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    1455 Irving Park Rd Chicago, IL 60613

    For Sale
    $165,000

    650 SF Office/Retail Condo, $165K

    Property size:
    650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 650-square-foot Class A office condo, located at 1455 W Irving Park Rd in Chicago, IL (60613), is available for $165,000. Built in 2005, this vacant unit features a desirable B3-1 zoning and is perfect for owner-users. The space boasts a high ceiling, open floor plan, kitchenette, bathroom with shower, and ample storage. Previously used as a real estate office, it's ideal for a variety of small retail or office businesses. The property enjoys a prime location on Irving Park Road between Southport and Ashland Avenues, benefiting from high traffic volume (45,000 vehicles daily) and strong demographics. Within a one-mile radius, the 2024 projected population is 80,327, with an average household income of $129,692 and over $1.3 billion in annual consumer spending. The walk score is 88, and the bike score is 89, highlighting its accessibility and walkability. The property has 18 feet of frontage and offers excellent visibility. APN: 14-20-101-053-1018. This is a unique opportunity to own a thriving business space in a high-demand Chicago neighborhood.

    Property Features for 1455 Irving Park Rd

    General Information

    Property type
    Medical offices
    Square Feet
    650 SF
    Class
    A

    Building Details

    Year Built
    2005

    HighLights

    • $165,000 asking price for a vacant 650 sq ft Class A office condo.
    • Located at 1455 W Irving Park Rd, Chicago, IL 60613 (APN: 14‑20‑101‑053‑1018).
    • Suitable for creative office or medical office use; B3‑1 zoning.
    • Features include kitchenette, open floor plan, high ceilings, and ample street frontage.
    • Built in 2005, with a price per square foot of $253.85.
    Property Profile Location Intelligence

    Current Use by Public Records

    sheffield group Real Estate Agency

    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
    -87.6664129
    Latitude
    41.954228

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    FAQs

    What type of property is this?
    Medical office - 650 SF Office/Retail Condo, $165K
    Where is this medical office located?
    The property is located at 1455 Irving Park Rd Chicago, IL.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: $165,000 asking price for a vacant 650 sq ft Class A office condo.; Located at 1455 W Irving Park Rd, Chicago, IL 60613 (APN: 14-20-101-053-1018).; Suitable for creative office or medical office use; B3-1 zoning.
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    1455 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
    1455 Irving Park Rd Chicago, IL 60613
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