Courtesy of Peak Realty Chicago

4317 Irving Park Road

Chicgao, IL, 60641

$1,795,000

$1,795,000
Active
Active
 - For Sale
property_type
Commercial
calendar
Built 1940
Peak Realty is proud to present the opportunity to purchase a fully stabilized 11 unit mix used asset in the heart of Old Irving Park. Completely renovated in 2013 this property offers a new operator 8x 2 bedroom 1 bathroom apartments, 2 leased storefronts, and one 3000 sqft warehouse. Located just steps away from the Irving Park Blue line stop, I-94, Starbucks, Jewel Osco, and the large new construction developments on Irving Park rd, this location is in direct path for appreciation and rent growth. All apartments feature central heat and air, stainless steel appliances, washer dry in unit, and granite countertops. Both storefront features updated finishes and functional layouts. The State farm has an extended lease and is a flagship location with long term potential. Elite Beauty Salon is currently on a month to month lease status, which can provide a new operator an opportunity if desired. In the back side of the property there is a 3000 sqft warehouse space with an oversized garage door that the owner uses for personal use. Rent comps suggest pricing $12-$15 a sqft, giving the new operator a simple opportunity to add 300-400k of value without any additional investment. The warehouse space is heated and in great working condition.
MLS® ID:
11455853
Listed:
7/5/22
Updated:
9/26/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Air

Exterior/Building Features

Lot Size
6,550 ft² lot

Other Property Details

Area Name
Confidential Commercial Listings
Taxes
$24185
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Cook
Pool
No
Total Stories
3

 

Courtesy of Peak Realty Chicago

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Mike McCurry Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

Based on information submitted to the  MLS GRID for MRED 9/26/22. All data is obtained from various sources and has not been, and will not be, verified by broker, MRED or MLS GRID. MLS Grid and MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

©2022 Listings Courtest of MRED as distributed by MLS GRID. All rights reserved.

Data last updated 3:36 AM UTC, 9/26/22

 

 

Contact