Two Roscoe Village

Commercial Condos
Susan B. Silver
Executive Vice President
(312) 338 - 3001
ssilver@mpirealestate.com
Disclaimer: Millennium Properties R/E is the owners designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information
has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
2122-24 W. Belmont Ave. | Chicago, IL
$ 385,000
BANK
ORDERS
SALE
Investment Highlights
Two storefront commercial condos
2122: 1,190 SF vacant unit
Previously used as salon
2124: 1,497 SF leased
Lease expires March 31, 2015
Two 1-year renewal options
Tenant pays for all utilities
Street-level in a recently developed
condo building
12 residential units, 4 commercial
Trafc Count: 16,500 vehicles per day
Zoning: C1-2
Monthly Assessments: $160.37
Est. 2013 Taxes: $12,603
Property Highlights
Built in 2007, these two commercial condos
totaling 2,687 square feet, are highly visible
along Belmont in Roscoe Village. Cur-
rently, the 1,497 square foot unit is leased
to Dream Dinners through March 2015. The
1,190 square foot storefront was previously
used as a salon. This is a great opportu-
nity to add value through leasing or for an
owner to generate additional cash fow.
Area Highlights
These commercial condos are located on a
busy stretch of Belmont Ave in Roscoe Vil-
lage. A large number of single family homes
in the area generate a substantial amount
of pedestrian traffc.
Susan B. Silver
(312) 338-3001
ssilver@mpirealestate.com
2122-24 W. Belmont Ave. | Chicago, IL $ 385,000
Disclaimer: Millennium Properties R/E is the owners designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information
has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
Rent Roll
Unit Tenant Annual Rent SF Rent/SF Lease Exp. Comments
2124 Dream Dinners $29,940 1,497 $20.00 Mar-15 Two 1-year renewal
options with 3% bumps
2122 Vacant* 1,190 n/a
Total/Average $29,940 2,687 $20.00
*Currently actively marketed at $20/SF NNN
Income Statement
Income
Projected
2014 Est. 2015
Gross Rents $29,940 $30,838
Lease-Up $23,800
Total Gross Income $29,940 $54,638
Expenses
Property Taxes $12,603 $12,981
Maintenance* $1,000 $1,030
Assessments $1,924 $1,982
Insurance* $2,500 $2,575
Total Expenses $18,027 $18,568
Net Operating Income $11,913 $36,070
* Estimated
Susan B. Silver
(312) 338-3001
ssilver@mpirealestate.com
2122-24 W. Belmont Ave. | Chicago, IL $ 385,000
Disclaimer: Millennium Properties R/E is the owners designated agent and makes no warranties or representations as to the accuracy or completeness of the information contained herein. The information
has been obtained sources deemed reliable; however, it is up to the purchaser to conduct due diligence prior to sale.
2122 Interior Photos
Main Salon Area Main Salon Area Alternate View
Shampoo Area Washroom/Changing Room