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1346 W Irving Park Rd 5,552 SF 100% Leased Retail Building Bensenville, IL 60106 $695,000 ($125.18/SF) 7.83% Cap Rate



INVESTMENT HIGHLIGHTS
- Fully occupied mixed-use, two-story building featuring 4 residential apartments and 2 commercial units at 7.83% cap
- Well-maintained with hardwood flooring throughout the entire building and a 5-year roof
- Just minutes from O’Hare Airport and downtown Chicago with easy access to I-290 and I-294
- All units are separately metered; tenants are responsible for gas and electricity
- Ample parking available: 5 surface spaces at the front and 11 additional parking spaces in the rear
- Suitable for owner-occupants, value-add investors, or redevelopment opportunities
EXECUTIVE SUMMARY
iReal Estate Commercial is proud to present a prime 7.83% cap mixed-use investment opportunity in Bensenville, IL, which is 17 miles west of downtown Chicago.
Seize this exceptional opportunity to acquire a fully occupied mixed-use, two-story building encompassing approximately 5,096 square feet on a 6,970 square foot lot. The second floor features four residential apartments, each with 1 bedroom and 1 bathroom. Two units are currently secured with 6-month written leases.
The first floor boasts two commercial units, one of which is occupied by Arcane Tattoo Studio. This tenant has just renewed a 3-year lease with annual rent escalations. Another 3-year commercial lease has been finalized for Unit A, and a new medical tenant started the lease on September 1st, 2025, with an option to renew for 5 years at annual escalations.
All units are separately metered, ensuring tenants are responsible for their gas and electricity. The building showcases beautiful hardwood flooring throughout and has been meticulously maintained, including a recently updated roof (less than 5 years old).
Ample parking is a major asset, providing 5 surface spaces at the front and 11 additional spaces in the rear. Perfectly positioned near the Metra Wood Dale train station and benefiting from low DuPage County real estate taxes, this property offers outstanding visibility and high traffic counts. It is surrounded by a vibrant array of retailers, restaurants, and shops, making it a desirable location for any business. It’s conveniently located just minutes from O’Hare Airport and downtown Chicago, with easy access to I-290 and I-294.
Don't miss this remarkable opportunity, suitable for an owner-user, savvy value-add investors, or those looking for redevelopment potential. Act now to secure your stake in this promising investment!
Seize this exceptional opportunity to acquire a fully occupied mixed-use, two-story building encompassing approximately 5,096 square feet on a 6,970 square foot lot. The second floor features four residential apartments, each with 1 bedroom and 1 bathroom. Two units are currently secured with 6-month written leases.
The first floor boasts two commercial units, one of which is occupied by Arcane Tattoo Studio. This tenant has just renewed a 3-year lease with annual rent escalations. Another 3-year commercial lease has been finalized for Unit A, and a new medical tenant started the lease on September 1st, 2025, with an option to renew for 5 years at annual escalations.
All units are separately metered, ensuring tenants are responsible for their gas and electricity. The building showcases beautiful hardwood flooring throughout and has been meticulously maintained, including a recently updated roof (less than 5 years old).
Ample parking is a major asset, providing 5 surface spaces at the front and 11 additional spaces in the rear. Perfectly positioned near the Metra Wood Dale train station and benefiting from low DuPage County real estate taxes, this property offers outstanding visibility and high traffic counts. It is surrounded by a vibrant array of retailers, restaurants, and shops, making it a desirable location for any business. It’s conveniently located just minutes from O’Hare Airport and downtown Chicago, with easy access to I-290 and I-294.
Don't miss this remarkable opportunity, suitable for an owner-user, savvy value-add investors, or those looking for redevelopment potential. Act now to secure your stake in this promising investment!
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,552 SF
Building Class
C
Year Built
1961
Price
$695,000
Price Per SF
$125.18
Cap Rate
7.83%
NOI
$54,425
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.80
Lot Size
0.16 AC
Zoning
C-2 (Commercial District)
Parking
16 Spaces (2.88 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $105,201 (2024) | |
| Land Assessment | $44,153 (2024) | Total Assessment | $149,354 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$44,153 (2024)
Improvements Assessment
$105,201 (2024)
Total Assessment
$149,354 (2024)
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1346 W Irving Park Rd
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