5061 W Lake ST Chicago, IL 60644

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 3,000 sqft

MLS Listing ID 12351507

Year Built 1919

Annual Tax Amount $11,604

Tax Year 2023

Lot Dimensions 60X225

Property Sub-Type Industrial

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

Location

State IL

County Cook

Area Chi - Austin

Zoning PMD

Interior

Cooling None

Fireplace N

Building

Dwelling Type Industrial

Level or Stories 1

Listed by Brad Thompson • Millennium Properties RE, Inc.

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106