$1,350,000

5256 W Irving Park Road, Chicago IL, 60641

Price per sqft$142.53

Built in1920

Property size9,472 sqft

Property typeOther

Listed by John Preston with Horvath & Tremblay IL, LLC 312-548-6823

Overview

Under contract

Contingent

Listed Sep 10, 2026

Updated 7 days ago

5254-58 W Irving Park Rd is well located, value-add mixed-use building in Portage Park. The property features (7) total apartments and (2) commercial spaces with full basements. The apartments feature (4) 1br/1ba apartments on the Lockwood side, and then on Irving Park above the commercial, there are (2) 1br/1ba & (1) 2br/1ba apartments. The apartments are heated by a boiler with window AC units. The unit interiors are well kept, but primarily vintage with some Chicago charm. This boasts an excellent opportunity for new ownership to capitalize on increased rents throughout the market through cosmetic improvements. The commercial spaces are occupied by Saravale Meat Market & a local attorney office. Saravale has been in this location for over 25 years. The property has a new tear off roof that was completed within the last two years. Lastly, 5254-58 W Irving Park Rd benefits from a reduced assessed value through the AHSAP, providing a lower assessed value. 2 units must remain affordable at 60% of AMI and filed as such yearly to continue to the program. This is an excellent opportunity on a corner lot in an appreciating market. Your clients will not be disappointed they purchased this asset.

Additional information

MLS^® ID: 12754460

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.13 Acres

Other Property Details

Taxes: $9,640
Tax Frequency: Annually

Listed by John Preston with Horvath & Tremblay IL, LLC 312-548-6823

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Based on information submitted to the MLS GRID for MRED 11/5/2026. 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, 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. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

Data is refreshed every 3 hours. Listing last updated 6:45 AM UTC on 11/5/2026.

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