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    1449 Irving Park Rd Chicago, IL 60613

    Sponsored
    For Sale
    $190,000

    850 sq ft Office/Retail Condo, Chicago

    Property size:
    850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 850-square-foot Class A office condo, located at 1449 W Irving Park Road in Chicago, Illinois (zip code 60613, Cook County), is currently vacant and available for immediate occupancy. Built in 2005, this property is zoned C1-2 and features a desirable layout including a reception area, two private offices, a utility room with a sink and drinking fountain, and a bathroom. High ceilings and 20 feet of frontage add to its appeal. The property's previous use was as a small medical office, making it suitable for a variety of uses, including medical, retail, or general office space. The location boasts excellent visibility and high traffic volume on Irving Park Road, between Southport and Ashland Avenues. The surrounding area demonstrates strong demographics, with a 2024 one-mile population of 80,327, an average household income exceeding $129,692, and annual consumer spending over $1.3 billion. Furthermore, the area sees 45,000 vehicles per day, and boasts walk and bike scores of 88 and 89 respectively. The asking price for this owner-user investment opportunity is $190,000, translating to $223.53 per square foot. The property's APN is 14-20-101-053-1016.

    Property Features for 1449 Irving Park Rd

    General Information

    Property type
    Medical offices
    Square Feet
    850 SF
    Class
    A

    Building Details

    Year Built
    2005
    Property Profile Location Intelligence

    Current Use by Public Records

    1449 W Irving ... Parking Lot KnowNow Health - Lakeview Walk-In Clinic Keaney Construction Construction Company

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.66614
    Latitude
    41.9541278

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    FAQs

    What type of property is this?
    Medical office - 850 sq ft Office/Retail Condo, Chicago
    Where is this medical office located?
    The property is located at 1449 Irving Park Rd Chicago, IL.
    What is the asking price?
    The asking price for this property is $190,000.
    Request Owner's contact information
    1449 Irving Park Rd Chicago, IL 60613
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    Chicago, IL 60613
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1449 Irving Park Rd Chicago, IL 60613
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