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3214 W Lawrence Ave Chicago, IL 60640

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For Sale
$2,590,000

Nine-unit mixed-use property in the Lawrence/Kedzie TIF district.

Lot size:
0.07 Acres

Property Features for 3214 W Lawrence Ave

General Information

Lot size
0.07 Acres

Source: Jameson Commercial Agent Art Collazo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Albany Park Mixed-Use Investment

This nine-unit mixed-use property is located in the Lawrence/Kedzie TIF district in Albany Park. The property features fully leased storefronts and six new residential units. The residential units have contemporary designs with open layouts and skylights, central air conditioning, and in-unit washer and dryer. High-quality finishes are present throughout. A 6800 square foot basement space offers potential for additional income. A four-car attached garage provides parking for residents. Recent upgrades include a new 16 amp electric service, a modern water service installation, and a water sprinkler system. The building has undergone tuckpointing. Situated in a high-traffic location along the Lawrence and Kedzie corridor, the property benefits from visibility and accessibility. Public transportation is conveniently accessible, with the Brown Line train a short distance away. The property is located in a community with a rental market and growth potential.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Sung Rak Heavenly ... Church

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.7091483
Latitude
41.9687178

FAQs

What type of property is this?
Mixed-use property - Nine-unit mixed-use property in the Lawrence/Kedzie TIF district.
Where is this mixed-use property located?
The property is located at 3214 W Lawrence Ave Chicago, IL.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: - Fully leased storefronts and six new residential units provide immediate cash flow and income potential.; - Prime location in the Lawrence/Kedzie TIF district with high visibility and easy access to public transportation (Brown Line).; - 6800 sq ft basement offers significant potential for additional income generation or value-added amenities.
More about this property
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