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Theater with Residential Income Units
For Sale
$1,099,000
Pending

3014 W Irving Park Rd, Chicago, IL 60618

Mixed-use property featuring a theater and two renovated apartments.

Property Size7,267 SF
Days on Market210

Property Features for 3014 W Irving Park Rd

General Information

Standard status Pending
Size 7,267 SF
Property subtype Commercial

Building Details

Year Built 1915
Listing Agency: Strauss Realty Ltd
Listed By: Craig Wolf · License #475163046
Source: Searchillinoishomesforsale
Added: Feb 16 Changed: Sep 10 Last Checked: Sep 13 at 12:15PM

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 Strauss Realty Ltd

Investment Insights

Based on property information with market context.

This mixed-use property in Irving Park features a 5,183 square foot, 150-seat theater with 25-foot ceilings, along with two fully renovated two-bedroom, one-bathroom apartments completed in 2016. The theater is a turn-key space with a stage, seating, bar, and dressing rooms. The residential units offer modern finishes and provide income. The property is ideal for an owner-user, with apartment revenue and a commercial lease in place through December. Located on Irving Park Road, the property benefits from high visibility with over 41,000 vehicles per day and convenient access to CTA buses and the Blue Line.

Key Highlights

  • Turn‑key 150‑seat theater with stage, seating, bar, and dressing rooms.
  • Two fully renovated 2BD/1BA apartments providing reliable income.
  • High‑visibility Irving Park Road location with 41,000+ vehicles per day.

Property Analytics

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Current Use

Windy City Playhouse Theater & Performing Art Venue Invictus Theatre Company Theater & Performing Art Venue

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nursing Home Home Appliance Store Fish Market Butcher Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,116
Businesses Nearby

Demographics for 60618, IL

90,316
Population
41,053
Households
2.2
Avg Household Size
35
Median Age
55%
College-Educated
89%
High-School Grad
5.0 sq mi
ZIP Area
18,063
Density / Sq Mi
$101,558
Median Household Income
$60,263
Median Earnings
$1,534
Median Rent
$538,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property featuring a theater and two renovated apartments.
Where is this mixed-use property located?
The property is located at 3014 W Irving Park Rd 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: Turn‑key 150‑seat theater with stage, seating, bar, and dressing rooms.; Two fully renovated 2BD/1BA apartments providing reliable income.; High‑visibility Irving Park Road location with 41,000+ vehicles per day.
More about this property
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