Property profile & analytics
5920 Irving Park Rd, Unit 22 Chicago, IL 60634-2617
- Retail space
- 6,700 SF
- 0.19 lot acres
OFF-MARKET
Last Sale
Oct 28, 2024
Oct 28, 2024
$540,000
Value Estimations
$800,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-5849967
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Retail space
Property Details for 5920 Irving Park Rd
- Year built
- 1930
- Lot size
- 0.19 lot acres
- Property size
- 6,700 SF
- Property type
- Retail space
- APN
- 13-17-422-029
- APU
- 1317422029
Description
This 7,300 square foot, two-unit retail property in Chicago's Irving Park neighborhood (60634) is available for $550,000 ($75.34/SF). Formerly a liquor store with walk-in coolers and freezers, and an attached laundromat/dry cleaner, this vacant building offers significant potential for various uses, including a grocery store, restaurant, or multiple ghost kitchens. The property boasts a large gas, electrical, and water supply, along with a prominent corner location offering high visibility and ample street parking. Built in 1930, the single-story building is zoned B3-1 and features large storefront windows. The property's location benefits from high foot traffic, proximity to public transportation (CTA Blue Line and bus routes), and easy access to the Kennedy Expressway (I-90). A $150,000 grant is available, and the property may be eligible for a TIF grant. Detailed plans for a mixed-use new construction project (1 commercial space and 8 residential units) are available upon request. This distressed property presents a unique investment opportunity in a thriving Chicago neighborhood. The property is classified as Class D and has a Net Rentable area of 7,300 square feet. The Cook County APN is 13174220290000.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,071,000
- AI Estimate
- $894,000
Market price range: $495k - $1.17MMarket price range: $338k - $975k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $790,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,255,000 Change: +59% Conversion: Difficult
- OFFICE BUILDING
- $900,000 Change: +14% Conversion: Easy
- AUTO REPAIR, GARAGE
- $805,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7753
- Latitude
- 41.9534
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$35,966
$37,363
$137,498
$174,861
-
$149,452
$549,992
$699,444
