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About the Listing 87527 - 896543,896543
5254-58 W Irving Park Rd is well located, value-add mixed-use building in Portage Park. The property features (7) total apartments and (2) commercial spaces with full basements. The apartments feature (4) 1br/1ba apartments on the Lockwood side, and then on Irving Park above the commercial, there are (2) 1br/1ba & (1) 2br/1ba apartments. The apartments are heated by a boiler with window AC units. The unit interiors are well kept, but primarily vintage with some Chicago charm. This boasts an excellent opportunity for new ownership to capitalize on increased rents throughout the market through cosmetic improvements. The commercial spaces are occupied by Saravale Meat Market & a local attorney office. Saravale has been in this location for over 25 years. The property has a new tear off roof that was completed within the last two years. Lastly, 5254-58 W Irving Park Rd benefits from a reduced assessed value through the AHSAP, providing a lower assessed value. 2 units must remain affordable at 60% of AMI and filed as such yearly to continue to the program. This is an excellent opportunity on a corner lot in an appreciating market. Your clients will not be disappointed they purchased this asset.
Listing Highlights for 5256 W Irving Park Rd
Interior Details
- Appliances:
- Air Cond: Central Air,Window Unit(s)
- Heating: Central Heat/Indiv Controls,Radiators
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50x110
- Zoning: OTHER
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $9,640
- Taxes w/Assessments: N/A
- Tax/Property ID: 13163240200000
- Tax Year: 2025
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Monthly Payment
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Listing Location
Questions About..
5256 W Irving Park Rd Chicago, IL 60641
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