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3119-3125 W. Irving Park Rd. offers a great opportunity for a prime development site. Located on the Northwest side of Chicago, this intersection of Irving Park Rd is extremely well-traveled. The immediate area has a great deal of retail and restaurants, including national brands such as Walgreens, Chase Bank, McDonald’s, Target and Dunkin’. In its current configuration the interior is set up as four separate units of approximately 1,400 SF per unit. It can be extensively renovated or you can develop an entirely new corner.

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Published by anyflip, 2022-10-07 16:55:15

3119-3125 W. Irving Park Rd | Chicago, IL

3119-3125 W. Irving Park Rd. offers a great opportunity for a prime development site. Located on the Northwest side of Chicago, this intersection of Irving Park Rd is extremely well-traveled. The immediate area has a great deal of retail and restaurants, including national brands such as Walgreens, Chase Bank, McDonald’s, Target and Dunkin’. In its current configuration the interior is set up as four separate units of approximately 1,400 SF per unit. It can be extensively renovated or you can develop an entirely new corner.

3119-3125 W. IRVING PARK RD.

CHICAGO, IL 60618

Vicki Vranas
Broker
847.727.3855
Michael Mazzei
Senior Vice President
Managing Broker
773.491.9893
George Michael
Broker
312.560.9400

BUILDING HIGHLIGHTS

Property Address: 3119-3125 W. Irving Park Rd. offers a great opportunity for a prime development site.
3119-3125 W. Irving Park Located on the Northwest side of Chicago, this intersection of Irving Park Rd is extremely
Rd. (4 contiguous units) well-traveled. The immediate area has a great deal of retail and restaurants, including
Chicago, IL 60618 national brands such as Walgreens, Chase Bank, McDonald’s, Target and Dunkin’. In its
current configuration the interior is set up as four separate units of approximately 1,400
Property Type: SF per unit. It can be extensively renovated or you can develop an entirely new corner.
Storefront Retail/Office/
Restaurant

Year Built: 1937

GLA: 5,270

Free Parking: 10 spaces

Zoning: B3-1

Lot Size: 85 x 125

PIN: 13-24-101-001

Taxes 2021: $16,252.45

Exterior: Brick

Walls: Drywall

Ceilings: Tin

Power: Individually
metered

Public Transportation:
CTA bus, Train (Brown
Line)

PROPERTY OVERVIEW

There are four separate units with separate
utilities and full basements that can be renovated
or redeveloped. In addition, there is a large
income generating billboard that is part of the
property and can add tremendously to its value.

Location Overview

This corner property is poised to anchor this
burgeoning neighborhood. The property not only
has high traffic volume, but is located only 7 miles
from downtown Chicago and minutes to Wrigley
Field. To make life easier, there is an abundance of
retail and restaurants that are located in the area
(as seen on page six). Important for travelers is
an effortless commute and that is accomplished
by this property’s proximity to the I-90/94 and
the public transportation options (bus stop, train-
Brown Line).

This is a great opportunity for an investor or
owner user to purchase a well-located property
in a densely populated vibrant commercial and
residential area.

DEMOGRAPHIC OVERVIEW

POPULATION HOUSEHOLDS

3,000,000 1,200, 000

2,5 00 ,00 0 2,422,996 1,000,000 958,540
10 miles 451,093
2,000,000 800,000

1,500, 000 600,000

1,000,000 1,118,139 400,000
5 miles
500,000 206,288 200,000 77,593
0 2 miles 0 2 miles

5 miles 10 miles

MEDIAN HOME VALUE MEDIAN YEAR BUILT

$410,000 $399,493 $348,722 $337,200 195 4 1946 1948 1953
$400,000 2 miles 5 miles 10 miles 195 2 2 miles 5 miles 10 miles
$39 0,0 00 195 0
$38 0,0 00 1948
$370, 000 1946
$36 0,0 00 1944
$35 0,0 00 1942
$340,000
$330,000
$32 0,0 00
$310,000
$300,000

AVERAGE HOUSEHOLD INCOME

$111, 000 $110,336 $104,148 $105,417
$110,000 2 miles 5 miles 10 miles
$109,000
$108,000 $75,659
$107,000 10 miles
$106,000 1,418,238
$105,000
$104,000 10 miles
$103,000
$102,000
$101,000

MEDIAN HOUSEHOLD INCOME

$8 4,00 0 $82,462 $74,966
$8 2,00 0 2 miles 5 miles
$8 0,0 00
$78,000
$76,000
$74,000
$72,000
$70, 000

DAYTIME EMPLOYMENT

1,600, 000 64,074 331,051
1,400,000 2 miles 5 miles
1,200, 000
1,000,000

800,000
600,000
400,000
200,000

0

RETAIL & ENTERTAINMENT

NEARBY AMENITIES Starbucks
2939 W Addison St, Chicago, IL
RETAIL / ENTERTAINMENT 0.62 miles

Target Olive Garden
2939 W Addison St, Chicago, IL 3555 W Addison St, Chicago, IL
0.58 miles 0.75 miles

7-Eleven Dunkin’
3559 N Pulaski Rd, Chicago, IL 3214 N Kimball Ave, Chicago, IL
1.6 miles 1 mile

Chase Bank Panda Express
3225 W Addison St, Chicago, IL 2949 W Addison St, Chicago, IL
0.9 miles 0.9 miles

U.S. Bank Branch Burger King
3515 W Irving Park Rd, Chicago, IL 2834 W Irving Park Rd, Chicago, IL
0.5 miles 0.5 miles

Walgreens Taco Bell
3153 W Irving Park Rd, Chicago, IL 2807 W Irving Park Rd, Chicago, IL
0.05 miles 0.7 miles

Independence Park Little Caesars Pizza
3945 N Springfield Ave, Chicago, IL 3135 W Addison St, Chicago, IL
1 mile 0.8 miles

McFetridge Ice Rink (Indoor) Jet’s Pizza
3843 N California Ave, Chicago, IL 3951 N Kimball Ave, Chicago, IL
0.8 miles 0.4 miles

The Home Depot White Castle
3500 N Kimball Ave, Chicago, IL 3212 W Addison St, Chicago, IL
1 mile 0.7 miles

RESTAURANTS Portillo’s Hot Dogs
3343 W Addison St, Chicago, IL
McDonald’s 0.8 miles
3615 W Irving Park Rd, Chicago, IL
0.6 miles

Starbucks@Target
2939 W Addison St, Chicago, IL
0.59 miles

3119-3125 W. IRVING PARK RD.

CHICAGO, IL 60618

Please contact listing brokers
to schedule a property tour.

Contact Information:

Vicki Vranas
Broker
847.727.3855

Michael Mazzei
Senior Vice President
Managing Broker
773.491.9893

George Michael
Broker
312.560.9400

©2022 BHH Affiliates, LLC. An independently owned and operated
franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and
the Berkshire Hathaway HomeServices symbol are registered service
marks of Columbia Insurance Company, a Berkshire Hathaway affiliate.
Equal Housing Opportunity. All information furnished regarding property
for sale is deemed reliable. No representation is made as to the accuracy,
therefore and is submitted subject to errors, change of price, room
dimensions or other conditions, prior sale, or withdrawal without notice.


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