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1822-1832 W Irving Park Road

Chicago, IL 60613
  • $14,999,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 11252647
UPDATED: 25 min ago
$14,999,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2012
County:

School Ratings & Info

Description

Rare opportunity to acquire 1822 - 1832 West Irving Park Road. Two newer construction mixed-use buildings consisting of (24) 2 bed - 2 1/2 bath units, (8) 2 bed - 2 bath units, and commercial storefronts at grade. Each of the buildings spans approximately 26,000 square feet and is situated on approximately 18,797 square feet of land. Additionally, the property features 44 indoor, heated, attached garage parking spaces and 6 outdoor parking spaces (some of the parking spots are tandem). This opportunity offers an owner-user or investor the ability to position themselves in a highly desirable submarket within Chicago, with built-in demand and limited supply. The property is nestled between the desirable North Center, Lakeview and Ravenswood neighborhoods and is just west of Ashland Ave with ease of access to the CTA Brown line and 90/94. With prominent signage and exposure facing Irving Park Road, the asset is also conveniently located within the expansive amenity hub of North Center, featuring multiple new developments in the local area.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-28T15:59:02.437 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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1822-1832 W Irving Park Road Chicago, IL 60613

  • Price: $14,999,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 25 min ago
  • MLS #: 11252647
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2012
Built
Neighborhood:
Chi - North Center
County:
Cook
Area:
Chi - North Center
Property Description
Rare opportunity to acquire 1822 - 1832 West Irving Park Road. Two newer construction mixed-use buildings consisting of (24) 2 bed - 2 1/2 bath units, (8) 2 bed - 2 bath units, and commercial storefronts at grade. Each of the buildings spans approximately 26,000 square feet and is situated on approximately 18,797 square feet of land. Additionally, the property features 44 indoor, heated, attached garage parking spaces and 6 outdoor parking spaces (some of the parking spots are tandem). This opportunity offers an owner-user or investor the ability to position themselves in a highly desirable submarket within Chicago, with built-in demand and limited supply. The property is nestled between the desirable North Center, Lakeview and Ravenswood neighborhoods and is just west of Ashland Ave with ease of access to the CTA Brown line and 90/94. With prominent signage and exposure facing Irving Park Road, the asset is also conveniently located within the expansive amenity hub of North Center, featuring multiple new developments in the local area.
Exterior Features

Exterior Building Type Brick Foundation Details Concrete Perimeter Frontage Type City Street Land Amenities Curbs And GuttersSidewalks Outdoor Parking 6-12 Spaces Parking Total 50 Roof MembraneRubber Roof Structure Flat

Interior Features

Basement None Cooling Central Air Fireplaces Total 0 Heat Ventilation Central Heat/Indiv ControlsForced Air Miscellaneous Inside Elevator/S Passenger Number Of Dishwashers 32 Number Of Dryers 32 Number Of Ranges 32 Number Of Washers 32

Property Features

Additional Parcels YN Yes Approximate Age 7-15 Years Building Area Total 52400 Built Before1978 YN No Current Use Multi-Family Electric Service - 0 To 100 Amps Gross Income 1129194 Gross Scheduled Income 112919 Insurance Expense 13755 Location Mixed Use AreaPublic Transport Avail Maintenance Expense 0 Net Operating Income 771365 Operating Expense 243823 Ownership Types Limited Liability Corp Tax Annual Amount 181520 Tax Year 2020 Tenant Pays ElectricityHeat Total Monthly Income 94099 Township Lake View Type Multi Family 5+

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Compass.


© 2021 Midwest Real Estate Data LLC. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Keller Williams Realty. Based on information submitted to the MRED as of 2021-11-28T15:59:02.437 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. 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. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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Keller Williams Realty
2401 East Empire
Bloomington IL, 61704