1625 W Irving Park Road
Chicago, IL, 60613
$2,900,000
Beds
0 Baths
12,995 SqFt
0 Acres
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$2,900,000
1625 W Irving Park Road
Chicago, IL, 60613
MLS #MRD12356730 img 0MLS #MRD12356730 img 1MLS #MRD12356730 img 2MLS #MRD12356730 img 3MLS #MRD12356730 img 4MLS #MRD12356730 img 5MLS #MRD12356730 img 6MLS #MRD12356730 img 7MLS #MRD12356730 img 8MLS #MRD12356730 img 9MLS #MRD12356730 img 10MLS #MRD12356730 img 11MLS #MRD12356730 img 12MLS #MRD12356730 img 13
Pleased to present an exceptional value-add investment opportunity at 1625 W Irving Park Rd, Chicago – a premium mixed-use property located in the heart of Lakeview, one of Chicago’s most vibrant and desirable neighborhoods. The property spans a 10,640 SF lot and is improved with a 12,995 SF, partially four-story mixed-use building, along with a single-story restaurant. A large surface parking area comprising approximately 3,900 SF offers multiple development and use options. Investment Highlights: Significant value-add potential, including: The by-right addition of up to six dwelling units Potential for free-standing residential development Opportunity to reposition and right-size the existing, fully equipped restaurant Property Details: The four-story mixed-use structure, built in 2014, features: Private dining and event space on the first and second floors Four (4) two-bedroom, one-bath residential units on the third and fourth floors An elevator and multiple access points, enabling flexibility to convert the second-floor event space into 2-3 additional dwelling units A full basement supporting restaurant operations The single-story restaurant space (approx. 2,700 SF) includes: A rooftop bar, full kitchen with two hoods A full bar and indoor seating for 103 Additional outdoor patio and sidewalk cafe seating Reconfiguring the restaurant to meet current market demand for smaller, more efficient spaces presents an opportunity to reduce operating costs (labor, utilities, insurance) and command a higher per-SF rental rate. The rear surface parking area with prominent Marshfield frontage offers added flexibility, whether through development of a free-standing rental or condo building, or creation of a dynamic outdoor beer garden. This versatility only enhances the property’s value-add upside.

Property Details

Price:
$2,900,000
MLS #:
MRD12356730
Status:
Active
Beds:
0
Baths:
0
Address:
1625 W Irving Park Road
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
CHI – Lake View
City:
Chicago
Listed Date:
May 5, 2025
State:
IL
Finished Sq Ft:
12,995
Total Sq Ft:
12,995
ZIP:
60613
Year Built:
2015

Schools

Interior

Cooling
Central Individual

Exterior

Financial

Tax Year
2023
Taxes
$51,367
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1625 W Irving Park Road
Chicago, IL