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Listed by Migdalia Cajigasof Re/Max Cityview
$ 549,000
Est. payment /mo
New
5858 W Irving Park Road Chicago, IL 60634
2,800 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $196
MLS Listing ID 12480220
Year Built 1938
Annual Tax Amount $10,814
Tax Year 2023
Lot Dimensions 50 x 125
Property Sub-Type Retail/Stores
Property Description
Prime Commercial Investment Opportunity in Portage Park! Exceptional corner property featuring two PINs and three leased commercial units along busy Irving Park Road. Well-maintained building with separate utilities: each unit has its own furnace, central air conditioning, and electrical panel. Additional storage in rear lower level of corner unit. Roof sealant applied every 5 years. Private rear parking lot with 9 spaces-a rare find in this area. Corner unit is in excellent condition; the other two units are in good condition. High visibility with 17,400 vehicles per day (per IDOT), offering strong signage exposure and long-term investment appeal. Located in a high-traffic corridor with strong visibility and surrounded by established businesses, this property is ideal for investors seeking long-term upside. Unit in center of building will be vacated at closing. Current rents are below market, the projected market rents between $2000 to $2500 per month.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available
View Y/N true
Building
Structure Type Brick
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