3414 West Irving Park Road

Chicago, IL 60618

$2,849,000
Price
16
Beds
16
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This property has a huge upside with minimal work. Long term owner with below market rents that can be substantially increased. The property consists of 16 residential units of which 10 have been remodeled within the last 2 years. 5 stores are all rented. 2 warehouse units in the back total around 6,300 square feet can be utilized for many different businesses. The warehouses connect to one of the front stores and can potentially be used as a showroom in the store and storage in the warehouse. Separate...This property has a huge upside with minimal work. Long term owner with below market rents that can be substantially increased. The property consists of 16 residential units of which 10 have been remodeled within the last 2 years. 5 stores are all rented. 2 warehouse units in the back total around 6,300 square feet can be utilized for many different businesses. The warehouses connect to one of the front stores and can potentially be used as a showroom in the store and storage in the warehouse. Separate heating and tenants pay all of their utilities. This building has been historically at 100% occupancy for years. Located on Irving Park Rd. (route 19), this property is close to I90 as well as public transportation.
  1. Listed by Dan Cvejic • Chicago Realty Professionals

Property Details for 3414 West Irving Park Road

Area
CHI - Irving Park
Township
Jefferson

Location

Listing Courtesy of Chicago Realty Professionals
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LISTING UPDATED: 04/02/2024 12:06 AM

Property Details for 3414 West Irving Park Road

StatusActive
MLS #12009949
Days on Market50
Taxes$33,254 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Corridor-Interior Entrance
Year Built1928
Lot Size0.27 AC / 11,700 SF
CountyCook County

Location

Listing Courtesy of Chicago Realty Professionals
Add your commute

Building Information for 3414 West Irving Park Road

Stories-Residences23Year Built1928Building Size-Lot Size0.27 AC / 11,700 SF

Payment Calculator

$18,319 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,548

Property Taxes

$2,771

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3414 West Irving Park Road

General Information
Addtl Parking Information
  • Open Parking Spaces: 0.0
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Heat/Ventilation: Forced Air
  • # Of Refrigerators: 16
  • Num of Baths: 16.0
Utilities / Equipment
  • Utilities: Sanitary Sewer, Water-Municipal, Cable Available
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 100 X 117
  • Lot Size Square Feet: 11700.0
  • Stories: 3
  • Exterior Building Type: Brick
  • Construction: Brick
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Lot Size Source: Survey
  • # Of Ranges: 16
  • Conversion: N
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 11
  • Deconversion: N
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 23
Income & Expenses
  • Electric Expense: $2,600.00
  • Fuel Expense: $3,950.00
  • Gross Income: $272,220.00
  • Gross Scheduled Income: $272,220.00
  • Insurance Expense: $16,000.00
  • Maintenance Expense: $.00
  • Janitor Expense: 4900
  • Other Expense Source: Owner Projection
  • Total Monthly Income: 22685
  • Net Operating Income: $199,396.00
  • Operating Expense: $72,824.00
  • Other Expense: $1,000.00
  • Trash Expense: $4,120.00
  • Water Sewer Expense: $7,000.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 16
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 0
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
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 3414 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.

Public Records for 3414 West Irving Park Road

Taxable ValueLand$21,060Additions$132,308Total$153,368
Tax Record2022$33,253 ($2,771 / month)
Home Facts
Total Finished SqFt4,300 SqFtAbove Grade Finished SqFt4,300 SqFtStories1Lot Size11,700 SqFtStyleStoresYear Built1928CountyCOOKAPN13-14-427-038

Schools near 3414 West Irving Park Road

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Charter - K to 8
Public - 7 to 12
Rating
School
Distance
Murphy Elementary School
PublicPK to 8

Roosevelt High School
Public9 to 12

CICS Irving Park
CharterK to 8

Disney II Magnet High School
Public7 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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3414 West Irving Park Road is a multi-family home for sale in Chicago, IL 60618. This property was listed for sale on March 27, 2024 by Chicago Realty Professionals, it's currently listed at $2,849,000. This listing's school district is City Of Chicago School District 299. Nearby schools include Murphy Elementary School, Roosevelt High School and CICS Irving Park. 3414 West Irving Park Road is a 16-bed, 16-bath, multi-family home built in 1928.

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 Chicago Realty Professionals

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.