3400 W LAKE Street Chicago, IL $ 650,000
3400 W LAKE Street
$ 650,000
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3400 W LAKE Street

Chicago, IL, 60624
$ 650,000
Bedrooms-- Baths-- Sq 6,100
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Property for Rent in Chicago, IL

for $650,000. This 6,100 square foot property was built in 1891 on a lot size of 0.130601.

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.

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Rental Active

Price

$ 650,000

Taxes

$ 6,562

Style

Commercial,Automotive

Lot Size

0.130601

Year Built

1891

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12375011

Features
General
Cooling Central Air
Possession Closing
Zoning COMMR
Construction Materials Brick
Year Built 1891
Electric Circuit Breakers
Tenant Pays Air Conditioning Electricity Heat
Stories Count 2
Tax Year 2023
Current Use Commercial Automotive
Gross Income 6400
County Cook
Net Operating Income 69741
Operating Expense 22779
Insurance Expense 8821
Property Type Commercial Sale Mixed Use
Possible Use Commercial Multi-Family Retail
Status Active
Directions Take I-290 Eisenhower Expressway to Independence Blvd Exit. Head north on Independence Blvd and turn left onto Lake Street. Continue west on Lake Street to Homan Avenue. The property is located at th
City Chicago
Number Of Units Total 5
MLS Area CHI - East Garfield Park
Lot Size Square Feet 5689
Tax Annual Amount 6562.91
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 2820
Additional Parcels Y/N N
Lease Type Net
Standard Status Active
Cap Rate 10.7
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Interior
Flooring Carpet Wood
Total Fireplaces 0
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 6100
Lot Dimensions 50X115
Frontage Type City Street
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* Excluded Features
List By
Fulton Grace Realty

Broker

soldbyleticia@gmail.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/26/2025$650,000 Listed Price

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3400 W LAKE Street, Chicago, IL, 60624 is a Property for Rent at $650,000 with 6,100 sqft and a lot size of 0.130601. 3400 W LAKE Street was built in 1891. The property's zip code is 60624 which is in Chicago, IL