3014 Irving Park Rd Chicago, IL 60618

Property Details for 3014 Irving Park Rd

Year built

1915

Construction

FRAME

Lot size

0.13 lot acres

Property size

6,085 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

13-13-327-027

APU

1313327027

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Longitude

-87.7038

Latitude

41.9543

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments