Old Irving Park

By Ebonie Beaco – Mortgage Loan Originator, Home Loans Network (NMLS #2389954)

Old Irving Park is one of Chicago’s most architecturally stunning, historically significant, and residentially peaceful neighborhoods — a rare pocket of vintage mansions, oversized lots, Queen Anne homes, restored Victorian estates, prairie-style residences, and classic Chicago bungalows. Located in 60641, Old Irving Park offers a tree-lined escape just minutes from the expressway, Metra, CTA Blue Line, and major city hubs.

As a mortgage expert serving buyers, investors, and families across the Northwest Side, Old Irving Park stands out for its uniqueness — delivering space, history, transit access, and long-term stability all in one of Chicago's most beautiful residential districts.

A Neighborhood Defined by Architecture, History & Residential Tranquility

Old Irving Park began in the late 1800s as a retreat for Chicago’s wealthy families. Many of the original grand homes remain today, restored and cared for over generations. This gives the neighborhood a character unmatched by almost anywhere else in the city.

Residents love Old Irving Park for:

• Large historic homes with unmatched charm
• Oversized city lots — rare in Chicago
• Quiet, tree-lined residential streets
• Architectural variety: Victorian, Queen Anne, Tudor, Prairie, Craftsman
• Quick access to highways and transit
• Strong community identity & neighborhood pride

The area offers a suburban feel without leaving Chicago — making it ideal for families and long-term homeowners.

Who Lives in Old Irving Park

Old Irving Park attracts a stable and diverse demographic:

• Families upgrading to larger homes
• Professionals wanting space and easy commuting
• Long-time residents drawn to its historic charm
• Buyers who want more square footage without moving to the suburbs
• Renters in vintage flats and converted units
• Investors who appreciate the neighborhood’s stable, long-term demand

The community is known for its friendliness, organized neighborhood groups, block clubs, historic committees, and strong pride in preserving local character.

Real Estate Overview: What Buyers Will Find in Old Irving Park (60641)

Old Irving Park is defined by its spacious homes, large lots, and architectural preservation. It offers one of the widest ranges of home styles on the Northwest Side.

Single-Family Homes

This is where Old Irving Park shines.

Expect:

• Victorian mansions
• Queen Anne & turreted homes
• Chicago bungalows & two-stories
• Prairie-style & Craftsman residences
• Updated, expanded historic properties
• New construction homes on oversized lots

Pricing generally ranges:

• $550K–$900K+ for many renovated or mid-size homes
• $1M–$1.8M+ for large, restored, or architectural standouts
• Smaller or unrenovated homes may list lower depending on condition

These homes attract long-term buyers, families needing space, and lovers of vintage architecture.

Two- to Four-Unit Buildings

Old Irving Park offers multi-unit buildings ideal for:

• House hackers wanting rental income
• Investors seeking stable cash flow
• Families desiring multi-generational options

Prices typically range:

• $650K–$1M+ depending on condition, location, and lot size

Many of these buildings feature large room layouts, original woodwork, and vintage charm — making them highly desirable for tenants.

Condos & Smaller Buildings

While less common than in denser neighborhoods, Old Irving Park still offers:

• Boutique walk-up condos
• Vintage courtyard conversions
• Newly renovated condo flats

Prices usually span:

• 1-bedrooms: ~$200K–$275K+
• 2-bedrooms: ~$275K–$375K+
• 3-bedrooms: ~$375K–$500K+

These units serve first-time buyers and professionals wanting an affordable entry point into Old Irving Park.

Rental Market: Quiet, Stable & Highly Desirable

Renters love Old Irving Park for its peaceful environment, transit access, and spacious units.

Typical rents:

• 1-bedrooms: ~$1,500–$1,800+
• 2-bedrooms: ~$1,900–$2,300+
• 3-bedrooms: ~$2,400–$3,200+
• Single-family home rentals: ~$3,200–$4,500+ depending on size

Long-term tenants are common, especially families and professionals who enjoy the neighborhood’s calm and convenience.

Investment Outlook: A Hidden Gem for Long-Term Stability

Old Irving Park is a highly stable and strategic investment opportunity due to:

1. Strong Appreciation Potential

Historic homes on large lots maintain value and grow steadily.

2. High Demand for Vintage Architecture

Buyers love the character and charm — and inventory is limited.

3. Excellent Transit Access

Quick access to the Blue Line, Metra, and I-90/94 boosts demand.

4. Multi-Unit Investment Strength

2–4 flats offer strong rent-to-price ratios and long-term cash flow.

5. Perfect for House Hackers

Live in a large unit, rent the others, and reduce your monthly mortgage cost.

Old Irving Park is ideal for investors who prioritize neighborhood longevity and consistent returns rather than fast, trend-driven markets.

Lifestyle: What It’s Like to Live in Old Irving Park

Old Irving Park offers a peaceful, historic, and green lifestyle with the convenience of quick city access.

Residents enjoy:

• Horner Park, Independence Park & Kolmar Park
• Neighborhood cafés, bakeries & local eateries
• Proximity to Avondale, Irving Park & Logan Square dining scenes
• Family-friendly events & historic home tours
• Tree-lined boulevards & quiet residential living
• Easy access to O’Hare & downtown via I-90/94 and CTA
• Local breweries, small shops & community markets

It’s suburban-style tranquility inside the city limits — one of the biggest reasons people stay for decades.

Financial Snapshot at a Glance

• Single-family homes: ~$550K–$1.8M+
• Multi-units: ~$650K–$1M+
• Condos: ~$200K–$500K+
• Average rents: ~$1,500–$4,500+
• Housing stock: Historic Victorians, bungalows, multi-units, new construction
• Resident profile: Families, professionals, long-term homeowners, investors

Old Irving Park’s combination of history, architecture, and convenience makes it one of Chicago’s most compelling and stable real estate markets.

Ready to Buy or Invest in Old Irving Park? Let’s Build Your Mortgage Strategy.

Whether you're shopping for a historic home, a modern renovation, or a multi-unit for house hacking, I can help you structure:

• FHA, Conventional & Jumbo financing
• Multi-unit financing strategies
• Down payment options
• Monthly payment breakdowns
• Pre-approval for competitive offers
• Renovation loan possibilities
• Investment loan analysis

Contact Your Local Mortgage Expert:

Ebonie Beaco – NMLS #2389954
Home Loans Network – Powered by Morty
📞 312-392-0664

Let’s explore your options and position you to buy confidently in one of Chicago’s most architecturally rich and historically significant neighborhoods.