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2042 Irving Park Road

Base 3 Development Acquires 7,800-SF Development Site In North Center, Chicago For $985,000

2042 Irving Park Road

Development Site
7,800 SF
clock iconSold 1 year ago
Morgan Sage
Steven Rapoport
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Development Site
7,800 sqft

A 7,800-square-foot development site located at 2042 Irving Park Rd in the North Center neighborhood of Chicago has been sold for $985,000. The buyer, Base 3 Development, was represented by Steven Rapoport from Chicago Real Estate Resources, Inc. (CRER). The seller was represented by Morgan Sage from Berkshire Hathaway Home Services Chicago. The property is situated in a desirable location in North Center, Chicago.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $985,000
  • Square Footage: 7,800
  • Price per Square Foot: $126
  • Date: 07/29/2022
  • Address: 2042 Irving Park Rd
  • Market: North Center, Chicago

Steven Rapoport from CRER represented the buyer, Base 3 Development, in the acquisition of the development site. In addition to the purchase, the buyer was able to successfully up-zone the property, allowing for the development of a 20-unit building. The building will consist of a mix of large studio, 1-bed, 2-bed, and 3-bed apartment units, along with 10 indoor parking spaces. This transaction showcases the buyer's ability to add value to the property by maximizing its development potential.


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Morgan Sage's profile picture
Morgan Sage
Berkshire Hathaway HomeServices-image
Real Estate Broker
$985K Sold
Steven Rapoport's profile picture


Deal Summary
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IMAGE: Morgan Sage & Steven Rapoport DATE: 07/29/2022 ADDRESS: 2042 Irving Park Rd MARKET: North Center, Chicago ASSET TYPE: Development Site BUYER'S REP: Steven Rapoport - Chicago Real Estate Resources, Inc. (CRER) (@CRERChicago) SELLER'S REP: Morgan Sage (@MorganKSage) - Berkshire Hathaway Home Services Chicago (@BHHS_Chicago) SALE PRICE: $985,000 SF: 7,800 ~ PPSF: $126 NOTE FROM BROKERS: Steven Rapoport with CRER (Chicago Real Estate Resources, Inc.) represented the buyer, Base 3 Development in the acquisition of a 7,800-sf development site at 2042-2046 W Irving Park Rd in the desirable North Center neighborhood of Chicago. Morgan Sage acted as the listing broker representing the seller. The buyer added value to the transaction by successfully up-zoning the property to allow for development of a 20-unit building comprised of a mix of large studio, 1-bed, 2-bed and 3-bed apartment units with 10 indoor parking spaces.

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Address2042 Irving Park Road


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