Mixed-Use Building with
5236 West Irving Park Road Chicago, IL 60641
5236 West Irving Park Road, Chicago, IL, 60641
$599,000
For Sale
$599,000
Mixed-use property with first-floor office space plus two 3-bedroom apartments and a studio unit.
Property Size3,125 SF
Price / SF$191.68
Days on Market63
Property Features for 5236 West Irving Park Road
General Information
- Standard status
- Active
- Size
- 3,125 SF
Building Details
- Year Built
- 1960
Listing agency
New Century Management & Re Co
(773) 931-6553
Listed by
Luz Hoyos · License #471013923
(773) 931-6553
Source
Compass
Added: May 21 Updated: Jul 22 at 3:43PM Checked: Jul 22 at 3:43PM
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 New Century Management & Re Co
Investment Insights
Based on property information with market context.
This mixed-use building includes first-floor office space along with residential units consisting of two 3-bedroom apartments and one studio unit. The first-floor office and both apartments feature central A/C, while the second-floor unit is equipped with wall-unit air conditioning.
The property is located on West Irving Park Road in the Portage Park corridor and is described as convenient to transportation, shopping, and restaurants.
Total monthly rents are reported as $4,950, reflecting the building’s combination of office and residential income components.
The property is located on West Irving Park Road in the Portage Park corridor and is described as convenient to transportation, shopping, and restaurants.
Total monthly rents are reported as $4,950, reflecting the building’s combination of office and residential income components.
Key Highlights
- Mixed‑use property built in 1960 with first‑floor office plus residential units above
- Rental mix includes two 3‑bedroom apartments and one studio unit
- Total monthly rents are $4,950
Local Financial Insights For Mixed Use
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 | $93.8k | $30.00 |
| − Vacancy | −$9.4k | −$3.00 |
| EGI | $84.4k | $27.00 |
| − OpEx | −$31.6k | −$10.13 |
| NOI | $52.7k | $16.88 |
3,125 SF · lease $30.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$957.9K
$838.1K – $1.12M
NOI $67,050 @ 7.0% cap · market cap 11.19%
Second Best
Mixed Use
$753.3K
$659.2K – $878.9K
NOI $52,734 @ 7.0% cap · market cap 8.80%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,140 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with first-floor office space plus two 3-bedroom apartments and a studio unit.
Where is this mixed-use property located?
The property is located at 5236 West Irving Park Road Chicago, IL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Mixed‑use property built in 1960 with first‑floor office plus residential units above; Rental mix includes two 3‑bedroom apartments and one studio unit; Total monthly rents are $4,950
