$106.56 Per Sq Foot $3,489 est/mo Sourced by Back At You

3400 W Lake Street,Chicago, IL 60624

Chicago IL, 60624

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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.

Details

MLS#12024163
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1891
Days On Site51
Listing Provided ByFulton Grace Realty | Leticia Andrade

Features

SQ Feet6,100
Story(s)2
Units5
ZoningCOMMR

Market Activity 60624

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Learn More About This Property

StateIL
CountyCook
CityChicago
Zip Code60624
AreaCHI East Garfield Park
Listing VS Median (in 60624)
Price:
$650,000
low | high
Med:
$292,450
100% of Average
SqFt:
6,100
low | high
Med:
3,321
95.55737704918% of Average
$ / SqFt:
$107
low | high
Med:
$90
65.766199456772% of Average
On Site:
51
low | high
Med:
112.5
45.333333333333% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $0 - $0
SqFt: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
401 N Trumbull Ave Property Photo 1
$0
401 N Trumbull Ave
Chicago, IL 60624
Listing Updated: May 21, 2024 at 8:05:33 PM PDT