$ 550,000
5920 W Irving Park RD Chicago, IL 60634
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$ 550,000
Est. payment /mo
Price Dropped by $100K
5920 W Irving Park RD Chicago, IL 60634
7,300 SqFt
UPDATED:
10/22/2024 05:07 AM
Key Details
Property Type Commercial
Sub Type Instut/To Develop
Listing Status Active
Purchase Type For Sale
Square Footage 7,300 sqft
Price per Sqft $75
MLS Listing ID 12163805
Year Built 1930
Annual Tax Amount $36,893
Tax Year 2023
Lot Dimensions 8303
Property Description
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.
Location
State IL
County Cook
Area Chi - Portage Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
Utilities Available Electric to Site, Gas to Site, Water-Municipal
Building
Dwelling Type Instut/To Develop
Level or Stories 3
Structure Type Brick
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Listed by Simon Enwia • SENW