Irving Park is truly an authentic Chicago neighborhood. The history of Chicago is displayed throughout these neighborhoods with beautiful architecture and style to each property. 

 

It is is known for its architecture. Some of the buildings in this neighborhood have been around since before the Chicago Fire in 1871 and run the gamut from bungalows to Victorian mansion. 

 

Irving Park is home to ample lofts, homes, and highrise condos. The neighborhood gets its name from the famous author, Washington Irving.

Irving Park Market At a Glance

Multi-family homes have increased by 1.08% compared to January of 2019. Irving Park properties have had a healthy advance for the past decade. The price for a multi-family home in Irving Park has increased 120% since 2012. 

 

Irving Park is home to over 55,000 Chicagoans. 46% of Irving Park’s population are families with kids under 18, with the average age of 35 years old. Irving Park is a great area to raise a family with many multi-family properties available

 

Irving Park has seen an increase in value year over year and that trend is expected to keep its momentum throughout 2020. Multi-family properties in Irving Park reached a new high in the waning months of 2019 of about $480,000 with a slight pull back to where the average sales price sits currently at $475,000. 

Irving Park Real Estate Prices

 

Median Property Value (2020):

$475,000

Median Cost Per Square Foot:

$226

Market Growth (Since 2019):

1.08%

Average Time to Close (2019):

<90 days 

How Long Do Properties Stay On the Market in Irving Park? 

Multi-family properties typically spend an average of three months on the market indicative of a fairly balanced market that offers opportunity to buyers and sellers alike, based on supply. 

District Dimensions 

Irving Park is 3.214 square miles in size. The neighborhood has the Chicago River as its eastern border, the Milwaukee Road railroad tracks as its western border, then Addison Street along the south and Montrose Avenue to the north. 

 

It is located right off the expressway so it is easy to get to the CTA blue line, which drops you at O’Hare or downtown easily. In Irving Park, you are only a short drive or bike ride to downtown which is 8 miles away.

Nearby Amenities and Attractions  

Scenery

If you walk along The Villa District you will find a range of residences that are part of the National Register of Historic Places. It is a landmark with over 120 bungalows that use Prairie style architecture. You can also visit the Irish American Heritage Center for a museum tour.

 

Irving Park is also known for its street art. In fact, when walking anywhere you are sure to notice the murals which have been painted by neighborhood volunteers on the streets, public planters, and viaducts. 

Food, Drink, & Entertainment 

There are ample breweries in the area, like ERIS which is a cider house and female-owned craft brewery. Try a visit to Lizard’s Liquid Lounge where you can enjoy music, stand up comedy, and drinks. Another option is Leader Bar Drafthouse & Eatery. Pitchfork Food & Saloon will take you back in time. 

 

In terms of great food, Arun’s Thai Restaurant has the best Thai food in the city. For fine dining, you can visit Raisu Japanese Fine Dining, where you will feel like you took a trip to Tokyo instead of Chicago. 

 

There is also the Windy City Playhouse which is an immersive playhouse where drama is always on.

 

Irving Park Multi-Family Real Estate For Sale

Types of Real Estate for Sale 

Similar to most Chicago Neighborhoods, Irving Park is home to two-flat and three-flat properties that are the staple of Chicago. These properties contain 2-3 units per building but there are also properties with 5+ units available in Irving Park. 

 

The community of Irving Park truly cares about the architecture and history that these buildings bring to the neighborhood. They have focused on sustaining their uniqueness without altering the properties character.  

Popular Choices for Buyers 

Buyers are benefitting from investing in two-flats or three-flats, especially larger multi-family properties in the high-rise buildings that dot the neighborhood. 

Popular Choices for Sellers 

Sellers are investing in apartments and condominiums with an average of 2-4 bedrooms and 1 bathroom. Single family homes are also fairing well, indicative of steady growth of new buyers looking for a family home. 

Work With Irving Park Real Estate Agents 

Are you looking to find some of the premier real estate opportunities in the Irving Park, Chicago area? Whether you’re looking for a Irving Park multi-family, home, condo, apartment, or more, Chicago Real Estate Source helps you compare prices across MLS easily. Find and compare the best opportunities to expand your real estate portfolio, or find your dream home. 

 

Or are you looking to sell your Irving Park property? Give our North Chicago Real Estate Agents a call today to assess the value of your property and get it on the market - or begin your search for your new home. With over 30 years of experience, our Irving Park Real Estate Agents have key insights into the local Chicago real estate market and can help you find what you’re looking for. 

 

Contact Jose Hernandez today to get more buyer and seller information on Irving Park, Chicago. 

Looking to get your search started immediately? Start by browsing our MLS for Search Irving Park Real Estate.