Chicago, IL 60613,1625 W Irving Park Road
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Chicago, IL 60613,1625 W Irving Park Road
Chicago, IL 60613,1625 W Irving Park Road
Chicago, IL 60613,1625 W Irving Park Road
Chicago, IL 60613,1625 W Irving Park Road
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Mayra Pezzella

Mayra Pezzella

+1(224) 508-1554
Listed by Timothy Rasmussenof Sperry Van Ness
$ 2,900,000
Est. payment /mo
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Active

1625 W Irving Park Road Chicago, IL 60613

12,995 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 12,995 sqft

Price per Sqft $223

MLS Listing ID 12356730

Year Built 2015

Annual Tax Amount $51,367

Tax Year 2023

Lot Dimensions 85X125

Property Sub-Type Mixed Use

Property Description

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.

Location

State IL

County Cook

Zoning MULTI

Interior

Cooling Central Individual

Fireplace N

Exterior

View Y/N true

Midwest Real Estate Data (MRED) VOW
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Hawthorne Elementary Scholastic Academy

    Public | KG - 8

  • 10

    Lincoln Elementary School

    Public | KG - 8

  • 9

    Edison Elementary Regional Gifted Center

    Public | KG - 8

  • 9

    Stone Elementary Scholastic Academy

    Public | KG - 8

  • 9

    Burley Elementary School

    Public | KG - 8

  • 9

    Prescott Elementary School

    Public | PK - 8

  • 9

    Disney Elementary Magnet School

    Public | PK - 8

  • 9

    Alcott Elementary School

    Public | KG - 8

  • 8

    Bell Elementary School

    Public | KG - 8

  • 8

    Coonley Elementary School

    Public | PK - 8

  • 8

    Burr Elementary School

    Public | PK - 8

  • 8

    Mayer Elementary School

    Public | PK - 8

  • 8

    Greeley Elementary School

    Public | PK - 8

  • 8

    Lasalle Elementary Language Academy

    Public | KG - 8

  • 7

    Von Linne Elementary School

    Public | KG - 8

  • 7

    Jamieson Elementary School

    Public | KG - 8

  • 7

    Budlong Elementary School

    Public | KG - 8

  • 7

    Pulaski International School of Chicago

    Public | KG - 8

  • 7

    Chappell Elementary School

    Public | PK - 8

  • 7

    Ravenswood Elementary School

    Public | PK - 8

Middle Schools 3
  • 10

    Lane Technical High School

    Public | 7 - 12

  • 4

    Albany Park Multicultural Academy

    Public | 7 - 8

  • 3

    Aspira Charter Schools

    Public | 6 - 12

High Schools 20
  • 10

    Northside College Preparatory High School

    Public | 9 - 12

  • 10

    Devry Advantage Academy High School

    Public | 11 - 12

  • 9

    Lincoln Park High School

    Public | 9 - 12

  • 7

    Von Steuben Metro Science High School

    Public | 9 - 12

  • 5

    Mather High School

    Public | 9 - 12

  • 5

    Amundsen High School

    Public | 9 - 12

  • 5

    Lake View High School

    Public | 9 - 12

  • 5

    Rickover Naval Academy High School

    Public | 9 - 12

  • 4

    Senn High School

    Public | 9 - 12

  • 4

    Uplift Community High School

    Public | 9 - 12

  • 3

    Alcott Humanities High School

    Public | 9 - 12

  • 1

    Roosevelt High School

    Public | 9 - 12

  • 0

    Bais Yaakov High School

    Private | 9 - 12

  • 0

    Lubavitch Girls High School

    Private | 9 - 12

  • 0

    Pathways in Education Avondale High School

    Public | 9 - 12

  • 0

    Hanna Sacks Bais Yaakov High School

    Private | 9 - 12

  • 0

    Bnos Rabbeinu High School

    Private | 10 - 12

  • 0

    Gordon Tech High School

    Private | 9 - 12

  • 0

    Josephinum Academy

    Private | 9 - 12

  • 0

    Thresholds High School

    Private | 9 - 12

School and business data provided by Attom Data.
Mayra Pezzella

Mayra Pezzella

Real Estate Professional | REALTOR® | License ID: 1010235

+1(224) 508-1554

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1625 W Irving Park Road