3824 N Clark St 5,400 SF 100% Leased Retail Building Chicago, IL 60613 $2,143,503 CAD ($396.95 CAD/SF) 7.33% Cap Rate

INVESTMENT HIGHLIGHTS

  • 100% Leased Hot Wrigleyville 7% Cap Rate Investment Property
  • Additional Income from Billboard and Spot Hero in Place
  • Multi Year Airbnb Business in Place

EXECUTIVE SUMMARY

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.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $176,457 $32.68
Other Income $28,504 $5.28
Vacancy Loss - -
Effective Gross Income $204,961 $37.96
Taxes $35,406 $6.56
Operating Expenses $12,400 $2.30
Total Expenses $47,807 $8.85
Net Operating Income $157,154 $29.10

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,400 SF
Building Class
C
Year Built
1902
Price
$2,143,503 CAD
Price Per SF
$396.95 CAD
Cap Rate
7.33%
NOI
$157,154 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.77
Lot Size
0.07 AC
Zoning
B3-2; Chicago - B3-2 Community Shopping District: Shopping centers, large stores, and retail storefronts, often along major streets.
Parking
5 Spaces (0.93 Spaces per 1,000 SF Leased)
Frontage
25’ on Clark St

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Cremation Society of Illinois
  • -
  • -
  • $34.00 CAD
  • Modified Gross
  • Oct 2025
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Cremation Society of Illinois - - $34.00 CAD Modified Gross Oct 2025
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (88)

NEARBY MAJOR RETAILERS

Bank of America
Old National Bank
Starbucks
Fifth Third Bank
StretchLab
Jewel-Osco
Noodles & Company
SoulCycle
Capital One
PNC Bank

PROPERTY TAXES

  • Listing ID: 32896290

  • Date on Market: 2024-08-20

  • Last Updated:

  • Address: 3824 N Clark St, Chicago, IL 60613