North Center Mixed-Use
1916 West Irving Park Road, Chicago, IL 60613
Meticulously maintained mixed-use building in prime North Center location.
Property size:
2,950 SFPrice / SF:
$372/SF- Added:
- Apr 5, 2026
- Days on Market:
- 60
- Last Refresh:
- Apr 7 at 8:30 pm
Property Features for 1916 West Irving Park Road
General Information
- Standard status
- Active
- Size
- 2,950 SF
Building Details
- Year Built
- 1907
Listing agent James Streff License #475132643 (773) 490-1578
Listing office Berkshire Hathaway HomeServices Chicago (773) 490-1578
Listing date Apr 5, 2026
Source Compass
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
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.
- Ample parking: Includes a 1‑car detached garage and parking for 3 additional cars.
- Spacious 2nd‑floor apartment: Features 2 bedrooms, 1 bath, a living room/family room, a dining area, and a bonus exercise room.
- Abundant storage: The 2nd‑floor apartment has lots of storage, and the basement provides additional storage space with laundry.
Overview
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.
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 5.76%
Second Best
Mixed Use
$711.2K
$622.3K – $829.7K
NOI $49,781 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,364 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
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
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6770523
- Latitude
- 41.9544866
Nearby Similar for Sale
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 $1,099,000.
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.
