Active
5256 W Irving Park Rd, Chicago, IL 60641
Est: $7,780/moGet pre-approved
Mixed UseProperty Type
0.13 acresLot Size
1920Year Built

Description

5254-58 W Irving Park Rd is well located, value-add mixed-use building in Portage Park. The property features (7) total apartments and (2) commercial spaces with full basements. The apartments feature (4) 1br/1ba apartments on the Lockwood side, and then on Irving Park above the commercial, there are (2) 1br/1ba & (1) 2br/1ba apartments. The apartments are heated by a boiler with window AC units. The unit interiors are well kept, but primarily vintage with some Chicago charm. This boasts an excellent...5254-58 W Irving Park Rd is well located, value-add mixed-use building in Portage Park. The property features (7) total apartments and (2) commercial spaces with full basements. The apartments feature (4) 1br/1ba apartments on the Lockwood side, and then on Irving Park above the commercial, there are (2) 1br/1ba & (1) 2br/1ba apartments. The apartments are heated by a boiler with window AC units. The unit interiors are well kept, but primarily vintage with some Chicago charm. This boasts an excellent opportunity for new ownership to capitalize on increased rents throughout the market through cosmetic improvements. The commercial spaces are occupied by Saravale Meat Market & a local attorney office. Saravale has been in this location for over 25 years. The property has a new tear off roof that was completed within the last two years. Lastly, 5254-58 W Irving Park Rd benefits from a reduced assessed value through the AHSAP, providing a lower assessed value. 2 units must remain affordable at 60% of AMI and filed as such yearly to continue to the program. This is an excellent opportunity on a corner lot in an appreciating market. Your clients will not be disappointed they purchased this asset.
8 days on Market
  • Listed by: John Preston 312.548.6823 jpreston@htapartments.com • Horvath & Tremblay IL, LLC
Last updated: 09/16/2026 12:06 AM • Source: MRED as distributed by MLS GRID, MLS#: 12754460

Location

Listing Courtesy of Horvath & Tremblay IL, LLC
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$7,780 per month

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Property Information for 5256 West Irving Park Road

Property Details
  • Taxes: $9,640 / year
  • MLS Type: Commercial Sale
  • County: Cook County
  • Area: CHI - Portage Park
  • Air Conditioning Type: Central Air, Window Unit(s)
  • Zoning: OTHER
Building Information
  • Stories: 2
  • Residences: 9
  • Year Built: 1920
  • Lot Size: 0.13 AC / 5,637 SF
General Information
Owner
  • Owner Pays: Snow Removal, Trash Collection, Management, Sewer, Water, Gas, Electricity, Taxes, Repairs, Roof, Scavenger, Structure
Location and General Information
  • Geographic Locale: Chicago Northwest
  • Information: 48-Hr Notice Required
Property Information
Interior Features
  • Air Conditioning: Central Air, Window Unit(s)
  • Electric: Separate Meters
  • Heat/Ventilation: Central Heat/Indiv Controls,Radiators
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 7
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 50x110
  • Lot Size Square Feet: 5637.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: Other
  • Roof Structure: Flat
  • Building Area Total: 9472
  • # Of Offices: 0
  • Retail SqFt: 4000
  • # Of Stores: 2
  • Property Sub Type: Mixed Use
Property and Assessments
  • Public Document Count: 0
  • Property Offered: For Sale Only
  • Photos Count: 13
  • OpenHouse Count: 0
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 9
Income & Expenses
  • Electric Expense: $392.00
  • Fuel Expense: $8,025.00
  • Gross Income: $134,064.00
  • Gross Scheduled Income: $134,064.00
  • Insurance Expense: $6,984.00
  • Electric Expense Source: Actual
  • Expense Year: 2025
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Actual
  • Insurance Expense Source: Actual
  • Other Expense Source: Combination
  • Trash Expense Source: Actual
  • Total Monthly Income: 11797
  • Water Expense Source: Actual
  • Net Operating Income: $82,158.00
  • Operating Expense: $52,206.00
  • Other Expense: $20,350.00
  • Trash Expense: $1,812.00
  • Water Sewer Expense: $3,683.00

Property History for 5256 West Irving Park Road

DateEvent & SourcePriceAppreciation
Oct 30, 2024

Sold (Public Record)

Public Record #1545807280

$1,145,000

+4.8% / yr

Dec 8, 2021

Sold (Public Record)

Public Record #1480286771

$1,000,000
DateEvent & SourcePrice
10/30/2024

Sold (Public Record)

Public Record #1545807280

$1,145,000

+4.8% / yr

12/08/2021

Sold (Public Record)

Public Record #1480286771

$1,000,000

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

Public Records for 5256 West Irving Park Road

Taxable ValueLand$12,683Additions$33,742Total$46,425
Tax Record2024$9,327 ($777 / month)
Home Facts
Total Finished SqFt11,190 SqFtAbove Grade Finished SqFt11,190 SqFtStories2Lot Size5,637 SqFtStyleMiscellaneous CommercialYear Built1918Year Renovated1920ZoningB3-1CountyCOOKAPN13-16-324-020-0000

Schools near 5256 West Irving Park Road

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

Schurz High School
Public9 to 12

Vaughn Occupational High School
Public9 to 12

Rickover Naval Academy High School
Public9 to 12

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.

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5256 West Irving Park Road is a mixed use property for sale in Chicago, IL 60641. This property was listed for sale on September 10, 2026 by Horvath & Tremblay IL, LLC, it's currently listed at $1,350,000. It has been on the market for a total of 8 days and was last sold on October 30, 2024. This listing's school district is Chicago Public Schools. Nearby schools include Portage Park Elementary School, Schurz High School and Vaughn Occupational High School. 5256 West Irving Park Road is a 0-bed, 0-bath mixed use property built in 1920.

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 Horvath & Tremblay IL, LLC

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 09/16/2026 12:06 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.