Multifamily Housing
2245 West Irving Park Road Chicago, IL 60618
Details & Description
Price: $300,000
    North Center investmentStrong business presence in the communityApprox. 1100 SF on the first floor of this 4 unit buildingLess than 1 year remaining on the lease with one 3 year optionRE Taxes 2018 (14-19-102-040-1001) 10,443.00Lease rental rate at fair market valueZoned B3-2NOI $22,965.00CAP RATE 7.6%Commercial Condo for sale located in the desirable North Center. North Center is surrounded by great restaurants and retailers. Irving Park road includes very strong VPD & pedestrian traffic and located in close proximity to Lincoln Ave and Horner park. Landlord responsible for RE taxes & condo assessments, lease available upon request.Location:North Center
    Property ID:    202364
    Property URL: melqr.com/202364
    Generated:    04-26-24
    Listing Agents
    Tony Schillaci

    O: 773-491-2572
    tschillaci@jameson.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Illinois / Chicago / 60618 / 2245 West Irving Park Road

    2245 West Irving Park Road

    Chicago, IL 60618

    Listing ID: 202364
    Print Single-Page Version
    2245 West Irving Park Road Chicago, IL 60618 | for Sale | Photo 1
    Building Size: 1,100 SF
    Lot Size: 0.074 AC
    Land Size: 3,200 SF
    Building $/SF: $272.73
    Land $/SF: $93.75
    Price
    $300,000
    Description

    North Center investment

    Strong business presence in the community

    Approx. 1100 SF on the first floor of this 4 unit building

    Less than 1 year remaining on the lease with one 3 year option

    RE Taxes 2018 (14-19-102-040-1001) 10,443.00

    Lease rental rate at fair market value

    Zoned B3-2

    NOI $22,965.00

    CAP RATE 7.6%

    Commercial Condo for sale located in the desirable North Center. North Center is surrounded by great restaurants and retailers. Irving Park road includes very strong VPD & pedestrian traffic and located in close proximity to Lincoln Ave and Horner park. Landlord responsible for RE taxes & condo assessments, lease available upon request.

    Location:

    North Center

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Chicago History of Multifamily Housing for Sale

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    Chicago Area Market Trends

    Listing Demographics for 2245 West Irving Park Road Chicago, IL 60618

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population57,467594,1671,204,254
    Population Median Age363637
    Population by Age0-9 Yrs8141 (14%)63625 (10%)132396 (10%)
    10-19 Yrs4425 (7%)45497 (7%)111001 (9%)
    20-29 Yrs8840 (15%)130059 (21%)240384 (19%)
    30-39 Yrs13754 (23%)130595 (21%)241544 (20%)
    40-49 Yrs8820 (15%)77636 (13%)154675 (12%)
    50-59 Yrs5887 (10%)60953 (10%)129553 (10%)
    60-69 Yrs4175 (7%)45673 (7%)103741 (8%)
    70+ Yrs3425 (5%)40129 (6%)90960 (7%)
    Median HH Income$100,081$76,693$72,693
    Total Household Income< 24K2361 (9%)41412 (15%)90477 (17%)
    25-49K3452 (14%)46094 (17%)91109 (17%)
    50-74K3271 (13%)40834 (15%)79427 (15%)
    75-99K3114 (12%)31936 (12%)61038 (12%)
    100-199K7126 (29%)65465 (25%)122385 (24%)
    200K+5087 (20%)35266 (13%)64146 (12%)
    Highest Education LevelNo Diploma237142706101216
    Diploma or GED397362053141100
    Some College452652313117052
    Assoc. Degree14972081342705
    Bachelors Degree17455156609280502
    Higher Degree12424104089188621
    Total Housing Units26,698286,805563,388
    --Owner-Occupied12,026105,133219,343
    --Renter-Occupied12,386155,873289,238
    Owner-Occupied Values< 100K14237649744
    100-199K5931307831129
    200-299K14762037849199
    300-399K19421933242251
    400-499K14041386627320
    500K+64693471559700
    Total Working Age Population46,104502,2991,008,089
    In Work Force37,230381,276730,975
    Not In Work Force8,874121,022277,114
    Workforce Employed36,136366,440697,458
    Workforce Unemployed1,09414,66933,280
    Civlian Workforce37,230381,109730,738
    Military Workforce0167237
    Total Households24,412261,006508,582
    Family Households12,314116,719240,807
    Non-Family Households12,098144,287267,774
    Married Couple10,32688,700175,591
    Other Family1,98828,01965,216
    Married w/Child5,54437,97772,924
    Single Male w/Child2343,2387,610
    Single Female w/Child7628,93321,343

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Illinois12,419,293+312,830,632+1214,316,487+615,138,849
    Cook County5,376,741-35,194,675+105,707,832+55,990,243

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2245 West Irving Park Road in Chicago?
    The asking price for 2245 West Irving Park Road is $300,000
    What is the building size of this Multifamily property in Chicago, IL?
    The size of the building/unit at 2245 West Irving Park Road in Chicago is 1,100 square feet
    How much land does the Chicago, IL property at 2245 West Irving Park Road include?
    2245 West Irving Park Road in Chicago includes 0.074 acres of land
    What is the population within 1 mile of 2245 West Irving Park Road in Chicago?
    The population within 1 mile of 2245 West Irving Park Road Chicago, IL 60618 is 57,467 people.
    Who do I contact for questions about 2245 West Irving Park Road?
    You should contact the listing agent, Tony Schillaci, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Chicago O'Hare International Airport (ORD) 11
    Chicago Midway International Airport (MDW) 12
    General Mitchell International Airport (MKE) 69
    Price
    $300,000
    Listing Agent
    Tony Schillaci - CRE Agent at

    Tony Schillaci

    Jameson CRE

    CONTACT AGENT

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