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Performing Arts Venue and 2 Apartments 3014 W Irving Park Rd 7,267 SF 100% Leased Retail Building Chicago, IL 60618 $1,100,000 ($151.37/SF) 7.26% Cap Rate
INVESTMENT HIGHLIGHTS
- New Roof and Significant Tuckpointing in 2015
- Apartments include upgraded wood cabinets, granite countertops, vinyl flooring, and SS appliance package
- Significant Capital Improvements in 2016
EXECUTIVE SUMMARY
3014 W Irving Park Road boasts great frontage on Irving Park Road with a traffic count of over 41,000 cars per day. The property has two residential apartments and one retail space. The retail space is occupied by Windy City Playhouse, a fantastic tenant that provides a truly unique theater experience. The theater boasts a substantial build out with capital improvements of approximately $1,100,000. Including a lobby with a bar, stage, theater seating, dressing rooms, kitchen and an extensive amount of lighting. Residential units were gut rehabbed with newer finishes and updated mechanicals and plumbing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,267 SF
Building Class
C
Year Built/Renovated
1913/2015
Price
$1,100,000
Price Per SF
$151.37
Cap Rate
7.26%
NOI
$79,824
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
1.28
Lot Size
0.13 AC
Zoning
50
Parking
2 Spaces (0.28 Spaces per 1,000 SF Leased)
Frontage
50’ on Irving Park Rd
AMENITIES
- Tenant Controlled HVAC
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-13-327-027-0000 | Improvements Assessment | $40,730 |
| Land Assessment | $36,270 | Total Assessment | $77,000 |
PROPERTY TAXES
Parcel Number
13-13-327-027-0000
Land Assessment
$36,270
Improvements Assessment
$40,730
Total Assessment
$77,000
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Performing Arts Venue and 2 Apartments | 3014 W Irving Park Rd
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