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Seven-Lot Commercial Land

4042 W Lake Street, Chicago, IL 60624

For Sale
$559,000

PMD-9 zoning, Opportunity Zone designation, and current rental income add context for development planning.

Property SizeContact for details
Days on Market61

Property Features for 4042 W Lake Street

General Information

Standard status Active
Property subtype LAND

Site & Location

Neighborhood West Garfield Park

Taxes and HOA fees

Annual Taxes $23,056
Listing Agency: Pearson Realty Group
Listed By: Stephanie Soto
Source: Purveyproperties
Added: Sep 10 Changed: Nov 8 Last Checked: Nov 8 at 4:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pearson Realty Group

Rey
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Investment Insights

Based on property information with market context.

Seven parcels are offered together as commercial land at 4042 W Lake Street in Chicago. The property is zoned PMD-9 and currently produces rental income. It is also within a Chicago Opportunity Zone.

I-290, CTA bus service, and CTA train service are nearby, with access to routes across Chicago. The offering includes all seven PINs.

Key Highlights

  • Seven lots and all 7 PINs are included
  • PMD‑9 zoning
  • Located within a Chicago Opportunity Zone

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

971
Businesses Nearby

Demographics for 60624, IL

37,547
Population
16,250
Households
2.3
Avg Household Size
34
Median Age
13%
College-Educated
77%
High-School Grad
3.5 sq mi
ZIP Area
10,728
Density / Sq Mi
$32,607
Median Household Income
$30,924
Median Earnings
$1,152
Median Rent
$223,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Commercial land in Chicago

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Commercial land - PMD-9 zoning, Opportunity Zone designation, and current rental income add context for development planning.
Where is this commercial land located?
The property is located at 4042 W Lake Street Chicago, IL.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: Seven lots and all 7 PINs are included; PMD‑9 zoning; Located within a Chicago Opportunity Zone
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Includes: Price & PSF · Cap rate · Location · Zoning

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