Mixed-Use Property With Four
For Sale
$985,000
4353 N Lockwood Avenue, Chicago, IL 60634
Two retail suites and four apartments combine in a mixed-use building with updated residential interiors and detached garage space.
Property SizeContact for details
Days on Market8
Property Features for 4353 N Lockwood Avenue
General Information
Standard status
Active
Property subtype
Commercial
Occupancy
100%
Net Operating Income
$74,859
Financials
Cap Rate
7.1%
Gross Income
$105,720
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$14,063
Amenities
updated kitchens
updated baths
newly coated roof
newer boiler heating system
newer hot water tank
Reflective Coating Roof
Building Details
Year Built
1923
Buildings
2
Tenancy
Multi
Listing Agency:
COMPASS
(312) 319-1168
Listed By:
MATTHEW MIKA · License #471001481
Source:
Corcoran
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 21 at 8:42AM
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 COMPASS
Investment Insights
Based on property information with market context.
Built in 1923, this mixed-use property combines two street-level commercial suites with four apartments and a detached three-car garage. The residential units include updated kitchens and bathrooms. Two front apartments are configured as five-room, two-bedroom layouts, with potential for three bedrooms depending on use; the rear units are four-room, one-bedroom apartments. A portion of the basement is also included in the property’s functional layout.
The retail spaces measure approximately 1,200 square feet and 1,100 square feet. The corner suite is occupied by a beauty shop through May 2028, while the eastern suite is leased to an art studio through September 2027. The spaces were previously combined for grocery use and can be reconfigured together. The property is located at 4353 N Lockwood Avenue in Chicago’s Portage Park area, two blocks north of the park.
Physical improvements include a recently silicone-coated roof, newer boiler heating system, and newer hot water tank. The property reports a 9.9 gross multiplier and a 7.1% cap rate.
The retail spaces measure approximately 1,200 square feet and 1,100 square feet. The corner suite is occupied by a beauty shop through May 2028, while the eastern suite is leased to an art studio through September 2027. The spaces were previously combined for grocery use and can be reconfigured together. The property is located at 4353 N Lockwood Avenue in Chicago’s Portage Park area, two blocks north of the park.
Physical improvements include a recently silicone-coated roof, newer boiler heating system, and newer hot water tank. The property reports a 9.9 gross multiplier and a 7.1% cap rate.
Key Highlights
- Two retail suites plus 4 apartments in a mixed‑use building
- 1,200 SF corner retail suite leased through May 2028
- 1,100 SF eastern retail suite leased through September 2027
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,987
Businesses Nearby
Explore this area
Business Placement
Demographics for 60634, IL
75,694
Population
29,344
Households
2.6
Avg Household Size
41
Median Age
27%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
10,661
Density / Sq Mi
$84,997
Median Household Income
$46,694
Median Earnings
$1,271
Median Rent
$333,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail suites and four apartments combine in a mixed-use building with updated residential interiors and detached garage space.
Where is this mixed-use property located?
The property is located at 4353 N Lockwood Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: Two retail suites plus 4 apartments in a mixed‑use building; 1,200 SF corner retail suite leased through May 2028; 1,100 SF eastern retail suite leased through September 2027
