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655 W Irving Park Rd - Park Place Tower 1,500 - 5,500 SF Condo Units Offered at $450,000 - $1,500,000 Per Unit in Chicago, IL 60613



Investment Highlights
- Area boasts a diverse array of dining, shopping, and entertainment options
- Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike
- Easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor
- Ideal choice for office building investors seeking a dynamic and desirable location.
Executive Summary
Jameson Commercial is pleased to offer this unique Owner/User and Investment Opportunity for purchase at Park Place Tower in Chicago. This 901-unit condo building is ideally situated in the heart of Chicago. This area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location. Available at 655 Irving Park: 1,500 SF Retail Condo available for $475,000 82 Laundry Machines generating $360,000/annually available for sale for $4,500,000 150 Private Storage Lockers generating $132,000/annually available for sale for $1,500,000 56th Floor Commercial Office & Storage Space for sale for $450,000 56th Floor Penthouse A - 3,500 SF unfinished - available for sale $1,500,000 56th Floor Penthouse B - 1,500 SF - available for sale $1,000,000
Data Room Click Here to Access
6 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
| Sale Type | Investment | Cap Rate | 8.89% |
| Sale Type | Investment |
| Cap Rate | 8.89% |
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
| Sale Type | Investment |
| Sale Type | Investment |
| Sale Type | Investment |
| Sale Type | Investment |
| Sale Type | Investment |
| Sale Type | Investment |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Cafe | 1,500 SF | Retail | $475,000 ($316.67/SF) | - |
| Unit Laundry | 2,500 SF | Retail | Upon Request | - |
| Unit 150Lockers | 5,500 SF | Flex | Upon Request | - |
| Unit Office | 5,000 SF | Office | $450,000 ($90.00/SF) | - |
| Unit PH A | 1,500 SF | Office | $1,500,000 ($1,000.00/SF) | - |
| Unit PH B | 1,500 SF | Office | $1,000,000 ($666.67/SF) | - |
Unit Cafe
| Unit Size |
| 1,500 SF |
| Condo Use |
| Retail |
| Price |
| $475,000 ($316.67/SF) |
| NOI |
| - |
Unit Laundry
| Unit Size |
| 2,500 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
Unit 150Lockers
| Unit Size |
| 5,500 SF |
| Condo Use |
| Flex |
| Price |
| Upon Request |
| NOI |
| - |
Unit Office
| Unit Size |
| 5,000 SF |
| Condo Use |
| Office |
| Price |
| $450,000 ($90.00/SF) |
| NOI |
| - |
Unit PH A
| Unit Size |
| 1,500 SF |
| Condo Use |
| Office |
| Price |
| $1,500,000 ($1,000.00/SF) |
| NOI |
| - |
Unit PH B
| Unit Size |
| 1,500 SF |
| Condo Use |
| Office |
| Price |
| $1,000,000 ($666.67/SF) |
| NOI |
| - |
Unit Cafe
| Unit Size | 1,500 SF |
| Condo Use | Retail |
| Price | $475,000 ($316.67/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Discover the vibrant neighborhood surrounding the property at 655 W Irving Park Rd, Chicago, IL, 60613. Situated in the heart of Chicago, this area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location.</li></ul> | |
| Sale Notes | |
| Jameson Commercial is pleased to offer this unique Owner/User and Investment Opportunity for purchase at Park Place Tower in Chicago. This 901-unit condo building is ideally situated in the heart of Chicago. This area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location. Available at 655 Irving Park: 1,500 SF Retail Condo available for $475,000 82 Laundry Machines generating $360,000/annually Subject to Offer 150 Private Storage Lockers generating $132,000/annually available for sale for $1,500,000 56th Floor Commercial Office & Storage Space for sale for $450,000 56th Floor Penthouse A - 3,500 SF unfinished - available for sale $1,500,000 56th Floor Penthouse B - 1,500 SF - available for sale $1,000,000</li></ul> |
Unit Laundry
| Unit Size | 2,500 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Cap Rate | 8.89% |
| Description | |
| Discover the vibrant neighborhood surrounding the property at 655 W Irving Park Rd, Chicago, IL, 60613. Situated in the heart of Chicago, this area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location.</li></ul> | |
| Sale Notes | |
| Jameson Commercial is pleased to offer this unique Owner/User and Investment Opportunity for purchase at Park Place Tower in Chicago. This 901-unit condo building is ideally situated in the heart of Chicago. This area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location. Available at 655 Irving Park: 1,500 SF Retail Condo available for $475,000 82 Laundry Machines generating $360,000/annually Subject to Offer 150 Private Storage Lockers generating $132,000/annually available for sale for $1,500,000 56th Floor Commercial Office & Storage Space for sale for $450,000 56th Floor Penthouse A - 3,500 SF unfinished - available for sale $1,500,000 56th Floor Penthouse B - 1,500 SF - available for sale $1,000,000</li></ul> |
Unit 150Lockers
| Unit Size | 5,500 SF |
| Condo Use | Flex |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
| Discover the vibrant neighborhood surrounding the property at 655 W Irving Park Rd, Chicago, IL, 60613. Situated in the heart of Chicago, this area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location.</li></ul> | |
| Sale Notes | |
| Jameson Commercial is pleased to offer this unique Owner/User and Investment Opportunity for purchase at Park Place Tower in Chicago. This 901-unit condo building is ideally situated in the heart of Chicago. This area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location. Available at 655 Irving Park: 1,500 SF Retail Condo available for $475,000 82 Laundry Machines generating $360,000/annually Subject to Offer 150 Private Storage Lockers generating $132,000/annually available for sale for $1,500,000 56th Floor Commercial Office & Storage Space for sale for $450,000 56th Floor Penthouse A - 3,500 SF unfinished - available for sale $1,500,000 56th Floor Penthouse B - 1,500 SF - available for sale $1,000,000</li></ul> |
Unit Office
| Unit Size | 5,000 SF |
| Condo Use | Office |
| Price | $450,000 ($90.00/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Discover the vibrant neighborhood surrounding the property at 655 W Irving Park Rd, Chicago, IL, 60613. Situated in the heart of Chicago, this area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location.</li></ul> | |
| Sale Notes | |
| Jameson Commercial is pleased to offer this unique Owner/User and Investment Opportunity for purchase at Park Place Tower in Chicago. This 901-unit condo building is ideally situated in the heart of Chicago. This area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location. Available at 655 Irving Park: 1,500 SF Retail Condo available for $475,000 82 Laundry Machines generating $360,000/annually Subject to Offer 150 Private Storage Lockers generating $132,000/annually available for sale for $1,500,000 56th Floor Commercial Office & Storage Space for sale for $450,000 56th Floor Penthouse A - 3,500 SF unfinished - available for sale $1,500,000 56th Floor Penthouse B - 1,500 SF - available for sale $1,000,000</li></ul> |
Unit PH A
| Unit Size | 1,500 SF |
| Condo Use | Office |
| Price | $1,500,000 ($1,000.00/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Discover the vibrant neighborhood surrounding the property at 655 W Irving Park Rd, Chicago, IL, 60613. Situated in the heart of Chicago, this area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location.</li></ul> | |
| Sale Notes | |
| Jameson Commercial is pleased to offer this unique Owner/User and Investment Opportunity for purchase at Park Place Tower in Chicago. This 901-unit condo building is ideally situated in the heart of Chicago. This area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location. Available at 655 Irving Park: 1,500 SF Retail Condo available for $475,000 82 Laundry Machines generating $360,000/annually Subject to Offer 150 Private Storage Lockers generating $132,000/annually available for sale for $1,500,000 56th Floor Commercial Office & Storage Space for sale for $450,000 56th Floor Penthouse A - 3,500 SF unfinished - available for sale $1,500,000 56th Floor Penthouse B - 1,500 SF - available for sale $1,000,000</li></ul> |
Unit PH B
| Unit Size | 1,500 SF |
| Condo Use | Office |
| Price | $1,000,000 ($666.67/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| Discover the vibrant neighborhood surrounding the property at 655 W Irving Park Rd, Chicago, IL, 60613. Situated in the heart of Chicago, this area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location.</li></ul> | |
| Sale Notes | |
| Jameson Commercial is pleased to offer this unique Owner/User and Investment Opportunity for purchase at Park Place Tower in Chicago. This 901-unit condo building is ideally situated in the heart of Chicago. This area boasts a diverse array of dining, shopping, and entertainment options for both tenants and visitors. With easy access to Lake Michigan, the renowned Wrigley Field, and the bustling Southport Corridor, the location provides an unparalleled blend of work and play. Surrounding parks, historic landmarks, and a lively social scene make this area an attractive destination for professionals and visitors alike, making it an ideal choice for office building investors seeking a dynamic and desirable location. Available at 655 Irving Park: 1,500 SF Retail Condo available for $475,000 82 Laundry Machines generating $360,000/annually Subject to Offer 150 Private Storage Lockers generating $132,000/annually available for sale for $1,500,000 56th Floor Commercial Office & Storage Space for sale for $450,000 56th Floor Penthouse A - 3,500 SF unfinished - available for sale $1,500,000 56th Floor Penthouse B - 1,500 SF - available for sale $1,000,000</li></ul> |
Property Facts
| Total Building Size | 1,017,968 SF | Typical Floor Size | 18,178 SF |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | Lot Size | 0.18 AC |
| Building Class | B | Parking Ratio | 0.07/1,000 SF |
| Floors | 56 | ||
| Zoning | RM-6.5 | ||
| Total Building Size | 1,017,968 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 56 |
| Typical Floor Size | 18,178 SF |
| Year Built | 1974 |
| Lot Size | 0.18 AC |
| Parking Ratio | 0.07/1,000 SF |
| Zoning | RM-6.5 |
Amenities
Site Amenities
- Business Center
- Controlled Access
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Security System
- Disposal Chutes
- Doorman
- Wi-Fi
- Storage Space
- Bicycle Storage
- Dock
- Community-Wide WiFi
- Conference Rooms
- Elevator
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 901 | - | - |
Presented by
655 W Irving Park Rd - Park Place Tower
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