3201-3213 Lawrence Ave Chicago, IL 60625
This exceptional Chicago retail investment opportunity encompasses a 33,794 square foot property situated on a 0.646-acre lot. The property consists of four buildings located at 3201-3213 W Lawrence Ave and 4738-4752 N Kedzie Ave, Chicago, IL 60625, with addresses including 4738-46 N Kedzie, 4748-50 N Kedzie, and 4752 N Kedzie. The buildings feature a mix of street-level retail spaces and upper-level apartments, offering diverse income streams. Building features include approximately 220 feet of frontage on Kedzie Avenue and approximately 125 feet of frontage on Lawrence Avenue. The property is zoned B3-2 & B1-2, providing flexibility for future development or continued operation as a retail center. The current annual income from tenants exceeds $460,800, with long-term tenants currently on month-to-month leases, but open to longer-term agreements. A detailed rent roll is available upon request. The property's prime location benefits from high vehicular traffic counts on both Kedzie (14,300 VPD) and Lawrence (13,700 VPD) Avenues, and its proximity to the Kimball & Kedzie Brown Line station makes it an attractive Transit-Oriented Development (TOD) site. The asking price is $5,500,000, representing a price per square foot of $195.48. The property's Parcel Identification Numbers (PINs) are 13-14-206-018, 13-14-206-019, 13-14-206-020, and 13-14-206-021. This property presents a compelling opportunity for both income generation and potential redevelopment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.