3400 W LAKE Street, Chicago, IL 60624

  • $650,000
  • $650,000
3400 W LAKE Street, Chicago, IL 60624
For Sale
3400 W LAKE Street, Chicago, IL 60624
  • $650,000
  • $650,000

Overview

Property ID: 19234276
  • Commercial Sale
  • Property Type
  • 1891
  • Year Built

Description

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.

  • Address 3400 W LAKE Street
  • City Chicago
  • State/county IL
  • Zip/Postal Code 60624
  • Country United States

Details

Updated on August 25, 2024 at 1:42 am
  • Property ID: 19234276
  • Price: $650,000
  • Year Built: 1891
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 6100
  • MLS#: MRD12024163
  • Office Name: FULTON GRACE REALTY
  • Agent Name: Leticia Andrade
  • MLS Status: Active
  • Living Area Prefix: SqFt

Additional details

  • List Office MLSID: MRD84130
  • List Agent MLSID: MRD104403
  • List Date: 2024-04-09T00:34:32.000Z
  • Cooling: Central Air
  • Tax Annual: 6397.71
  • Tax Year: 2022
  • Flooring: Carpet,Wood
  • County: Cook
  • Property SubType: Mixed Use

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