6340 N Clark ST Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60660
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $218
MLS Listing ID 11997012
Year Built 1917
Annual Tax Amount $33,777
Tax Year 2023
Lot Dimensions 75X125
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. At a current 8.01% cap rate, the income on this property will allow a buyer to generate a phenomenal return from day one. Bring your clients to check it out!
Location
State IL
County Cook
Area Chi - Edgewater
Zoning COMMR
Interior
Cooling Window Unit(s)
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2