4502 Irving Park Rd Chicago, IL 60641
- Retail properties
- 3,400 SF
Current Use by Public Records
- Retail properties
Property Details for 4502 Irving Park Rd
- Year built
- 2011
- Property size
- 3,400 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
This exceptional mixed-use property, located at 4502 W. Irving Park Rd in Chicago, Illinois, presents a compelling investment opportunity. Built in 2011, this 3,400 square foot building boasts eight units, generating a substantial net operating income (NOI) of $172,658. The building features seven residential units, each a spacious two-bedroom, two-bathroom apartment complete with a private balcony and dedicated parking. These condo-quality units include in-unit laundry facilities and separate gas and electric meters for tenant convenience. Adding to the property's versatility is a large 3,400 square foot commercial space currently occupied by a fitness business. The building is equipped with an elevator, enhancing accessibility and convenience for residents and commercial tenants alike. This fully leased property offers a rare combination of residential and commercial income streams, making it an ideal investment for discerning buyers seeking a stable and high-performing asset in a desirable Chicago location. The property's excellent condition and strong tenant occupancy further solidify its value and potential for long-term growth. The zip code is 60641, and Cook County is the location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7407
- Latitude
- 41.9538
