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    1831 W Irving Park Rd Chicago, IL 60613

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    For Sale
    $1,200,000

    Unique bow truss building near Irving Park CTA stop.

    Property size:
    11,876 SF
    Lot size:
    0.21 Acres

    Property Features for 1831 W Irving Park Rd

    General Information

    Size
    11,876 SF
    Lot size
    0.21 Acres

    Source: CRER Agent Steven Rapoport

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bow Truss Building Near CTA

    This property is a unique bow truss building situated in the North Center neighborhood of Chicago, just off the Irving Park Brown Line CTA stop. The property offers potential as a transit-oriented development site. Access to the property is available off the alley, as the site has no frontage on Irving Park Road. The current ownership leases 7 under-track parking spaces from the CTA. The property contains 11,876 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Similar Places Nearby

    The Lock Up Self Storage, The Lock Up Self Storage, Bounce Luggage Storage - O'Hare International Airport (ORD), Sam Self Storage facility, Bounce Luggage Storage - 24/7 Wrigley Field

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6753471
    Latitude
    41.9539964

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    FAQs

    What type of property is this?
    Warehouse - Unique bow truss building near Irving Park CTA stop.
    Where is this warehouse located?
    The property is located at 1831 W Irving Park Rd Chicago, IL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Prime location in the desirable North Center neighborhood of Chicago.; - Rare opportunity to acquire an original bow truss building.; - Direct access to the Irving Park Brown Line CTA stop.
    (847) 863-2707
    Request Owner's contact information
    1831 W Irving Park Rd Chicago, IL 60613
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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
    1831 W Irving Park Rd Chicago, IL 60613
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