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    4257 N Lockwood Ave Chicago, IL 60641

    New
    Under Contract
    For Sale
    $950,000

    Commercial Sale - Chicago, IL

    Days on Market:
    7
    Last Refresh:
    Dec 15 at 4:06 am

    Property Features for 4257 N Lockwood Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    MULTI
    APN
    13163110010000

    Building Details

    Year built
    1921
    Number of units
    6
    Roof type
    Membrane
    Architectural style
    Other

    Jameson Real Estate LLC (312) 335-3291 [email protected]

    Listing agent Ilsa Conover (312) 751-0300 License #475138611

    Listing date Dec 9, 2025

    MLS# 12524919 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portage Park 6-Unit Building

    This brick corner 6-unit building is located in a prime location in Portage Park, Chicago, steps from Portage Park. The property features five spacious simplex 2-bedroom, 1-bathroom apartments, each with a sunroom and a large separate living and dining room. Additionally, there is one duplex-down 3-bedroom, 1.5-bathroom apartment with nine rooms. Hardwood flooring is present throughout the building; there is no carpet. The basement includes a coin laundry washer/dryer, individual storage closets for each apartment, and a workshop. A fenced-in side yard and parking pad are located on the south side of the building. The south side roof was replaced in 2023, and the boiler was replaced in 2021. Routine tuckpointing was completed in 2021, and decks were replaced in 2020. Windows were replaced in 2015, and the water heater was replaced in 2012. Decorative fireplaces are present in five apartments. The building is fully rented on a month-to-month lease. Tenants are responsible for cooking gas and electricity. The property is located steps from Portage Park Elementary, the highway, the Mayfair Metra train stop, and the Blue Line train stop. The building has been meticulously maintained by the owner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7595959
    Latitude
    41.9584938

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in prime Portage Park location.
    Where is this apartment building located?
    The property is located at 4257 N Lockwood Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Prime location steps from Portage Park, Portage Park Elementary, highway, Mayfair Metra, and Blue Line.; - Six-unit brick building with five 2-bedroom apartments and one 3-bedroom duplex.; - Hardwood floors throughout, no carpet.
    (312) 751-0300
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4257 N Lockwood Ave Chicago, IL 60641
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