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    FOR SALE
    Auto shops

    1833 W Irving Park Rd, Chicago, IL 60613

    9,200 SF 0.27 ac lot Built 1919
    Individually Owned Absentee Owner ~ Est. High Equity
    Property ID
    US28-0990904
    Property summary
    AI-generated overview

    This exceptional 11,876 square foot warehouse, located in Chicago's desirable North Center neighborhood at 1833 W Irving Park Rd, presents a unique investment opportunity. Priced at $1,200,000, this property boasts a 20-foot ceiling height, ideal for various industrial uses. The building is a rare example of an original bow truss structure. While situated near the Irving Park Brown Line CTA stop, offering potential for Transit Oriented Development, it's important to note that the property's access is via an alley, not directly from Irving Park Road. Seven under-track parking spaces are currently leased from the CTA; however, buyers are responsible for verifying the current availability and cost of these spaces. This property is situated in Cook County, Illinois, zip code 60613. The property's location offers excellent access to public transportation and is within close proximity to various amenities. This presents a rare chance to acquire a unique industrial property in a highly sought-after area. Potential buyers should conduct their own due diligence to confirm all aspects of the property and its potential uses.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1919
    Total area 9,200 SF
    Lot 0.27 ac (11,877 SF)
    APN 14-19-201-032
    UPID US28-0990904
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hair Apothecary Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $898k
    Blend (final) Blend
    $850k
    Owner & transaction history
    Ptshp Kamp
    Ptshp Kamp
    1 recorded transaction
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.3M +21.5%
    Office building $1.2M +12.4%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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