4828-38 W. Irving Park Rd.
Chicago, IL 60641
Sq. Ft.

Executive Summary

Sean Mason with CRER Represented the purchaser in this transaction, a local real estate attorney. Sean successfully negotiated a pre-auction deal, eliminating uncertainty for the buyer. The properties consist of 9 parcels containing a total of .75 acres with more than 300 feet of frontage on Irving Park Road.

Despite significant issues with the properties, including a pending eviction case, the buyer recognized the long-term strategic value in acquiring substantial Irving Park frontage steps from the bustling Six Corners intersection. With high vacancy and extensive deferred maintenance, the properties were in distress and scheduled for a Ten-X auction.

“Even though transactional volumes are at decade lows, the broader market, office excepted, has yet to experience any real distress. But as this deal demonstrates, there are more opportunities becoming available for long-term investors with capital ready to deploy. Sean’s longstanding relationship with the experienced buyer allowed us to move quickly and decisively on this opportunity.”

Property Location

Chicago » 60641 » 4828-38 W. Irving Park Rd.

Property Details

Status Closed
Listing Type For Sale
Property Type Retail
Size 12,894 Sq. Ft.
Price $1,200,000

Broker Contact

Sean Mason

Sean Mason

Mobile: (773) 412-7582

Office: (773) 327-9300

Email: SeanM@crer.com

vCard: Download

Featured CRER Services

Receivership Services

CRER has been involved in more than 1,700 receiver appointments, with collateral ranging from small residential multi-family buildings to downtown high-rise properties.

CRER has the expertise required to handle a variety of distressed situations including the management, leasing and repositioning of under-performing real estate.

Learn More