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655 W Irving Park Road,  Chicago IL, 60613

Sold Price:
Status: Sold
MLS#: 09396218
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Last Updated: 1/20/2018 8:59 AM
Description for 655 W Irving Park Road Chicago, IL 60613
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.
Sold Price:
Sold Date:05/31/2017
Listing Information
Property Type: Retail, Other
Room Information
Interior Features
Central Air
Exterior / Lot Features
Driving Directions
North on Lakeshore. East on Irving Park Road.
Financial Considerations
Listing Price History

Chicago Real Estate

Chicago is located in Illinois. Chicago, Illinois 60613 has a population of 2,720,546.

The median household income in Chicago, Illinois 60613 is $47,831. The median household income for the surrounding county is $54,828 compared to the national median of $53,482. The median age of people living in Chicago 60613 is 33.4 years.

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Courtesy: Eileen Ffrench - Sperry Van Ness
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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. Information Deemed Reliable but Not Guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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