5426 Lockwood Ave Chicago, IL 60638
- Commercial real estate
- 44,000 SF
- 2.94 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5426 Lockwood Ave
- Year built
- 1922
- Lot size
- 2.94 lot acres
- Property size
- 44,000 SF
- Property type
- Commercial real estate
- APN
- 19-09-328-040; 19-09-329-025-0000
Description
This exceptional 2.94-acre commercial property presents a unique redevelopment opportunity in Chicago's vibrant landscape. The site, located at 5426 S Lockwood Ave, 60638, Cook County, IL, boasts a total of 44,000 square feet of existing buildings, comprised of three structures measuring approximately 21,500, 17,000, and 5,600 square feet respectively. Currently zoned RS-3, the property offers potential for rezoning, subject to further investigation. Its strategic location provides easy access to major transportation arteries, including I-55 and is situated conveniently near Midway Airport and Southwest Airlines, as well as I-294 and I-90/94 interchanges. The property's proximity to downtown Chicago further enhances its appeal. While the buildings are vacant, this presents a blank canvas for a variety of development projects. Potential uses include educational facilities, multifamily, single-family, or mixed-use developments. Note that deed restrictions apply
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.7553533
- Latitude
- 41.7938872
