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655 West Irving Park Road, Chicago, IL 60613

$4,128,000

  • Sold
  • Closed
  • Commercial
  • 19-30 Car Garage
655 West Irving Park Road, Chicago, IL 60613View this property at 655 West Irving Park Road, Chicago, IL 60613
655 West Irving Park RoadChicagoIL60613

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Property Description

Multi-tenant retail/office commercial property investment offering for sale in the luxury residential condo building Park Place Towers, located in the heart of Chicago's pre-eminent Lakeview neighborhood. This approx. 14,865 SF property is comprised of approx. 6,150 SF of ground floor retail space, and approx. 8,715 SF of second floor office space. Projected 2017 annual NOI is $275,058. The retail portion of the property is comprised of 5 long-term tenants with a mix of gross and triple net leases in place. The office condo is 8,437 SF with 6 tenants with a mix of gross and triple net leases. The tenant roster is comprised of service retail (grocery store, dry cleaner, fitness, etc) a variety of professional & medical office spaces and is
anchored by one of the largest residential developers and apt owners in the US. All leases include annual escalations. This investment is being offered at a CAP rate of approx. 6.1%. Parking is also available for purchase.

Full Property Detailsfor 655 West Irving Park Road

General

  • Sold For: $4,128,000
  • Taxes: $76,370 (2015)
  • Status: Closed
  • Type: Commercial
  • MLS ID: 09396218
  • Added: 507 day(s) ago

Property History

  • 655 West Irving Park Road, Chicago, IL
  • Sold at $4,128,000 on 5/31/17
  • Listed at $4,500,000 on 11/28/16

Parking

  • Garage Spaces: 19-30
  • Garage Description: 19-30 Spaces

Location

  • County: Cook
  • Driving Directions: North on Lakeshore. East on Irving Park Road.

Heating & Cooling

  • Cooling Type: Central Individual
  • Heating Type: Central Heat/Individual Controls

Structural Information

  • Current Bldg. Use: Commercial
  • Year Built: 1970

Lot Features

  • Zoning: COMMR

Financial Considerations

  • Tax Amount: $76,370.2
  • Tax Year: 2015

Listed by Sperry Van Ness
Sold by RE/MAX of Naperville

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Schools

Schoolsserving 655 West Irving Park Road

School District:Chicago Public Schools
School Name
Grades
Distance
Brennemann Elementary School
4251 N Clarendon Ave, Chicago, IL 60613
PK-8
0.4 mi
Nicholas Senn High School, Chicago, IL
5900 North Glenwood Ave, Chicago, IL 60660
9-12
2.6 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Community Info

Community Infofor 655 West Irving Park Road

Listed by Sperry Van Ness
Sold by RE/MAX of Naperville

655 West Irving Park Road, Chicago, IL 60613 (MLS# 09396218) is a Commercial property that was sold at $4,128,000 on May 31, 2017. Want to learn more about 655 West Irving Park Road? Do you have questions about finding other Commercial real estate for sale in LakeView? You can browse all LakeView real estate or contact a Coldwell Banker agent to request more information.