Address
2232 W Irving Park Road, Chicago, IL
Price
$ 1,599,000
Property Attributes
- MLS#11984084
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - North Center
- NeighborhoodNorth Center
- Zip60618
- Style
- Year Built1927
- Taxes$ 16745
- Price$ 1,599,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.104017 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Amazing Eight Unit Mult-Family/Mixed Use Property on Oversized Chicago Lot comprising of Six Residential Apartments and 2 Commercial Storefronts in coveted North Center/St. Ben's/Coonley School District!!!!! Six out of the Eight Units have been gutted to the studs. The property consists of 2 Spacious One Bedroom Apartments with 1 One Bedroom Fully Updated and 4 Fully Updated Studio Apartments along with 1 Fully Updated Commercial Storefront and 1 Additional Storefront. High Quality existing Commercial Storefront Tenants. All units have separate HVAC, separate hot water tanks for specific units and all tenants pay their own utilities. Updated Mechanicals, HVAC Systems, Electrical and Finishes in the majority of the units. Recent Roof Improvements, Tuckpointing including lintel replacements, rear stairway upgrades, updated Common Areas with Separate Common Coin Laundry Room and resided 2 Car Garage for additional income. Perfect for the owner-occupied investor, Buyer who is looking to operate their own business or long term buy and hold. Low Taxes as Well!!! Property is Being Sold As-Is!!!!
| Price History | |
|---|---|
| 2/20/2024 | Listed $1,599,000 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | COMMR |
| Construction Materials | Brick |
| Year Built | 1927 |
| Electric | Circuit Breakers |
| Tenant Pays | Air Conditioning,Electricity,Heat |
| Stories | 2 |
| Township | Lake View |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Current Use | Other |
| Gross Income | 120276 |
| County | Cook |
| Net Operating Income | 95351 |
| Operating Expense | 24925 |
| Insurance Expense | 3500 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | East or West on Irving Park Road to 2232 W. Irving Park Road. |
| City | Chicago |
| Total Units | 8 |
| MLS Area | CHI - North Center |
| Lot Size Square Feet | 4531 |
| Street Name | Irving Park |
| Tax Annual Amount | 16745 |
| Electric Expense | 1440 |
| Fuel Expense | 1800 |
| Water Sewer Expense | 1440 |
| Additional Parcels Y/N | No |
| Days on Market | 12 |
| Standard Status | Active |
| Property Type | Mixed Use |
Interior Features
| Street Suffix | Road |
|---|
Exterior Features
| Lot Dimensions | 4531 |
|---|---|
| Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60618
Price
Taxes
Visits
Year Built
