Value-Add Mixed-Use Building in Lakeview
No Longer Available For Sale
1412 W. Irving Park Rd.
Chicago, IL 60613
6,500 SF
Mixed-Use
The Details
- 6,500 SF mixed-use building
- Three 3 bed, 1 bath apartments
- 1,100 SF commercial storefront
- Opportunity to add value
- All units leased month-to-month
- Potential NOI: $76,791
- Recent updates to roof and porches
- Close to public transportation
- Land Area: 3,200 SF
- Zoning: B1-2
- Part of East Ravenswood Historic District
- Taxes (2014): $11,409
Just off Southport, this 6,500 square foot mixed-use building is divided into three 3 bedroom apartments and a 1,100 square foot commercial storefront. The property is in need of cosmetic updates; improvements were recently made to the roof and the porches. Currently the building is fully occupied with month-to-month tenants. An on-site laundry and two-car garage offer the potential to generate additional income. This is a great opportunity to add value in a prime location on Chicago’s north side.
Lakeview is one of the largest neighborhoods in Chicago, with more than 94,000 residents. The north side neighborhood is a very desirable location for businesses and residents alike.