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sales rep | Brivity IDX

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7326 W Irving Park Rd , Norridge, IL 60706
$659,900
Est. Payment: $3,540.67/mo
5304 Sqft
0.14 Acres
Status: pending | Days on site: 7
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5014 - 53595,44181
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House Description

Attention investors! Are you looking for a "Value Add", Income producing mixed use property? Possibly a 1031 purchase candidate before year end? If so, you may very well have reached the end of your search. Below current market rate leases plus 4 month to month residential agreements equal opportunity! Add 2 street level 1300 square foot commercial spaces plus the leased-out garage space in the rear and you'll have 7 total spaces to generate an income stream you can enjoy for years to come. In addition, there's also a large, dry basement which serves as plus storage space for your tenants. Parking is convenient with 6 to 7 spaces along the east side of the building along with 3 more spaces in the rear. The current owners have had no issue in maintaining 100 percent occupancy as is currently the case. Longtime ownership has been diligent in caring for this property. Featuring a 6 year old membrane roof, boiler which was replaced in 2012, 2nd level windows replaced 7 to 8 years ago and 3 of the 4 apartments receiving moderate remodeling work between 2020 and 2024, you'll have peace of mind knowing these improvements are in the rearview mirror. The Village of Norridge is business friendly with the 60706 zip code boasting a $87,361 median household income. This property sits in a thriving business section of Irving Park Road. It also benefits from its close proximity to O'Hare. Looking at the numbers, a new owner can picture a very promising future. Contact your real estate professional or the listing agent for showing days and times. Don't miss out. Make your appointment today!

Highlights

Listed by Phil Grant , 773-814-5369 Baird & Warner , 815-459-1855. Midwest Real Estate Data mls logo

Property Type

Commercial Sale

Lot/Acreage
0.14

County

Cook

Area

Norridge

Listing ID

12716967

Questions about this listing?

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Interior Features

Air Cond:Central Air,Window Unit(s)
Fireplaces:

Exterior Features

Lot Dimensions:58 x 108
Zoning:COMMR
Roof:Membrane
Parking Features:6-12 Spaces
Principal Interest
$3,541
Taxes
$1,139

Home Price

$659,900

Loan Details

30 yrs
7.08%

Down Payment

20%
$131,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,540.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,540.67 $1,139.23 $0.00 $4,679.91
Yearly $42,488.09 $13,670.78 $0.00 $56,158.87
Total $1,274,642.83 $410,123.40 $0.00 $1,684,766.23
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Master Chief
Lender
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Market insight data is pulled from the same city as the listing being viewed (Norridge, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T00:56:05.000Z

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