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Listed by Leticia Andradeof Fulton Grace Realty
$ 650,000
Est. payment /mo
Active
3400 W LAKE Street Chicago, IL 60624
6,100 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,100 sqft
Price per Sqft $106
MLS Listing ID 12375011
Year Built 1891
Annual Tax Amount $6,562
Tax Year 2023
Lot Dimensions 50X115
Property Sub-Type Mixed Use
Property Description
Exceptional investment opportunity in East Garfield Park! This well-maintained 5-unit mixed-use building is ideally located just steps from the Garfield Park Conservatory and Kedzie Green Line, offering a diverse income stream with four commercial units and one residential unit. Current tenants include a beauty salon (leased through August 2028), an auto tint shop (month-to-month), and a convenience store (lease through July 1, 2027), with one commercial space-formerly a barber shop-currently vacant, offering additional upside. Zoned M1-3 with no current building violations, the property has seen recent improvements including updated plumbing, reinforced basement supports, tuckpointing, new flashing, and electrical upgrades. Tenants are responsible for all utilities except water/sewer/trash, which are split between two water bills for simplified management. Located directly across from Garfield Park and near the Metra UP-W, Kedzie Green Line, I-290, and just 10 minutes from Downtown and the United Center, this property offers both stability and long-term growth potential in one of Chicago's most rapidly evolving neighborhoods.
Location
State IL
County Cook
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Wood
Fireplace Y
Exterior
View Y/N true
Building
Foundation Concrete Perimeter
Structure Type Brick
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