the sale of a mixed-use building at 1360 W. Belmont Ave., located in the Southport Corridor section of Chicago’s bustling Lakeview neighborhood.
The property is comprised of a vacant retail space on the first floor, two spacious units on the upper floors, a two-car garage, and an additional rear parking space. Rehabbed in 2010, the exterior features newly restored tuckpointing that gives the building a vintage charm.
Positioned at the northeast corner of West Belmont Ave. and North Southport Ave., 1360 W. Belmont Ave. offers unparalleled access to transportation hubs such as the CTA “L” and bus lines as well as access to the wealth of entertainment, dining, and nightlife options that Lakeview has to offer.
“I was honored to have sold this property on behalf of our client who owned it for the last 37 years. Thank you to Pam Raia of Baird and Warner for getting this closed for her client. It was a team effort navigating some zoning challenges from the city. This will only be the 4th owner in its over 100 year history of the building.” said Ryan Blake, Managing Broker at Essex Three-Twelve, LLC.
Throughout the marketing phase, 1360 W. Belmont Ave. hosted several tours, attracting significant interest from prospective buyers. Ultimately, the property garnered multiple offers and sold at $775,000.