EXCELLENT INVESTMENT OPPORTUNITY IN CHICAGO’S DESIRABLE PORTAGE PARK NEIGHBORHOOD! This well-maintained 6-UNIT BRICK BUILDING offers an attractive 7.48% CAP RATE and a strong combination of current income, desirable unit mix, and significant capital improvements. Built in 1964 and offering approximately 5,786 SQ FT, the property has been cared for by a LONG-TIME OWNER. The building features FIVE 2-BEDROOM / 1-BATH UNITS and ONE 1-BEDROOM / 1-BATH UNIT, with EACH UNIT FEATURING A DEDICATED DINING AREA. The property also includes 5 OFF-STREET PARKING SPACES in the rear-an important convenience for tenants and added value for an investor. Major improvements include REPLACEMENT WINDOWS, roof approximately 6 YEARS OLD ON THE EAST SIDE and 13 YEARS OLD ON THE WEST SIDE, a 6-YEAR-OLD BOILER, and 2-YEAR-OLD WATER HEATER. Interior improvements include 3 RENOVATED BATHROOMS and 1 RENOVATED KITCHEN. Located directly on IRVING PARK ROAD, residents enjoy convenient access to PUBLIC TRANSPORTATION, shopping, restaurants, neighborhood amenities, and nearby PORTAGE PARK. An attractive opportunity for an investor seeking a STABILIZED 6-UNIT PROPERTY WITH A 7.48% CAP RATE, established rental income, off-street parking, and important building improvements already completed. RARE PORTAGE PARK MULTIFAMILY INVESTMENT OPPORTUNITY!
Property Details
Price:
$1,060,000
MLS #:
MRD12754909
Status:
Active Under Contract
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
chiportagepark
Listed Date:
Sep 15, 2026
Total Sq Ft:
5,786
Year Built:
1964
See this Listing
Schools
Interior
Exterior
Construction Materials
Brick
Stories
2
Financial
Tax Year
2025
Taxes
$12,560
Map
Community
- Address5848 W Irving Park Road Chicago IL
- CityChicago
- CountyCook
- Zip Code60634
Market Summary
Current real estate data for Commercial in Chicago as of Oct 05, 2026
886
Commercial Listed
186
Avg DOM
$1,021,509
Avg List Price
Property Summary
- 5848 W Irving Park Road Chicago IL is a Commercial for sale in Chicago, IL, 60634. It is listed for $1,060,000
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5848 W Irving Park Road
Chicago, IL


