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    9231-9235 W Irving Park Rd Schiller Park, IL 60176

    For Sale
    $2,100,000

    Commercial Sale - Schiller Park, IL

    Days on Market:
    60
    Last Refresh:
    Dec 7 at 7:06 pm

    Property Features for 9231-9235 W Irving Park Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    APN
    12153260060000

    Building Details

    Year built
    1973
    Number of units
    12
    Roof type
    Composition
    Architectural style
    Other

    Weichert Realtors Ambassador (847) 763-6464 [email protected]

    Listing agent Stephen Costa (847) 763-6464 License #471000778

    Listing date Oct 9, 2025

    MLS# 12490184 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Schiller Park Multifamily Investment Opportunity

    This well-maintained 12-unit apartment building features a mix of one- and two-bedroom apartments across two adjoining buildings. The property includes twenty parking spaces and on-site laundry facilities, providing additional revenue streams. The building generates a current annual gross income of $200,568 and a NOI of $148,695, resulting in a 7.08 cap rate. The property is located in a suburban area with convenient access to O'Hare International Airport, I-294, and I-90. Retail centers, restaurants, schools, and public transportation are nearby. A community park with green space, sports fields, and recreational amenities is located directly across the street. This location supports tenant retention and rental demand. The property offers immediate cash flow, steady returns, and potential for future rent growth in a commuter-friendly location. It is an excellent candidate for a 1031 exchange.
    Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Schiller Park
    County
    Cook
    State
    Illinois
    Longitude
    -87.858078
    Latitude
    41.9535345

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 12-unit apartment building with stable income and multiple revenue streams.
    Where is this apartment building located?
    The property is located at 9231-9235 W Irving Park Rd Schiller Park, IL.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - Solid 7.08% cap rate at $2.1M asking price, generating $148,695 NOI and $200,568 annual gross income.; - Stable income from a well-maintained 12-unit apartment building.; - Multiple revenue streams from rental income, 20 parking spaces, and on-site laundry facilities.
    (847) 763-6464
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9231-9235 W Irving Park Rd Schiller Park, IL 60176
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