4504 Irving Park Rd Chicago, IL 60641-2809
For Sale
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This exceptional mixed-use property, located at 4504 Irving Park Road in Chicago, Illinois, presents a lucrative investment opportunity. Built in 2011, this all-brick building boasts a total of 13,750 square feet situated on a 7,841 square foot lot. The property comprises eight units, offering a blend of residential and commercial space. Seven updated apartments are included, featuring a mix of spacious floor plans. Four units offer expansive 1,750 square feet of living space, each with two bedrooms and two bathrooms. Three additional units provide bright and open 1,250 square feet of living space, also with two bedrooms and two bathrooms. Each residential unit includes in-unit laundry (washer/dryer), hardwood floors, granite countertops, stainless steel appliances, and a fireplace. Complementing the residential units is a substantial 3,000 square feet of retail space, ideal for a variety of businesses. Ample parking is available, with designated spaces for each residential unit and the retail space. The asking price for this remarkable property is $2,675,000. This is a rare opportunity to acquire a well-maintained, high-performing mixed-use building in a desirable Chicago location with strong rental income potential. The property's attractive features and prime location make it an ideal investment for discerning buyers seeking a blend of residential and commercial income streams. The zip code is 60641.
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Fit City Gym & Fitness Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.