Highlights
• Converting the 1stfloor to a 150-seat theater with a lobby and bar • Reinforcing the sub floor • Soundproofing walls
Description
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.
Listing Details
- Cap Rate
7.26%
- Tenancy
Multi
- Space Type
retail
- Sub Category
strip-centers
- Sale Type
Investment Sale
- Date Listed
5/8/2025
- Investment Type
Owner User
- Net Operating Income
$79,824
- Parking Info
2 Spaces (0.28 Spaces per 1,000 SF Leased)
Property Specifics
- Property Name
Performing Arts Venue and 2 Apartments
- Property Class
C
- No of Buildings
1
- No of Stories
2
- Year Built
1913
- Building Size
7,267 SF
- Lot Size
0.13 AC
- Year Renovated
2015
- APN
13-13-327-027-0000
- Zoning
50
- Occupancy
100%
Property Amenities
Location Amenities
Airport
Commuter Rail
Location Amenities
Metro/Subway