3014 Irving Park Rd Chicago, IL 60618
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Chicago Multifamily & Retail Opportunity
Property size:
7,267 SFProperty Features for 3014 Irving Park Rd
General Information
- Property type
- Individual retail properties
- Square Feet
- 7,267 SF
- Class
- B
Building Details
- Buildings
- 1
- Stories
- 2
- Units
- 3
Listing Agency: Windy City RE LLC Listing Agent: Milan Rubenstein
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional mixed-use property at 3014 W Irving Park Road, Chicago, IL 60618, presents a compelling investment opportunity. The 7,267 square foot building sits on a 5,850 square foot lot and boasts a prime location with over 41,000 cars passing daily. The property features a thriving retail space fully occupied by Windy City Playhouse, a well-established theater with a substantial, nearly $1,000,000 build-out, including a bar, stage, seating, dressing rooms, kitchen, and extensive lighting. Windy City Playhouse is secured by a seven-year lease (commencing 2015) with a five-year extension option, ensuring stable income. In addition to the retail space, the building includes three residential units, all recently renovated with updated mechanicals, plumbing, and modern finishes. The property is classified as a Class B, stabilized investment with a modified lease structure and 100% occupancy. The asking price is $1,100,000, translating to $151.37 per square foot. This two-story building offers a unique blend of retail and multifamily income streams, making it an attractive addition to any portfolio. The property's strong tenant, prime location, and recent renovations make it a truly exceptional investment opportunity.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Windy City Playhouse
Theater & Performing Art Venue
Invictus Theatre Company
Theater & Performing Art Venue
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.70373372
- Latitude
- 41.95391593
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FAQs
What type of property is this?
Individual retail property - Chicago Multifamily & Retail Opportunity
Where is this individual retail property located?
The property is located at 3014 Irving Park Rd Chicago, IL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity at 3014 W Irving Park Rd, Chicago, IL.; 7,267 SF building on a 5,850 SF lot with high traffic (41,000+ cars daily).; Fully occupied by Windy City Playhouse (7-year lease, 5-year option) with substantial build-out.
