North Center Mixed-Use
1916 West Irving Park Road Chicago, IL 60613
1916 West Irving Park Road, Chicago, IL, 60613
$999,500
For Sale
$999,500
Meticulously maintained mixed-use building in prime North Center location.
Property Size2,950 SF
Price / SF$338.81
Days on Market103
Property Features for 1916 West Irving Park Road
General Information
- Standard status
- Active
- Size
- 2,950 SF
Building Details
- Year Built
- 1907
Listing Agency
Berkshire Hathaway HomeServices Chicago
(773) 490-1578
Listed by
James Streff · License #475132643
(773) 490-1578
Source
Compass
Added: Apr 7 Checked: Jul 17 at 5:07 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Chicago
Investment Insights
Based on property information with market context.
Located in North Center, this mixed-use building offers proximity to restaurants, the CTA, Metra, shopping, coffee shops, and grocery stores. The property has been maintained and updated by the same owner for nearly 20 years. The main floor commercial space is currently configured as a doctor's office, complete with a waiting room/lobby, office, and multiple patient rooms. The second floor features two bedrooms, one bathroom, a living room/family room, a dining area, and a bonus area currently used as an exercise room, offering ample storage space. The basement is unfinished and suitable for storage, with laundry facilities. A one-car detached garage is included, along with parking space for three additional cars in the back. The property size is 2950 square feet.
Key Highlights
- Prime North Center location: Steps to restaurants, CTA, Metra, shopping, coffee shops, and grocery stores.
- Mixed‑use building: Commercial space on the main floor and a 2‑bedroom apartment on the 2nd floor.
- Meticulously maintained and updated by the same owner for nearly 20 years.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.3k | $38.40 |
| − Vacancy | −$28.9k | −$9.79 |
| EGI | $84.4k | $28.61 |
| − OpEx | −$21.1k | −$7.15 |
| NOI | $63.3k | $21.46 |
2,950 SF · lease $38.40/SF/yr · vacancy 25.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$904.2K
$791.2K – $1.05M
NOI $63,295 @ 7.0% cap · market cap 6.33%
Second Best
Mixed Use
$711.2K
$622.3K – $829.7K
NOI $49,781 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,364 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Darlene Egues MD
Pediatrician
Chicago Pediatric Clinic
Medical Clinic
Chicago Pediatric Clinic: ...
Medical Clinic
Patel Pinaki N ...
Pediatrician
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FAQs
What type of property is this?
Mixed-use property - Meticulously maintained mixed-use building in prime North Center location.
Where is this mixed-use property located?
The property is located at 1916 West Irving Park Road Chicago, IL.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: Prime North Center location: Steps to restaurants, CTA, Metra, shopping, coffee shops, and grocery stores.; Mixed‑use building: Commercial space on the main floor and a 2‑bedroom apartment on the 2nd floor.; Meticulously maintained and updated by the same owner for nearly 20 years.
