Property Overview

Interra Realty has been exclusively engaged to market 937-41 W. Belmont Avenue, “The BEL”, for sale. The subject investment property is a new construction, transit oriented mixed-use asset in a prime Lakeview location.

The BEL is comprised of 37 modern apartments over approximately 4,000 square feet of ground floor retail space. The apartment unit mix offers studio to 2 Bed / 2 Bath floorplans, with market leading finishes and many having private outdoor space. The BEL offers tenants numerous common area amenities in a lower density, boutique setting. The retail is fully leased to two tenants; Pedestrian Coffee and Devil Dawgs. Both have high-quality buildouts and are a great fit in the submarket.

The offering provides a rare opportunity for investors to acquire a new construction, high-quality asset in a proven Chicago neighborhood. Assets of this size/quality in Lakeview are rarely available and the rental market for similar stock has been extremely robust in early 2024.

Highlights

  • Dynamic Lakeview Location – Adjacent to Train Stop
  • High-End Apartments Finishes and Well-Appointed Common Areas
  • Individual HVAC and In-Unit Laundry
  • Fully Leased Retail on Net Leases
  • Rooftop Deck with Striking City and Lake Views

Key Details

Sale Price
$14,000,000
Number of Units
Thirty-Nine (39)
Submarket
Lakeview