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