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5061 W Lake Street, Chicago, IL 60644

  • 3,000 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1919
  • Property Lot Size Icon0.31acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

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

Listing Status:
Active
Listing Office:
Millennium Properties RE, Inc. : 312-338-3012
Listing Agent:
Brad Thompson : 312-338-3012
MLS ID:
12351507
  • A/C: None

This listing courtesy of Brad Thompson, Millennium Properties RE, Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Spencer Technology Academy Elementary School

214 N Lavergne Ave, Chicago, IL, 60644

Grades PK-8

0.15 miles away

S

Spencer Technology Academy Elementary School

214 N Lavergne Ave, Chicago, IL, 60644

Grades PK-8

0.15 miles away

A

Austin College and Career Academy High School

231 N Pine Ave, Chicago, IL, 60644

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.