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REDUCED PRICE -North Center Property for Sale 1940 W Irving Park Rd

6,368 SF 7% Leased Retail Building Chicago, IL 60613 $790,000 ($124/SF)

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Investment Highlights

On Irving Park just east of Damen/Lincoln/Irving Park intersection
Eclectic facade that was originally a bank when it was constructed
Opportunity to renovate for retail and residential

800' west of the Irving Park CTA stop for potential TOD designation
Heavy traffic flow along Irving Park

Executive Summary

Fee-simple. Two-story masonry property was built in 1921 and is approximately 5,925 sf (excluding basement) on 2,963 sf land (25' x 118.51'). Zoning is B1-2. It is located 100' east of Lincoln/Damen/Irving Park intersection. and approx 800' west of the CTA Brown Line station at Irving Park Rd. and Ravenswood. The property could be renovated or razed and redeveloped with upzoning. 2022 prop taxes were $17,355.

1940 W Irving Park OM