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.
1920Year Built
5,637 sq ftLot Size
$143Price/Sq.Ft.
Listed by John Preston• Horvath & Tremblay IL, LLC
Portage Park, located between Irving Park Road and Belmont Avenue, is a residential and commercial Chicago neighborhood with a grand namesake park and a classic bungalow streetscape. The neighborhood’s character concentrates at Irving Park Road and Central Avenue, where taquerias, old-school bakeries, and corner taverns sit beside everyday storefronts. Brick Chicago bungalows and two-flats line calm blocks, while wider arterials carry steady city motion. Portage Park’s fieldhouse, pool, and broad lawns set the outdoor rhythm in warm months. Community pillars include the Patio Theater’s marquee, Community Tavern’s dining room, and the Six Corners Shops corridor’s long-running retail strip.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Central heat with individual controls and radiators
Central air and window units for cooling
Heating & cooling
Central heat with individual controls and radiators
Central air
Window unit(s)
Exterior features
50 x 110 lot dimensions
Zoned Other
Property located on the north side of Irving Park Rd, west of Lockwood Ave (just east of Portage Park and west of Cicero Ave)
Home design
Mixed-use property
Flat roof
Construction
Brick construction
Built before 1978
Utilities
Electric on separate meters
Financial info
Nine-unit building
For sale only
Gross income of $134,064
Total monthly income of $11,797
Gross rent multiplier of 10
Annual tax amount reported
Reported expenses include water/sewer, electric, trash, and insurance
Electricity and solar
View estimated energy costs and solar savings for this home
This is a new listing, so no sales records exist yet. As the MLS and public records start to fill up, we'll list the details here.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Lot size
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Year renovated
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Finished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Other
County
Cook County
APN
13163240200000
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Last updated by owner on Sep 10, 2026.
B3-1
Community Shopping District
The primary purpose of the B3, Community Shopping district is to accommodate a very broad range of retail and service uses, often in the physical form of shopping centers or larger buildings than found in the B1 and B2 districts. In addition to accommodating development with a different physical form than found in B1 and B2 districts, the B3 district is also intended to accommodate some types of uses that are not allowed in B1 and B2 districts. Development in B3 districts will generally be destination-oriented, with a large Percentage of customers arriving by automobile. Therefore, the supply of off-street parking will tend to be higher in B3 districts than in B1 and B2 districts. The B3 district permits residential dwelling units above the ground floor. The B3 district is intended to be applied to large sites that have primary access to major streets. It may also be used along streets to accommodate retail and service use types that are not allowed in B1 and B2 districts. The B3 district can be combined with the dash 1, dash 1.5, dash 2, dash 3 or dash 5 bulk and density designations (see Sec. 17-3-0401).
Permitted uses
Include but are not limited to:
Automotive repair garage
Day care facility
General retail
Restaurant
Housing-Senior
Mixed use
Office
Library
Post office
Veterinary clinic
Historical weather
Chicago, IL • 60641
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25
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
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Redfin Estimate for 5256 W Irving Park Rd
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