Sold
Last Sold Price
5721-23 W Irving Park Rd, Chicago, IL 60634
Mixed UseProperty Type
0.14 acresLot Size
1927Year Built
8 carsParking Spaces

Description

Pleased to present this add-value 4-unit, mixed use investment opportunity. This property offers 2 first floor commercial retail units and the 2nd floor offering two 3 bed/1 bath residential units. Offering an open floor plan for the retail units, this will give any investor a higher probability of attracting future tenants to lease a vacant space. Property has ample parking for for all tenants with a total of 8-10 parking spaces available (45 ft X 47 ft lot) and storage space for the retail tenants....Pleased to present this add-value 4-unit, mixed use investment opportunity. This property offers 2 first floor commercial retail units and the 2nd floor offering two 3 bed/1 bath residential units. Offering an open floor plan for the retail units, this will give any investor a higher probability of attracting future tenants to lease a vacant space. Property has ample parking for for all tenants with a total of 8-10 parking spaces available (45 ft X 47 ft lot) and storage space for the retail tenants. An investor who can see the value in filling in the vacancies and adding capital improvements and deferred maintenance can be sure to see a nice return on investment.

    Sold By Rexx Real Estate Inc.

    Listing closed: 11/17/2020 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 10798416

    See It First™ on Compass

    Find homes before they're listed on other real estate sites.

    Start your search

    Recent comparable sales

    Median sold price

    $450,000

    Avg days on market

    54

    Sale-to-list ratio

    97.1%

    Chicago, IL

    9 comparable properties found

    a front view of a building with a garden and plants
    1/16
    1

    $405,000

    Sold 12/01/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $500,000 | 5709 West Irving Park Road, Chicago, IL 60634
    2

    $500,000

    Sold 09/17/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    a car parked in front of a building
    1/36
    3

    $500,000

    Sold 07/17/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.08
    Acres
    $450,000 | 4254 North Milwaukee Avenue, Chicago, IL 60641
    1/21
    4

    $450,000

    Sold 12/13/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $450,000 | 6037 West Belmont Avenue, Chicago, IL 60634
    1/15
    5

    $450,000

    Sold 09/01/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.07
    Acres
    $490,000 | 5317 West Belmont Avenue, Chicago, IL 60641
    1/30
    6

    $490,000

    Sold 06/18/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.06
    Acres
    front view of a house with a bench
    1/35
    7

    $495,000

    Sold 11/26/24

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.10
    Acres
    $450,000 | 5772 West Higgins Avenue, Chicago, IL 60630
    1/8
    8

    $450,000

    Sold 12/17/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    Unavailable
    Acres
    $375,000 | 5928 West Higgins Avenue, Chicago, IL 60630
    1/23
    9

    $375,000

    Sold 03/17/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    0.18
    Acres

    Location

    Add your commute

    Payment Calculator

    Get preapproved with
    OriginPoint Mortgage or Rocket Mortgage1

    $3,175 per month

    30 year fixed, 7.03% Interest

    Principal and Interest

    $2,376

    Property Taxes

    $799

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 5721-23 West Irving Park Road

    Property Details
    • Taxes: $9,591 / year
    • MLS Type: Commercial Sale
    • County: Cook County
    • Area: CHI - Portage Park
    • Air Conditioning Type: Central Individual
    Building Information
    • Stories: 2
    • Residences: 4
    • Year Built: 1927
    • Lot Size: 0.14 AC / 6,100 SF
    General Information
    Location and General Information
    • Geographic Locale: Chicago Northwest
    • Information: None
    Taxes and HOA Information
    • Additional Parcels: No
    Property Information
    Interior Features
    • Air Conditioning: Central Individual
    • Electric: Other
    • Flooring: Wood
    • Heat/Ventilation: Forced Air,Gas
    • Num of Baths: 0.0
    Exterior Features
    • # Of Apts: 2
    Property/Lot Information
    • Tenant Pays: Other
    • Built Before 1978: Yes
    • Approximate Age: Older
    • Lot Dimensions: 50 X 122
    • Lot Size Square Feet: 6100.0
    • Stories: 2
    • Fire Protection: Other
    • # Of Offices: 0
    • Other SqFt: 1908
    • Retail SqFt: 3034
    • # Of Stores: 2
    • Property Sub Type: Apts/Stores
    Property and Assessments
    • Public Document Count: 0
    • Photos Count: 17
    Virtual Tour/Additional Media
    • Virtual Tour: None
    • Virtual Tour YN: No
    Multi Family
    Multi-Family Information
    • Number Of Units Total: 4
    Income & Expenses
    • Electric Expense: $.00
    • Fuel Expense: $.00
    • Gross Income: $65,208.00
    • Gross Scheduled Income: $65,208.00
    • Insurance Expense: $4,397.00
    • Electric Expense Source: Broker Projection
    • Expense Year: 2020
    • Total Annual Expense Source: Broker Projection
    • Insurance Expense Source: Broker Projection
    • Net Operating Income Year: 2020
    • Trash Expense Source: Broker Projection
    • Total Monthly Income: 5434
    • Water Expense Source: Broker Projection
    • Net Operating Income: $35,838.00
    • Operating Expense: $22,289.00
    • Other Expense: $.00
    • Trash Expense: $.00
    • Water Sewer Expense: $.00

    Property History for 5721-23 West Irving Park Road

    DateEvent & SourcePriceAppreciation
    Nov 17, 2020

    Sold

    MRED #10798416

    $445,000—
    Sep 11, 2020

    Pending

    MRED #10798416

    —
    Jul 28, 2020

    Listed (Active)

    MRED #10798416

    $499,000—
    DateEvent & SourcePrice
    11/17/2020

    Sold

    MRED #10798416

    $445,000
    09/11/2020

    Pending

    MRED #10798416

    —
    07/28/2020

    Listed (Active)

    MRED #10798416

    $499,000

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

    Schools near 5721-23 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 - K to 8
    Rating
    School
    Distance
    Gray Elementary School
    PublicPK to 8

    Schurz 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.

    Neighborhood Map and Transit

    Similar Homes

    New listings in 60634

    $500,000 | 3755 North Nottingham Avenue, Chicago, IL 60634
    1/15

    $500,000

    5
    Bedrooms
    2,900
    Square Feet
    0.09
    Acres
    $447,078 | 3831 North Octavia Avenue, Chicago, IL 60634
    1/30
    Listed By @properties

    $447,078

    5
    Bedrooms
    2,898
    Square Feet
    0.10
    Acres
    $499,900 | 3066 North Nordica Avenue, Chicago, IL 60634
    1/37

    $499,900

    4
    Bedrooms
    2,412
    Square Feet
    0.11
    Acres
    $725,000 | 3456 North Pioneer Avenue, Chicago, IL 60634
    1/34

    $725,000

    4
    Bedrooms
    2,600
    Square Feet
    Unavailable
    Acres
    $389,900 | 3252 North Neenah Avenue, Chicago, IL 60634
    1/22
    Open: 10/4 12:00PM - 02:00PM

    $389,900

    2
    Bedrooms
    1,166
    Square Feet
    0.09
    Acres
    $749,990 | 6042 West Addison Street, Chicago, IL 60634
    1/22
    Listed By Coldwell Banker Realty

    $749,990

    6
    Bedrooms
    3,150
    Square Feet
    0.22
    Acres
    $499,900 | 7041 West School Street, Chicago, IL 60634
    1/43

    $499,900

    5
    Bedrooms
    1,890
    Square Feet
    0.09
    Acres
    $499,000 | 3230 North Neva Avenue, Chicago, IL 60634
    1/35

    $499,000

    5
    Bedrooms
    2,100
    Square Feet
    0.09
    Acres
    $795,000 | 7311 West Addison Street, Chicago, IL 60634
    1/42
    See It FirstSotheby's International Realty Coming Soon

    $795,000

    5
    Bedrooms
    2,850
    Square Feet
    0.12
    Acres

    Nearby home values

    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.

    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 08/03/2023 12:39 PM. 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.