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4335 W Irving Park Rd 9,500 SF Office/Retail Condo Unit Offered at $1,800,000 in Chicago, IL 60641
Investment Highlights
- Located near major transit options and highways, with easy access to shopping, dining, and services.
- Tenants have secured leases, providing consistent income.
- Recent city streetscape improvements enhance curb appeal and pedestrian experience.
- Sits on a highly visible corner in the Old Irving Park neighborhood.
Executive Summary
Located in the heart of Old Irving Park, this unit offers an attractive residential option in a highly walkable Chicago neighborhood. The space is a top-floor one-bedroom condo situated on the quieter courtyard side of the building, away from Irving Park Road. It features a kitchen with granite countertops, white cabinetry, ceramic tile flooring, and standard appliances including a range, microwave, dishwasher, and refrigerator. The living room and bedroom areas include carpet flooring, ceiling fans with lights, and ample closet space.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 8.12% |
| Sale Type | Investment |
| Cap Rate | 8.12% |
Sale Notes
Exceptional investment opportunity in Chicago's sought-after Old Irving Park neighborhood. This professionally managed, approximately 9,500 SF mixed-use commercial Condominium property has been extensively renovated and is fully leased to quality tenants, including The Art of Being, Edible Arrangements, and CEDA WIC, a well-funded nonprofit with lease term remaining. Located on a highly visible signalized corner along Irving Park Road, the property benefits from excellent traffic counts, strong demographics, and recent City streetscape improvements with decorative vintage lighting. Steps from the new Northwestern Medicine facility and offering convenient access to I-90/94, CTA Blue Line, Metra, and downtown Chicago. A stable tenant mix, attractive lease terms, prime location, and strong cash flow combined to deliver an outstanding cap rate and exceptional return on investment. Truly a turnkey asset in one of Chicago's premier commercial corridors.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1-6 | 9,500 SF | Office/Retail | $1,800,000 ($189.47/SF) | $146,212.76 |
Unit 1-6
| Unit Size |
| 9,500 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,800,000 ($189.47/SF) |
| NOI |
| $146,212.76 |
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Unit 1-6
| Unit Size | 9,500 SF |
| Condo Use | Office/Retail |
| Price | $1,800,000 ($189.47/SF) |
| NOI | $146,212.76 |
| Sale Type | Investment |
| Cap Rate | 8.12% |
| Sale Notes | |
| Exceptional investment opportunity in Chicago's sought-after Old Irving Park neighborhood. This professionally managed, approximately 9,500 SF mixed-use commercial Condominium property has been extensively renovated and is fully leased to quality tenants, including The Art of Being, Edible Arrangements, and CEDA WIC, a well-funded nonprofit with lease term remaining. Located on a highly visible signalized corner along Irving Park Road, the property benefits from excellent traffic counts, strong demographics, and recent City streetscape improvements with decorative vintage lighting. Steps from the new Northwestern Medicine facility and offering convenient access to I-90/94, CTA Blue Line, Metra, and downtown Chicago. A stable tenant mix, attractive lease terms, prime location, and strong cash flow combined to deliver an outstanding cap rate and exceptional return on investment. Truly a turnkey asset in one of Chicago's premier commercial corridors.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 27,720 SF | Typical Floor Size | 9,240 SF |
| Property Type | Multifamily (Condo) | Year Built | 1923 |
| Property Subtype | Apartment | Lot Size | 0.28 AC |
| Building Class | C | Parking Ratio | 0.04/1,000 SF |
| Floors | 3 | ||
| Zoning | B4-2, Chicago - Business District | ||
| Total Building Size | 27,720 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 9,240 SF |
| Year Built | 1923 |
| Lot Size | 0.28 AC |
| Parking Ratio | 0.04/1,000 SF |
| Zoning | B4-2, Chicago - Business District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
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4335 W Irving Park Rd