3400 W LAKE Street
Chicago, IL, 60624
$650,000
Beds
0 Baths
6,100 SqFt
0 Acres
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$650,000
3400 W LAKE Street
Chicago, IL, 60624
MLS #MRD12375011 image #0MLS #MRD12375011 image #1MLS #MRD12375011 image #2MLS #MRD12375011 image #3MLS #MRD12375011 image #4MLS #MRD12375011 image #5MLS #MRD12375011 image #6MLS #MRD12375011 image #7MLS #MRD12375011 image #8MLS #MRD12375011 image #9MLS #MRD12375011 image #10MLS #MRD12375011 image #11MLS #MRD12375011 image #12MLS #MRD12375011 image #13MLS #MRD12375011 image #14MLS #MRD12375011 image #15MLS #MRD12375011 image #16MLS #MRD12375011 image #17MLS #MRD12375011 image #18MLS #MRD12375011 image #19MLS #MRD12375011 image #20MLS #MRD12375011 image #21MLS #MRD12375011 image #22MLS #MRD12375011 image #23MLS #MRD12375011 image #24MLS #MRD12375011 image #25MLS #MRD12375011 image #26MLS #MRD12375011 image #27MLS #MRD12375011 image #28MLS #MRD12375011 image #29MLS #MRD12375011 image #30MLS #MRD12375011 image #31MLS #MRD12375011 image #32MLS #MRD12375011 image #33MLS #MRD12375011 image #34
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
Type:
Commercial
Neighborhood:
CHI – East Garfield Park
Listed Date:
May 26, 2025
Finished Sq Ft:
6,100
Total Sq Ft:
6,100
Year Built:
1891
Chi – East Garfield ParkChi – East Garfield Park

Schools

Interior

Cooling
Central Air
Flooring
Carpet, Wood

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$69,741
Tax Year
2023
Taxes
$6,563
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Sep 02, 2025
1,070
Commercial Listed
164
Avg DOM
149
Avg $ / SqFt
$1,046,641
Avg List Price

Community

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Property Summary

    3400 W LAKE Street Chicago IL is a Commercial for sale in Chicago, IL, 60624. It is listed for $650,000 To schedule a showing of MLS#mrd12375011 at 3400 W LAKE Street in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
3400 W LAKE Street
Chicago, IL