Property Attributes
- MLS#11997012
- TypeCommercial
- CountyCOOK
- CityChicago
- AreaCHI - Edgewater
- NeighborhoodEdgewater
- Zip60660
- Style
- Year Built1917
- Taxes$ 32927
- Price$ 2,850,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage14280
- Lot Size11,448 SqFt
Data Source:
Midwest Real Estate Data (MRED)
Property Description
6334-40 North Clark Street is a 2-story mixed-use investment property with three (3) street level retail units, leased by Gracie O'Malley's, a popular Chicago Bar with three downtown locations (Edgewater, Wicker Park, and Six Corners), Sauce and Bread Kitchen (SBK), and Co-op Sauce. Sauce and Bread Kitchen (SBK) owns and operates Co-op Sauce and the two adjacent suites are on the same lease. The apartments are comprised of twelve (12) residential units consisting of one (1) Studio unit, five (5), 1-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom units, two (2), 3-Bedroom/2 Bathroom units, and one (1), 4-Bedroom/2-Bathroom unit. The Property also features a detached four bay garage, which can generate additional revenue. The property benefits from rehabbed commercial spaces, updated plumbing and electric, and a brand new tear off completed in 2024. With strong commercial tenants and 100% occupancy on the apartments, this stable investment presents plenty of additional upside.
Price History | |
---|---|
3/6/2024 | Listed $3,200,000 |
4/1/2024 | 7% - $2,999,000 |
5/10/2024 | 5% - $2,850,000 |
General Features
Cooling | Window Unit(s) |
---|---|
Zoning | COMMR |
Year Built | 1917 |
Electric | Over 600 Amps |
Tenant Pays | Electricity |
Stories | 2 |
Property SubType | Apts/Stores |
Tax Year | 2022 |
Gross Income | 316140 |
County | Cook |
Net Operating Income | 213755 |
Operating Expense | 105355 |
Insurance Expense | 18228 |
Property Type | Commercial Sale |
Status | Price Change |
Directions | Property is located on the southwest corner of Clark and Devon,just south of the Shell Gas Station. |
City | Chicago |
Total Units | 15 |
MLS Area | CHI - Edgewater |
Lot Size Square Feet | 11448 |
Street Name | Clark |
Tax Annual Amount | 32927 |
Electric Expense | 1500 |
Fuel Expense | 9000 |
Trash Expense | 4056 |
Water Sewer Expense | 9900 |
Additional Parcels Y/N | No |
Days on Market | 67 |
Standard Status | Active |
Property Type | Mixed Use |
Interior Features
Street Suffix | Street |
---|
Exterior Features
Building Area Total | 14280 |
---|---|
Lot Dimensions | 75X125 |
Exterior | Brick |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool