Chicago, IL 60624 3400 W LAKE Street

3400 W LAKE Street Chicago, IL - Image 13400 W LAKE Street Chicago, IL - Image 23400 W LAKE Street Chicago, IL - Image 3
30 more
3400 W LAKE Street Chicago, IL - Image 43400 W LAKE Street Chicago, IL - Image 53400 W LAKE Street Chicago, IL - Image 63400 W LAKE Street Chicago, IL - Image 73400 W LAKE Street Chicago, IL - Image 83400 W LAKE Street Chicago, IL - Image 93400 W LAKE Street Chicago, IL - Image 103400 W LAKE Street Chicago, IL - Image 113400 W LAKE Street Chicago, IL - Image 123400 W LAKE Street Chicago, IL - Image 133400 W LAKE Street Chicago, IL - Image 143400 W LAKE Street Chicago, IL - Image 153400 W LAKE Street Chicago, IL - Image 163400 W LAKE Street Chicago, IL - Image 173400 W LAKE Street Chicago, IL - Image 183400 W LAKE Street Chicago, IL - Image 193400 W LAKE Street Chicago, IL - Image 203400 W LAKE Street Chicago, IL - Image 213400 W LAKE Street Chicago, IL - Image 223400 W LAKE Street Chicago, IL - Image 233400 W LAKE Street Chicago, IL - Image 243400 W LAKE Street Chicago, IL - Image 253400 W LAKE Street Chicago, IL - Image 263400 W LAKE Street Chicago, IL - Image 273400 W LAKE Street Chicago, IL - Image 283400 W LAKE Street Chicago, IL - Image 293400 W LAKE Street Chicago, IL - Image 303400 W LAKE Street Chicago, IL - Image 313400 W LAKE Street Chicago, IL - Image 323400 W LAKE Street Chicago, IL - Image 333400 W LAKE Street Chicago, IL - Image 34
Presented By: Fulton Grace Realty
  • MLS# 12375011
  • 05/26/2025
  • Request Tour
  • Request Info
  • SQFT • 6,100

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

Client Care

Price $650,000
MLS#12375011
List Date 05/26/2025
Property Type Commercial
Phone 847.485.2500
Request Tour
Request Info
Visit My Website

Similar Properties to 3400 W LAKE Street