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1919-1965 W PERSHING RD Chicago IL 60609

[Locked]

Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 1,305,769
Year Built 1917
Days on Market ******
Latitude 41.8232
Longitude -87.6745

Property History

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Property Type
Property Type
Multifamily
Property Subtype
Apartment Building
Marketing Description
Imperial Realty is pleased to present for sale a multi-family redevelopment opportunity in the McKinley Park neighborhood of Chicago, which was ranked the "hottest affordable neighborhood" in the country by Redfin in 2019. The Property is currently a well-maintained 558,000 square foot warehouse property consisting of three(3) connected buildings, located in a TIF District & Enterprise Zone on 7.6 acres of land at 1965 W Pershing Rd.​ Constructed in 1918, the Property is 40% occupied by approximately 200 small tenants, with six(6) six-story buildings connected by tunnels for trucking and track space.​

Situated within a short distance from multiple major interstates and railroads, the fully sprinklered Property benefits significantly from it's convenient location in McKinley Park.​ The logistic-convenient and commuter-friendly Property is adjacent to the 70 acre McKinley Park Community Area (2210 W Pershing Road), featuring swimming pools, turf soccer fields, baseball fields, basketball courts, seasonal ice skating, playground areas, a gymnastics center, and the National Latino Education Institute.​ Immediately west on the adjacent property line is a major 500,000 sqft mixed-use redevelopment currently underway that's converting the existing 500,000 sqft warehouse building into light manufacturing, warehouse and office, bringing a larger workforce daytime population, and thus higher demand and aggregated spending power to the immediate area.​

With over 558,000 SF (w/ the ability to assemble more SF) sitting on 7.60 acres of TIF-district-land in a rapidly growing neighborhood with high residential demand, this investment represents an exceptional opportunity to acquire an extremely well-located existing industrial-warehouse property with tremendous value-add and multi-family redevelopment potential.​

Investment Highlights
  • TIF District – 35th/Halsted – Pershing Road Subarea
  • Listed Zone 2 in Chicago’s Enterprise Zone Program
  • Ranked "hottest affordable neighborhood" in the country in 2019 by Redfin.​
  • McKinley Park 70-acre name-sake public park across the street
  • 0.5 miles to Orange Line at 35th/Archer
  • CTA Bus #39 stops in front of Building
  • Zoned M1-1
  • Under 20 minutes to Midway International Airport and Chicago Loop
  • Less than two miles to ​I-55 via Damen or I-90/94 via Pershing
  • 250-350 LB PSF Floor Loads
  • Fully Sprinklered
  • 17' X 17.5' column spacing
  • 3 Buildings with 30,685 SF Floor Plates
  • Building Connected by Tunnels and Bridges
  • 2-3 Heavy Load Elevators Per Building
  • One-of-a-kind uniquely identifying clock-tower

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Zoning

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C1-2 CommercialNeighborhood CommercialNeighborhood Commercial District
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Last updated Apr 28, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
DN
Drew Neems PRO
•••.•••.4091
••eems@•••••••••.com
Brokerage logo
Listing removed on
 BY:
TM
Theron May PRO
•••.•••.6461
tmay@••••••••••••••••.com
Brokerage logo

Map

Comparable Properties

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Rental Market Overview

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Chicago, IL median rent ********
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National median ********
Compare median rents across markets
Chicago, IL (this market)
Studio ******** 1 bed ******** 2 bed ********
Studio ******** 1 bed ******** 2 bed ********
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