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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 60613 View this property at 655 West Irving Park Road, Chicago, IL 60613
655 West Irving Park Road Chicago IL 60613

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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 Details for 655 W Irving Park Road

  • Sold For: $4,128,000
  • Taxes: $76,370 (2015)
  • Status: Closed
  • Type: Commercial
  • MLS ID: 09396218
  • Added: 297 day(s) ago

Property History

  • 655 W 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 Non Member

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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.

Listed by Sperry Van Ness
Sold by Non Member

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