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5061 W Lake St 4,000 SF Industrial Building Chicago, IL 60644 $225,000 ($56.25/SF)
Executive Summary
SEALED BID AUCTION - JUNE 17TH 2025. Large 13,500 sq foot parcel with a 4000 sq foot building along Lake St in West Garfield Park. Currently MTM tenant at $52,000 rent annually.
Located in PMD9 Zoning District, would allow for mechanical use and parking. Contact Broker for Terms and Conditions. Pre-Auction offers will be considered.
Located in PMD9 Zoning District, would allow for mechanical use and parking. Contact Broker for Terms and Conditions. Pre-Auction offers will be considered.
Property Facts Under Contract
| Price | $225,000 | Rentable Building Area | 4,000 SF |
| Price Per SF | $56.25 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1919 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 15’ |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.31 AC | ||
| Zoning | PMD 9 | ||
| Price | $225,000 |
| Price Per SF | $56.25 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.31 AC |
| Rentable Building Area | 4,000 SF |
| No. Stories | 1 |
| Year Built | 1919 |
| Tenancy | Single |
| Clear Ceiling Height | 15’ |
| Opportunity Zone |
Yes |
| Zoning | PMD 9 |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Juan Luz
- -
- -
- -
- -
- Luz Complete Auto Repair Inc
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Juan Luz | - | - | - | - | ||
| Luz Complete Auto Repair Inc | Services | - | - | - |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 16-09-403-018-0000 | Improvements Assessment | $20,747 |
| Land Assessment | $42,253 | Total Assessment | $63,000 |
Property Taxes
Parcel Number
16-09-403-018-0000
Land Assessment
$42,253
Improvements Assessment
$20,747
Total Assessment
$63,000
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5061 W Lake St
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