5920 W Irving Park Road Chicago, IL $ 650,000
5920 W Irving Park Road
$ 650,000
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5920 W Irving Park Road

Chicago, IL, 60634
$ 650,000
Baths0.0 Sq 7,300

Monthly Estimate*

$ 4,320

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Studio

Commercial Property for sale in Chicago, IL

for $650,000. This 7,300 square foot building was built in 1930 on a lot size of 0.190611.

Discover the potential of 5920-22 W Irving Park Rd, Chicago, IL 60634. Nestled in the dynamic Irving Park neighborhood, this former liquor store and adjoining laundromat offers a rare chance to shape a commercial haven in Chicago. Spanning 7,300 sq ft building on a highly visible corner lot, it's an ideal setting fora mixed-use multi-family or stand alone restaurant, retail or service-based ventures. Currently heavy power, water and gas already to the site. Additionally, sample plans and elevations are available for an exciting mixed-use development, encompassing one commercial space and eight residential units, promising a blend of functionality and style. Strategically located amidst a dense mix of residential and commercial properties, the site benefits from constant foot traffic and ample street parking. The vicinity boasts a rich assortment of dining, shopping, and service outlets, including the renowned Giordano's Pizza, fostering a vibrant community atmosphere. Ease of access is guaranteed with proximity to the CTA Blue Line, multiple bus routes, and the Kennedy Expressway (I-90), simplifying commutes for customers and staff. Plus, with a $150k SBIF Grant currently available and potential eligibility for a TIF Grant from the City of Chicago, thanks to its location within the TIF Corridor, seizing this exceptional opportunity has never been more attractive. Build your multi-unit building now.

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Commercial Active

Price

$ 650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 24,102

Style

Commercial

Lot Size

0.190611

Year Built

1930

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11999109

Features
General
Cooling Central Air
Utilities Electric to Site Gas to Site Water-Municipal
Zoning COMMR
Construction Materials Brick
Year Built 1930
Electric Separate Meters
Tenant Pays Varies by Tenant
Stories 3
Township Jefferson
Tax Year 2021
Current Use Commercial
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Instut/To Develop
Possible Use Commercial Development Multi-Family Retail
Status Active
Directions I-90/I-94 to Irving Park Rd. west to 5920-22
City Chicago
MLS Area CHI - Portage Park
Lot Size Square Feet 8303
Street Name Irving Park
Tax Annual Amount 24102
Additional Parcels Y/N N
Virtual Tour https://www.hommati.com/3DTour-AerialVideo/unbranded/5920-W-Irving-Park-Rd-Chicago-IL--HPI21096783
Days on Market 48
Standard Status Active
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Exterior
Building Area Total 7300
Lot Dimensions 8303
Frontage Type City Street
Exterior Brick
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Interior
Street Suffix Road
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* Excluded Features
List By
Senw

Broker

info@flawlesshomes.com

Email

Affordability Calculator

$6,329
Per Month
68%
32%
0%
Monthly Principal & Interest
$4,320
Monthly Property Taxes
$2,009
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$650,000 Listed Price

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5920 W Irving Park Road, Chicago, IL, 60634 is a Commercial Property for sale at $650,000 with 7,300 sqft and a lot size of 0.190611. 5920 W Irving Park Road is a studio with 0.0 baths and was built in 1930. The property's zip code is 60634 which is in Chicago, IL