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Performing Arts Venue and 2 Apartments 3014 W Irving Park Rd 7,267 sq ft 100% Let Retail Property Chicago, IL 60618 £819,291 (£112.74/sq ft) 7.26% Net Initial Yield
INVESTMENT HIGHLIGHTS
- New Roof and Significant Tuckpointing in 2015
- Apartments include upgraded wood cabinets, granite countertops, vinyl flooring, and SS appliance package
- Significant Capital Improvements in 2016
EXECUTIVE SUMMARY
3014 W Irving Park Road boasts great frontage on Irving Park Road with a traffic count of over 41,000 cars per day. The property has two residential apartments and one retail space. The retail space is occupied by Windy City Playhouse, a fantastic tenant that provides a truly unique theater experience. The theater boasts a substantial build out with capital improvements of approximately $1,100,000. Including a lobby with a bar, stage, theater seating, dressing rooms, kitchen and an extensive amount of lighting. Residential units were gut rehabbed with newer finishes and updated mechanicals and plumbing.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Shopfront Retail / Residential
Property Size
7,267 sq ft
Costar Property Class
C
Year Built/Renovated
1913/2015
Price
£819,291
Price per sq ft
£112.74
Yield
7.26%
NOI
£59,454
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Loading Docks
1 Exterior
Plot ratio
1.28
Total Plot Size
0.13 ac
Use Class
50
Parking
2 Spaces (0.28 Spaces per 1,000 sq ft Leased)
Frontage
50 ft on Irving Park Rd
AMENITIES
- Tenant Controlled HVAC
Walk Score®
Excellent pedestrian access (91)
Bike Score®
Good for cycling (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-13-327-027-0000 | Improvements Assessment | £30,336 |
| Land Assessment | £27,014 | Total Assessment | £57,350 |
PROPERTY TAXES
Parcel Number
13-13-327-027-0000
Land Assessment
£27,014
Improvements Assessment
£30,336
Total Assessment
£57,350
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Performing Arts Venue and 2 Apartments | 3014 W Irving Park Rd
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