Property Description

Many possibilities exist for this 2727 square-feet brick single-story mixed-use building centrally located in the City's Town Center Business District. Walk to the Metra train station with easy access to expressways. Restaurants nearby with new luxury apartment complex soon to be completed. The property sits on a well-sized 50 x 203-foot lot that enjoys both Irving Park Road and alley access. The front portion of the building currently boasts an approximate 875 square feet office/retail space, while the rear features a jumbo 1700+ square feet 3-bedroom 1-bath apartment that includes a jumbo combo living/dining room; faux fireplace in the master bedroom; kitchen with dishwasher, oven-range, refrigerator, and disposal; and a screened in porch for your further enjoyment. The commercial space can be easily expanded by converting one or two of the bedrooms to additional office or retail space if desired. Attached to the living space is a 528 sq. ft. 2-car garage. Recent improvements to the building include tear off roof replacement to the shingle area and 2 coats of Gaco 100 per cent silicone roof coating over the screened in porch - both completed in September of 2024; a crawl space with a new sump-pump with battery backup, vapor barrier, and additional supports in March of 2025; tuckpointing in March of 2024; new asphalt driveway and parking spaces in June of 2025; two new sidewalk entries to the office/retail space along with river rock hardscape in the front and sides of the building in June of 2025. The office/retail space has a utility room with a 50-gallon water heater, pull down-stairs to a building length-wise attic with blown-in insulation, and a convenient utility sink. A credit for a new furnace and air-conditioning unit will be given at closing for the front office. A storage shed is located close to the garage in the back yard. The apartment is under a month-to-month tenancy. The building can be converted to an all-commercial use if desired. Please consult the TCB Land Use Table uploaded in this listing for current permitted uses. Also, redevelopment opportunities exist in the area. A topographical survey is uploaded in the Documents section of this listing. 48 hours' notice is requested to show the apartment. The front office/retail space is currently vacant but is currently listed for rent. All appointments to be made by calling the owner who is a managing broker and attorney. Don't miss this opportunity to see how this property can work for your client. Should the new owner desire to occupy the apartment and run her business out of the front of the building, FHA or SBA 504 financing should be available. Apartment and commercial space have separate water, electric, gas meters, furnaces and air-conditioning. Shared water heater.

Property Features