3824 N CLARK Street
Chicago, IL 60613

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Description

Prime Location in Wrigleyville! This stunning mixed-use building at 3824 N Clark Street, Chicago, offers an exceptional opportunity for investors that is producing amazing cash flows with a 7% Cap Rate. Situated in the heart of a lively neighborhood, this property features a ground floor commercial unit, a basement storage unit and two beautifully renovated 3-bedroom, 2-bath residential units with modern amenities including stainless steel appliances, granite countertops, hardwood floors, and in-unit laundry. The building also boasts central air, a large rear porch, and updated electrical and plumbing systems. The property is 100% leased and the two residential units are leased to an Airbnb management company. Additional revenue sources in place with a leased billboard and Spot Hero parking spaces in the rear. Located just a few blocks away from the Red Line El train and a short walk to Wrigley Field, this location is perfect for those seeking vibrant city living with excellent transit options. Don't miss out on this rare chance to own a piece of prime real estate in one of Chicago's most sought-after areas.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60613
• Year Built: 1903
• Sq.Ft.: 4,686 sq ft
• Stories: 3
• Units: 4 units
• Fireplace: 2
• Zoning: COMMR
• # Of Apts: 2
• # Of Dishwashers: 2
• # Of Disposals: 2
• # Of Dryers: 2
• # Of Offices: 1
• # Of Ranges: 2
• # Of Refrigs: 2
• # Of Stores: 1
• # Of Tenants: 4
• # Of Washers: 2
• All Sub-Types: Mixed Use, Apts/Ofc/Store, Apts/Stores
• Approximate Age: Older
• Building Area Total: 4686
• Built Before 1978 (Y/N): Yes
• Cap Rate: 6.87
• Construction Materials: Brick, Steel Siding
• Cooling: Central Air
• Directions: IRVING PARK to Clark, South on Clark to Property.
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Electric Expense: 887
• Electric Expense Source: Actual
• Expense Year: 2024
• Exterior Building Type: Brick
• Fire Protection: Alarm Monitored, Alarm On Site
• Flooring: Wood
• Foundation Details: Brick/Mortar
• Fuel Expense: 766
• Fuel Expense Source: Actual
• Geographic Locale: Chicago North
• Gross Income: 143238
• Gross Rent Multiplier: 12
• Gross Scheduled Income: 143238
• Heat/Ventilation: Central Heat/Indiv Controls
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 1902
• Location: Mixed Use Area
• Lot Size Square Feet: 3125
• Main Type: Commercial Sale
• Misc Inside: Skylight/s, Basement
• Misc Outside: Balcony/ies
• Operating Expense: 33410
• Other Expense: 2265
• Other Expense Source: Actual
• Outdoor Parking: 1-5 Spaces
• Ownership Type: Individual
• Roof: Rubber
• Roof Structure: Flat
• Tax Annual Amount: 24744
• Tax Year: 2023
• Tenant Pays: Air Conditioning, Electricity, Heat
• Total Annual Expense Source: Actual
• Total Monthly Income: 11937
• Township: Lake View
• Trash Expense: 234
• Trash Expense Source: Actual
• Water Drainage: Storm Sewers
• Water Expense Source: Actual
• Water Sewer Expense: 2612