2232 W Irving Park Road Chicago, IL $ 1,599,000
2232 W Irving Park Road
$ 1,599,000
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2232 W Irving Park Road

Chicago, IL, 60618
$ 1,599,000
Baths0.0

Monthly Estimate*

$ 10,627

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Studio

Commercial Property for sale in Chicago, IL

for $1,599,000. This building was built in 1927 on a lot size of 0.104017.

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!!!!

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Commercial Active

Price

$ 1,599,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 16,745

Style

Lot Size

0.104017

Year Built

1927

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11984084

Features
General
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 Mixed Use
Status Active
Directions East or West on Irving Park Road to 2232 W. Irving Park Road.
City Chicago
NumberOfUnitsTotal 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
Trash Expense 0
Water Sewer Expense 1440
Additional Parcels Y/N N
Days on Market 101
Standard Status Active
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Exterior
Lot Dimensions 4531
Exterior Brick
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Interior
Street Suffix Road
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* Excluded Features
List By
Jakubco Development, Inc

Broker

nick@jakubco.com

Email

Affordability Calculator

$12,023
Per Month
88%
12%
0%
Monthly Principal & Interest
$10,627
Monthly Property Taxes
$1,395
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/20/2024$1,599,000 Listed Price

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2232 W Irving Park Road, Chicago, IL, 60618 is a Commercial Property for sale at $1,599,000 with a lot size of 0.104017. 2232 W Irving Park Road is a studio with 0.0 baths and was built in 1927. The property's zip code is 60618 which is in Chicago, IL