Mixed-Use Building with Two Commercial
New
For Sale
$1,350,000
5256 W Irving Park Rd, Chicago, IL 60641
Residential units and commercial suites share a corner-lot building with full basements and a recently completed tear-off roof.
Property Size9,472 SF
Price / SF$142.53
Days on Market4
Property Features for 5256 W Irving Park Rd
General Information
Standard status
Active
Size
9,472 SF
Building Details
Year Built
1920
Listing Agency:
Horvath & Tremblay IL, LLC
Listed By:
John Preston · License #475188524
(312) 361-1643
Source:
Liveliferealty
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 21 at 11:01AM
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 Horvath & Tremblay IL, LLC
Investment Insights
Based on property information with market context.
Located at 5256 W Irving Park Rd in Chicago’s Portage Park area, this 9,472-square-foot mixed-use building was constructed in 1920 and includes 7 apartments, 2 commercial spaces, and full basements. The residential layout comprises four 1-bedroom, 1-bath apartments on the Lockwood side, plus two 1-bedroom, 1-bath apartments and one 2-bedroom, 1-bath apartment above the Irving Park commercial storefronts.
The apartments are served by a boiler system with window AC units, and the interiors retain vintage finishes and Chicago character. The commercial spaces are occupied by Saravale Meat Market, which has operated at the property for over 25 years, and a local attorney office. A tear-off roof was completed within the last two years. The corner-lot property participates in AHSAP, with 2 units required to remain affordable at 60% of AMI and to be filed annually for continued program participation.
The apartments are served by a boiler system with window AC units, and the interiors retain vintage finishes and Chicago character. The commercial spaces are occupied by Saravale Meat Market, which has operated at the property for over 25 years, and a local attorney office. A tear-off roof was completed within the last two years. The corner-lot property participates in AHSAP, with 2 units required to remain affordable at 60% of AMI and to be filed annually for continued program participation.
Key Highlights
- 9,472 SF mixed‑use building constructed in 1920
- 7 apartments with 4 one‑bedroom units and 3 additional one- or two‑bedroom units
- 2 commercial spaces occupied by Saravale Meat Market and a local attorney office
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,774
Businesses Nearby
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Business Placement
Demographics for 60641, IL
69,354
Population
27,377
Households
2.5
Avg Household Size
37
Median Age
36%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
17,339
Density / Sq Mi
$81,649
Median Household Income
$46,376
Median Earnings
$1,249
Median Rent
$373,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units and commercial suites share a corner-lot building with full basements and a recently completed tear-off roof.
Where is this mixed-use property located?
The property is located at 5256 W Irving Park Rd Chicago, IL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 9,472 SF mixed‑use building constructed in 1920; 7 apartments with 4 one‑bedroom units and 3 additional one- or two‑bedroom units; 2 commercial spaces occupied by Saravale Meat Market and a local attorney office
