
FOUR50 Belmont
450 W Belmont Ave, Chicago, IL, 60657-7516, US
80 units
Jones Lang LaSalle Americas (Illinois), L.P. (“JLL”) is pleased to present The Maynard at 4014, an exceptional 31-unit courtyard property nestled in Chicago’s vibrant Irving Park neighborhood.
This charming courtyard building includes an attractive mix of 1, 2, and 3-bedroom units, with an average 865 SF floorplan. The apartments feature condo quality interiors including stainless steel appliances, granite countertops, and hardwood floors. Additional sought-after unit amenities include central HVAC, in-home laundry, and private balconies. Residents also enjoy access to a double-wide, gated courtyard with professional landscaping and lighting.
Irving Park’s prime location on Chicago’s northside offers an ideal live-work-play environment. The properties proximity to the Irving Park Blue Line L Station and local bus route 77 provide easy access to Chicago’s downtown loop. Nearby Lincoln Square offers residents a wealth of dining and retail options.
The Maynard at 4014 offers investors an outstanding opportunity to acquire a stellar courtyard building with modern interiors in one of Chicago’s most desirable northside neighborhoods.
This unbeatable opportunity is available on either a free and clear basis or with accretive assumable financing: (3.56% Rate, $4,644,047 Balance, 178 Months Term Remaining).
Dynamic Live, Work, Play Location
• Easy Access to Chicago’s Top Employers through Nearby Public Transportation
• “A” Neighborhood per Niche.com
• Proximity to Lincoln Square’s dining and retail demand drivers
• Less than 1 mile from Elston Plaza Mall, which features Jewel, Home Depot, Chipotle, and numerous other retailers.
• Top Rated Nearby Schools including Lane Tech ideal for families
Trophy Neighborhood Courtyard Building
• Charming double-wide, vintage courtyard building with modern interiors
• Desirable unit mix of 1, 2, and 3 bedroom units, with an average 865 SF floorplan
• Condo quality interiors showcasing stainless steel appliances, granite countertops, and hardwood flooring
• In-demand unit amenities featuring, central HVAC, in-home laundry, and private balconies
• Gated courtyard entry with professional landscaping and lighting
Strong Property and Chicago Fundamentals
• 7% Trade Outs on Renewal Leases, 5.1% Trade Outs on New Leases
• 95%+ Avg Occupancy Across the Trailing 12
• Strong Rent to Income Ratios 21% within a 0.5 MI Radius
• Low new supply ~1% of Chicago’s Inventory is Under Construction
• Chicago Leads the Nation in Rent Growth (3.1%)