At just under $76,000 per unit, that's less than the $88,000-per-unit recently paid for a "four-plus-one" building nearby at 525 W. Oakdale St. Estella Kiser of Marcus & Millichap Real Estate Investment Brokerage is marketing the Belmont Avenue property; Inland Real Estate Sales, Inc. closed the Oakdale St. deal.
In addition to 122 studio apartments, four two-bedroom units and a two-bedroom penthouse, the Belmont Avenue property includes spaces occupied by five commercial tenants – a convenience store, locksmith, beauty shop, dentist and boutique operator.
The area continues to see condominium conversation and development, including plans to tear down a residence at 506 W. Roscoe Ave. and build a four-story, nine-unit condominium building in its place.
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