3201-3213 Lawrence AveChicago, IL 60625

Property Details for 3201-3213 Lawrence Ave

Lot size

0.65 AC

Property size (Sq ft)

33,794 SF

Property type

Retail properties

Description

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.

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9683

Longitude

-87.7087

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