Steven Rapoport with CRER (Chicago Real Estate Resources Inc.) represented the longtime owner of 2035-2043 W Irving Park Road in the sale of a 12,500 Sq. Ft. site that is currently improved with a 5,600 Sq. Ft. retail strip center. After a short time on the market, Steven was able to produce multiple offers from both, owner-users and developers.
North Center is receiving an influx of interest from investors, homeowners, and businesses with multiple developments currently underway. Just last month Steven represented the buyer of the property across the street at 2042-2046 W Irving Park Road, a 7,800-sf development site with plans for a 20-unit building.
A large development is also planned for a bank building at 3959 N. Lincoln Ave and the surface parking lot and drive-through at 3950 N. Damen Ave. In total this project will add 301 residential units and approximately 10,000 square feet of retail space to the neighborhood.
At 2250 W. Irving Park Road plans for a 39-unit development are currently underway.
An additional 68 units are planned at 3914-30 N. Lincoln Ave. and 3909-17 N. Damen Ave. This 5-story, 61-foot tall building will contain 7,000 square feet of retail space and 68 apartments.
A 12 unit condo project with ground floor retail is underway at 2024 W. Irving Park.
Contact Steven if you need help buying or selling a multifamily/investment property in Chicago or the surrounding suburbs. If you are interested in better understanding what your property could sell for, Steven will be happy to provide you with a free valuation report including financial analysis and comparable sales. Stevenr@crer.com | cell: 847-863-2707