Sold
Last Sold Price
1420 W Irving Park Rd, Chicago, IL 60613
Mixed UseProperty Type
6,250 sq ftLot Size
1907Year Built
5 carsParking Spaces

Description

Turnkey, mixed use, beautiful 5 unit Greystone building. Excellent investment opportunity in prime Lakeview location on a double lot and zoned B1-2. Fully occupied building, which consists of one ground floor commercial space, comedy club, plus four 3 Bedroom 1 Bath apartments and long term tenants. The property also includes 3 garage spaces & two exterior parking spaces for additional income. The residential units offer an enormous amount of living space for the tenants, separate dining areas, large...Turnkey, mixed use, beautiful 5 unit Greystone building. Excellent investment opportunity in prime Lakeview location on a double lot and zoned B1-2. Fully occupied building, which consists of one ground floor commercial space, comedy club, plus four 3 Bedroom 1 Bath apartments and long term tenants. The property also includes 3 garage spaces & two exterior parking spaces for additional income. The residential units offer an enormous amount of living space for the tenants, separate dining areas, large rear decks, common rear patio, and security fence in the rear. Some units have recently updated bathrooms, kitchens, and new hardwood flooring. All the units have newer individual HVAC units, feature in unit laundry and hot water heaters and utilities are tenant paid. Building has been maintained and well cared for with necessary updates over time. Call agent for additional financial information and any additional questions.

    Sold By @properties

    • Listed by: Timothy Smiejek 773.230.9701 tim@chicagotim.com • Keller Williams Chicago-Lincoln Park
    Listing closed: 09/24/2020 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10801613

    Recent comparable sales

    Median sold price

    $1,150,000

    Avg days on market

    67

    Sale-to-list ratio

    94.8%

    Chicago, IL

    9 comparable properties found

    $1,250,000 | 2114 West Roscoe Street, Chicago, IL 60618
    1/22
    1

    $1,250,000

    Sold 06/10/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a view of a house with a door
    1/24
    2

    $1,300,000

    Sold 10/30/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a front view of multi story residential apartment building
    1/30
    3

    $1,150,000

    Sold 10/20/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $1,105,000 | 2004 West Roscoe Street, Chicago, IL 60618
    1/24
    4

    $1,105,000

    Sold 04/10/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a building view
    1/11
    5

    $1,150,000

    Sold 04/15/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.06
    Acres
    $1,720,000 | 2903 West Irving Park Road, Chicago, IL 60618
    1/25
    6

    $1,720,000

    Sold 07/01/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.08
    Acres
    a front view of a building
    1/80
    7

    $1,100,000

    Sold 08/06/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.06
    Acres
    $1,500,000 | 5441 North Lincoln Avenue, Chicago, IL 60625
    1/35
    8

    $1,500,000

    Sold 05/13/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.11
    Acres
    $1,030,000 | 2112 West Roscoe Street, Chicago, IL 60618
    1/6
    9

    $1,030,000

    Sold 12/31/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres

    Location

    Add your commute

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    $9,905 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $7,457

    Property Taxes

    $2,449

    HOA Dues

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    Property Information for 1420 West Irving Park Road

    Property Details
    • Taxes: $29,384 / year
    • MLS Type: Commercial Sale
    • County: Cook County
    • Area: CHI - Lake View
    • Air Conditioning Type: Central Air, Central Individual
    Building Information
    • Stories: 3
    • Residences: 5
    • Year Built: 1907
    • Lot Size: 0.14 AC / 6,250 SF
    General Information
    Addtl Parking Information
    • Indoor Parking: 1-5 Spaces,Detached
    • Outdoor Parking: 1-5 Spaces
    Location and General Information
    • Geographic Locale: Chicago North
    • Information: 24-Hr Notice Required,List Broker Must Accompany
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Air Conditioning: Central Air, Central Individual
    • Electric: Circuit Breakers
    • Flooring: Tile, Wood
    • # Of Washers: 4
    • Heat/Ventilation: Central Heat/Indiv Controls,Forced Air,Gas
    • # Of Refrigerators: 4
    • Washer/Dryer Lsd: No
    • Misc Inside: Basement
    • # Of Dryers: 4
    • # Of Dishwashers: 4
    • Num of Baths: 0.0
    Exterior Features
    • # Of Apts: 4
    Property/Lot Information
    • Tenant Pays: Air Conditioning, Electricity, Heat
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Lot Dimensions: 50X125
    • Lot Size Square Feet: 6250.0
    • Stories: 3
    • Exterior Building Type: Brick
    • Fire Protection: None
    • Roof Structure: Flat
    • # Of Offices: 0
    • # Of Ranges: 4
    • # Of Stores: 1
    • Property Sub Type: Mixed Use
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 72
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    • Virtual Tour Date: 07-31-2020
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 5
    Income & Expenses
    • Electric Expense: $417.00
    • Fuel Expense: $.00
    • Gross Income: $126,960.00
    • Gross Scheduled Income: $126,960.00
    • Insurance Expense: $3,250.00
    • Electric Expense Source: Actual
    • Expense Year: 2019
    • Total Annual Expense Source: Owner Projection
    • Fuel Expense Source: Actual
    • Insurance Expense Source: Actual
    • Net Operating Income Year: 2019
    • Other Expense Source: Actual
    • Trash Expense Source: Actual
    • Total Monthly Income: 10580
    • Water Expense Source: Actual
    • Net Operating Income: $77,444.00
    • Operating Expense: $20,132.00
    • Other Expense: $13,152.00
    • Trash Expense: $.00
    • Water Sewer Expense: $3,313.00

    Property History for 1420 West Irving Park Road

    DateEvent & SourcePriceAppreciation
    Sep 24, 2020

    Sold

    MRED #10801613

    $1,467,000
    Sep 16, 2020

    Sold (Public Record)

    Public Record #683931576

    $1,467,000

    +4.5% / yr

    Aug 25, 2020

    Pending

    MRED #10801613

    DateEvent & SourcePrice
    09/24/2020

    Sold

    MRED #10801613

    $1,467,000
    09/16/2020

    Sold (Public Record)

    Public Record #683931576

    $1,467,000

    +4.5% / yr

    08/25/2020

    Pending

    MRED #10801613

    For completeness, we often displays two records for one sale: the MLS record and the public record.

    Public Records for 1420 West Irving Park Road

    Taxable ValueLand$71,360Additions$99,640Total$171,000
    Tax Record2023$36,079 ($3,007 / month)
    Home Facts
    Baths5Total Finished SqFt7,940 SqFtAbove Grade Finished SqFt7,940 SqFtStories3Lot Size6,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1906CountyCOOKAPN14-17-314-034

    Schools near 1420 West Irving Park Road

    This home is within Chicago Public Schools.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 8
    Public - 9 to 12
    Charter - 9 to 12
    Public - PK to 8
    Rating
    School
    Distance
    Blaine Elementary School
    PublicPK to 8

    Lake View High School
    Public9 to 12

    YCCS-Truman Middle College HS
    Charter9 to 12

    Inter-American Elementary Magnet School
    PublicPK to 8

    School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

    Neighborhood Map and Transit

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    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    Listing Courtesy of Keller Williams Chicago-Lincoln Park

    Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 09:44 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.