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    3200 W Lake St Chicago, IL 60624

    For Sale
    $295,000

    Oversized corner lot near Kedzie/Lake Green Line stop.

    Property Features for 3200 W Lake St

    General Information

    Standard status
    Active

    Source: STRAUSS REALTY LTD Agent ADAM SCHNEIDERMAN

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

    Overview

    Corner Lot Near Green Line

    This is an 8,608 square foot commercial land parcel zoned C1-3. The property is an oversized corner lot located at the base of the Kedzie/Lake Green Line "EL" stop. It is situated a 3 minute drive east of Garfield Park Conservatory. The property is sold "As-is". A survey is available in the documents.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TCF Bank ATM Atm Kedzie Subway Station

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.7065151
    Latitude
    41.8845998

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    FAQs

    What type of property is this?
    Commercial land - Oversized corner lot near Kedzie/Lake Green Line stop.
    Where is this commercial land located?
    The property is located at 3200 W Lake St Chicago, IL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Oversized 8,608 sq ft Lot Zoned C1-3; - Great Corner Location at Kedzie/Lake Green Line 'EL' Stop; - High-Traffic Location
    (773) 736-3600
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    3200 W Lake St Chicago, IL 60624
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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
    3200 W Lake St Chicago, IL 60624
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