Sold
Closed
4317 Irving Park Road
Chicago IL, 99999
$1,570,000
Sold
Closed
Other
Built in 1940
Courtesy of Peak Realty Chicago
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.
11749084
MLSⓇ ID
March 31, 2023
Listed
November 25, 2024
Updated
Map
4317 Irving Park Road
Chicago IL, 99999
Interior Features
Total Stories
3
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.15 Acres
Other Property Details
Area Name
Confidential Commercial Listings
Taxes
$24,185
Tax Frequency
Annually
Days on Market
1
Garage
No
View
No
County
Cook
Pool
No
Courtesy of Peak Realty Chicago, Alexander Morsch,
Listing Contact: 312-312-9844
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Based on information submitted to the MLS GRID for MRED 11/25/2024. 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.
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Data last updated 3:07 PM UTC, 11/25/2024
