Chicago Retail Property On Irving Park Rd Sells For $2.1M With Broker Steven Rapoport

Chicago Real Estate Resources (CRER) broker, Steven Rapoport, represented the longtime owner in the sale of a retail property located at 2035 Irving Park Rd in North Center, Chicago. The property, which spans 12,500 square feet, includes a 5,600 square foot retail strip center. The sale price for this asset was $2,100,000, resulting in a price per square foot of $168.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $2,100,000
• Square Footage: 12,500
• Address: 2035 Irving Park Rd
• Market: North Center, Chicago

Steven Rapoport was able to attract multiple offers from both owner-users and developers within a short period of time. The area of North Center is experiencing increasing interest from investors, homeowners, and businesses, with several ongoing developments. It is worth noting that Steven represented the buyer of a property across the street in a separate transaction, which involved a 7,800 square foot site and plans for a 20-unit building.