3600 W. Lawrence Ave.

Status Update: Under Contract June 2025!

Amazing investment opportunity in Albany Park! Own a three-story 15-unit building  with 83′ of frontage along Lawrence Avenue. The property includes 5 storefronts, 8 studios and 2 two-bedroom apartments, as well as a large fenced lot for parking in the rear.  Currently there are 2 vacant storefronts and 2 vacant studios. Add value through leasing of vacant units, unit renovations & rent increases. Each unit has individual furnaces. This corner property is located half a mile from the Kimball Station CTA Brown Line (6-minute walk). The immediate area is lined with long term established neighborhood restaurants including Chicago Kalbi, Cardona’s Restaurant, Peking Mandarin Restaurant, Great Sea Restaurant, Nighthawk, Kabobi Persian, Lawrence Fish Market, and Noon o Kabob Chicago.

CURRENT NOI:
$90,892 (Potential NOI at 100% Occupancy is $131,692) Currently there are 2 vacant studios and 2 vacant storefronts.

CURRENT INCOME:
$116,892 (Potential Income $157,692)

For rent roll, please contact agents David Kaplan and Adam Schneiderman, SIOR. 773.736.3600