Chicago, IL 60624 3400 W LAKE Street
$650,000



30 more































Presented By: Fulton Grace Realty
Home Details
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.
Presented By: Fulton Grace Realty
Interior Features for 3400 W LAKE Street
Other Interior Features
FlooringCarpet, Wood
Total Fireplaces
General for 3400 W LAKE Street
Additional Parcels Y/NNo
Cap Rate10.7
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseCommercial, Automotive
DirectionsTake 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
ElectricCircuit Breakers
Electric Expense
Fuel Expense
Gross Income6400
Insurance Expense8821
Lease TypeNet
Lot Size Square Feet5689
MLS AreaCHI - East Garfield Park
ModificationTimestamp2025-06-01T05:07:14.061Z
Net Operating Income69741
Number Of Units Total5
Operating Expense22779
PossessionClosing
Possible UseCommercial, Multi-Family, Retail
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount6562.91
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat
Trash Expense0
Water Sewer Expense2820
Year Built1891
ZoningCOMMR
Exterior for 3400 W LAKE Street
Building Area Total6100
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions50X115
Additional Details
Price History
