2232 West Irving Park Road

Chicago, IL 60618

$1,599,000
Price
2
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Amazing Eight Unit Mult-Family/Mixed Use Property on Oversized Chicago Lot comprising of Six Residential Apartments and 2 Commercial Storefronts in coveted North Center/St. Ben's/Coonley School District! Six out of the Eight Units have been gutted to the studs. The property consists of 2 Spacious One Bedroom Apartments with 1 One Bedroom Fully Updated and 4 Fully Updated Studio Apartments along with 1 Fully Updated Commercial Storefront and 1 Additional Storefront. High Quality existing Commercial...Amazing Eight Unit Mult-Family/Mixed Use Property on Oversized Chicago Lot comprising of Six Residential Apartments and 2 Commercial Storefronts in coveted North Center/St. Ben's/Coonley School District! Six out of the Eight Units have been gutted to the studs. The property consists of 2 Spacious One Bedroom Apartments with 1 One Bedroom Fully Updated and 4 Fully Updated Studio Apartments along with 1 Fully Updated Commercial Storefront and 1 Additional Storefront. High Quality existing Commercial Storefront Tenants. All units have separate HVAC, separate hot water tanks for specific units and all tenants pay their own utilities. Updated Mechanicals, HVAC Systems, Electrical and Finishes in the majority of the units. Recent Roof Tear Off, Parapet Wall Tuckpointing including lintel replacements, rear stairway upgrades, updated Common Areas with Separate Common Coin Laundry Room and resided 2 Car Garage for additional income. Perfect for the owner-occupied investor, Buyer who is looking to operate their own business or long term buy and hold. Low Taxes as Well! Property is Being Sold As-Is!
  1. Listed by Nicholas Jakubco • Jakubco Development, Inc
  2. Listed by Dana Jakubco • Jakubco Development, Inc

Property Details for 2232 West Irving Park Road

Area
CHI - North Center
Township
Lake View
Zoning
COMMR

Location

Listing Courtesy of Jakubco Development, Inc
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LISTING UPDATED: 03/16/2024 12:06 AM

Property Details for 2232 West Irving Park Road

StatusActive
MLS #12000693
Days on Market82
Taxes$16,745 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1927
Lot Size0.10 AC / 4,531 SF
CountyCook County

Location

Listing Courtesy of Jakubco Development, Inc
Add your commute

Building Information for 2232 West Irving Park Road

Stories-Residences8Year Built1927Building Size-Lot Size0.10 AC / 4,531 SF

Payment Calculator

$10,122 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,726

Property Taxes

$1,395

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2232 West Irving Park Road

General Information
Addtl Parking Information
  • Indoor Parking: 1-5 Spaces
Location and General Information
  • Information: List Broker Must Accompany
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • # Of Washers: 1
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 6
  • Washer/Dryer Lsd: No
  • # Of Dryers: 1
  • # Of Dishwashers: 5
  • Num of Baths: 6.0
Property/Lot Information
  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 4531
  • Lot Size Square Feet: 4531.0
  • Stories: 2
  • Exterior Building Type: Brick
  • Construction: Brick
  • Fire Protection: None
  • # Of Ranges: 6
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 41
Miscellaneous
  • Current Use: Other
  • Location: Corner,Mixed Use Area
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
Income & Expenses
  • Electric Expense: $1,440.00
  • Fuel Expense: $1,800.00
  • Gross Income: $120,276.00
  • Gross Scheduled Income: $120,276.00
  • Insurance Expense: $3,500.00
  • Maintenance Expense: $.00
  • Expense Year: 2023
  • Total Annual Expense Source: Owner Projection
  • Janitor Expense: 0
  • Net Operating Income Year: 2023
  • Total Monthly Income: 10023
  • Net Operating Income: $95,351.00
  • Operating Expense: $24,925.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $1,440.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 4
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 2
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 2
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 2232 West Irving Park Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 2232 West Irving Park Road

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Public - 11 to 12
Rating
School
Distance
Coonley Elementary School
PublicK to 8

Amundsen High School
Public9 to 12

Lane Technical High School
Public7 to 12

Devry Advantage Academy High School
Public11 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.

Similar Homes

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Similar Sold Homes

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2232 West Irving Park Road is a multi-family home for sale in Chicago, IL 60618. This property was listed for sale on March 10, 2024 by Jakubco Development, Inc, it's currently listed at $1,599,000. It has been on the market for a total of 82 days and was last sold on January 11, 2019. This listing's school district is City Of Chicago School District 299. Nearby schools include Coonley Elementary School, Amundsen High School and Lane Technical High School. 2232 West Irving Park Road is a 2-bed, 6-bath, multi-family home built in 1927.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Jakubco Development, Inc

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.