1346 W Irving Park Rd - Storefront Retail/Residential FOR SALE


Bensenville, IL 60106
$720,000 USD
312-237-0290
1346 W Irving Park Rd, Bensenville, IL for Sale
$720,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | Request Cap Rate

1346 W Irving Park Rd
Bensenville, IL 60106


HIGHLIGHTS

  • Mixed-use, two-story building featuring 4 fully rented residential apartments and 2 commercial units at 83% occupancy
  • All units are separately metered; tenants are responsible for gas and electricity
  • Well-maintained with hardwood flooring throughout the entire building and a 5-year roof
  • Ample parking available: 5 surface spaces at the front and 11 additional parking spaces in the rear
  • Just minutes from O’Hare Airport and downtown Chicago with easy access to I-290 and I-294
  • Suitable for owner-occupants, value-add investors, or redevelopment opportunities

OVERVIEW

iReal Estate Commercial is proud to present a prime investment opportunity with immediate value-add potential at 83% occupancy. Seize this exceptional opportunity to acquire a mixed-use, two-story building encompassing approximately 5,096 square feet on a spacious 6,970 square foot lot. The second floor features four fully rented residential apartments, each with 1 bedroom and 1 bathroom. Two units are currently secured with 6-month written leases. The first floor boasts two commercial units, one of which is occupied by Arcane Tattoo Studio. This tenant has just renewed a 3-year lease with annual rent escalations. The other commercial unit is available for lease and is perfectly suited for a hair/nail salon, medical office, or any other business. All units are separately metered, ensuring tenants are responsible for their own gas and electricity. The building showcases beautiful hardwood flooring throughout and has been meticulously maintained, including a recently updated roof (less than 5 years old). Ample parking is a major asset, providing 5 surface spaces at the front and 11 additional spaces in the rear. Perfectly positioned near the Metra Wood Dale train station and benefiting from low DuPage County real estate taxes, this property offers outstanding visibility and high traffic counts. It is surrounded by a vibrant array of retailers, restaurants, and shops, making it a desirable location for any business. It’s conveniently located just minutes from O’Hare Airport and downtown Chicago, with easy access to I-290 and I-294. Don't miss this remarkable opportunity, suitable for an owner-user, savvy value-add investors, or those looking for redevelopment potential. Act now to secure your stake in this promising investment!

FOR SALE DETAILS

PRICE

$720,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C-2 (Commercial District)

APN/PARCEL ID

03-15-223-004,03-15-223-029

ASK ABOUT THIS PROPERTY

Guzel LubinskiiReal Estate Commercial, Inc.More Info
312-237-0290

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Guzel LubinskiiReal Estate Commercial, Inc.More Info
312-237-0290

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.