For Sale
$1,100,000

3014 Irving Park RdChicago, IL 60618

Chicago Multifamily & Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • Exceptional mixed-use investment opportunity at 3014 W Irving Park Rd, Chicago, IL.
  • 7,267 SF building on a 5,850 SF lot with high traffic (41,000+ cars daily).
  • Fully occupied by Windy City Playhouse (7-year lease, 5-year option) with substantial build-out.
  • Includes three renovated residential units.
  • Class B, stabilized investment with 100% occupancy; $1,100,000 asking price ($151.37/SF).

Property Details for 3014 Irving Park Rd

Property type
Specialty properties, Retail properties
Square Feet
7,267 SF
Class
B
Buildings
1
Stories
2
Units
3

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.95391593
Longitude
-87.70373372
3014 Irving Park Rd, Chicago, Illinois

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3014 Irving Park Rd
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