Property for Sale: 3400 W LAKE, Chicago, IL 60624
$650,000
$650,000
3400 W LAKE,
Chicago, IL 60624
$650,000
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Price:
$650,000
Est. payment: Skip to Mortgage Calculator
Type Commercial
Year Built 1891
City Chicago
County Cook
MLS 12024163
Status Active
Exceptional investment opportunity awaits in East Garfield Park, strategically positioned just steps away from the Conservatory and the Kedzie Green Line. This meticulously maintained 5-unit Mixed Use building boasts a diverse portfolio of four commercial units alongside one residential unit, all currently leased. The commercial spaces cater to a variety of needs, featuring a beauty salon, a barbershop, a religious institution, and an automobile tint shop. With the beauty salon secured on a lease until August 2028 and the remaining units on a month-to-month basis, this investment offers both stability and potential for future optimization. Benefiting from M1-3 zoning and a clean bill of health with no current building violations, this property has undergone extensive recent renovations, including plumbing updates, reinforced basement supports, tuckpointing, flashing enhancements, and electrical improvements. Moreover, the investment is bolstered by a streamlined utility structure, with tenants responsible for all expenses except water/sewer/trash, which are managed through two separate water bills. Positioned directly across from the scenic Garfield Park and boasting easy access to transportation hubs such as the Kedzie Green Line and Metra UP-W, as well as proximity to the 290 expressway, this property offers investors an unparalleled blend of convenience and potential for long-term growth. With its prime location near the iconic United Center and a mere 10-minute drive to Downtown, this investment opportunity promises lucrative returns in a rapidly evolving neighborhood ripe with potential.
Lot & Building Features
Construction Brick
Cooling Central Air
Tax Year 2022
Lot Dimensions 50X115 ft
Price History of 3400 LAKE, Chicago, IL
Date | Name | Price | Difference |
---|---|---|---|
12/31/1969 | Listing Price | $650,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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3400 LAKE (MLS #12024163) is a commercial listing located in Chicago, IL. This property was listed on 04/08/2024 and has been priced for sale at $650,000.
![]() Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listing information courtesy of: Fulton Grace Realty |