5061 W Lake Street
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5061 W Lake Street

Chicago, IL, 60644 Baths0.0 Sq 3,000

Monthly Estimate*

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5061 W Lake Street, Chicago, IL 60644 - Image 1
5061 W Lake Street, Chicago, IL 60644 - Image 2
Studio

Auction for sale in Chicago, IL

. This 3,000 square foot home was built in 1919 on a lot size of 0.309917.

5061 W. Lake Street is a 13,500 square foot parcel with two buildings totaling approximately 3,000 square feet feet available for sale via auction. This property is currently rented month-to-month by an automotive shop and generates rent annually. The property is situated along Lake Street in West Garfield Park and is located in the PMD-9 zoning district. The zoning would allow for a variety of uses including automotive and repair shops. This area is undergoing revitalization, attracting investors interested in urban redevelopment and community growth. The property's location offers easy access to major transportation routes, including the CTA Green Line and I-290. With the neighborhood's potential for appreciation, driven by ongoing improvements and community initiatives, this is a great oppportunity for a user or investor. Located on the west side of Chicago, this property is a few blocks from Green Line stations and a short drive from the Eisenhower Expressway. West Garfield Park has become a desirable location for many businesses including boutiques, restaurants and bars. With increasing gentrification, the area is attracting a diverse group of entrepreneurs. 5061 W. LAKE STREET

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Auction Active

Price

$ 0

Bedrooms

Studio

Property Type

Auction

Taxes

$ 11,604

Style

Lot Size

0.309917

Year Built

1919

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12351507

Features
General
Cooling None
Zoning PMD
Year Built 1919
Electric Other
Stories Count 1
Township West Chicago
Tax Year 2023
Gross Income 0
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Industrial
Status Auction
Directions North Cicero Ave to West Lake Street
City Chicago
MLS Area CHI - Austin
Lot Size Square Feet 13500
Tax Annual Amount 11604.5
Additional Parcels Y/N N
Leasable Area 0
Standard Status Active
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Exterior
Building Area Total 3000
Lot Dimensions 60X225
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* Excluded Features
List By
Millennium Properties Re, Inc.

Broker

bthompson@mpirealestate.com

Email

Affordability Calculator

$967
Per Month
0%
100%
0%
Monthly Principal & Interest
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Monthly Property Taxes
$967
Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/29/2025$0 Listed Price

Map


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5061 W Lake Street, Chicago, IL, 60644 is a Auction for sale at $0 with 3,000 sqft and a lot size of 0.309917. 5061 W Lake Street is a studio with 0.0 baths and was built in 1919. The property's zip code is 60644 which is in Chicago, IL