$650,000
3400 W LAKE Street
Chicago, IL, 60624
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.
Property Details
Price:
$650,000
MLS #:
MRD12375011
Status:
Active
Beds:
0
Baths:
0
Address:
3400 W LAKE Street
Type:
Commercial
Neighborhood:
CHI – East Garfield Park
City:
Chicago
Listed Date:
May 26, 2025
State:
IL
Finished Sq Ft:
6,100
Total Sq Ft:
6,100
ZIP:
60624
Year Built:
1891
Schools
Interior
Cooling
Central Air
Flooring
Carpet, Wood
Exterior
Construction Materials
Brick
Financial
Tax Year
2023
Taxes
$6,563
Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.
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3400 W LAKE Street
Chicago, IL
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