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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

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    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.
    (312) 216-8000
    Request Owner's contact information
    3214 W Lawrence Ave Chicago, IL 60640
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    Chicago, IL 60640
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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
    3214 W Lawrence Ave Chicago, IL 60640
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