3240 N CLARK Street, CHICAGO IL 60657 Photo 1 3240 N CLARK Street, CHICAGO IL 60657 Photo 2 3240 N CLARK Street, CHICAGO IL 60657 Photo 3 3240 N CLARK Street, CHICAGO IL 60657 Photo 4 3240 N CLARK Street, CHICAGO IL 60657 Photo 5
Listing Courtesy of Windy City Re Llc

No driving directions were found. Please adjust your search.

3240 N CLARK Street - Amazing Clark St area has improved tremendously due to Wrigley Field/Cubs attraction this past summer, and only going to improve next year. Has 25' of prime curb exposure on Clark streetscape, located at a newly signalized hard stop intersection [15K+ VPD] w/ lots of foot traffic. Mixed use property [6 apartments, 2 commercial spaces, 4 parking spaces] that is 100% fully occupied and generating colossal cash flows. Rear parking includes one tandem space, and two individual parking spaces for tenant use. Plenty of tenant improvements to commercial spaces, as well as CapEx additions to building and residential units. Basement was also finished and leased out for additional revenue. Apartments located on top floors were all beautifully renovated with newly installed cabinets, hardwood floors, SS appliances, granite countertops. Easy access to CTA Red/Brown/Purple lines with plenty of nearby local and downtown bus routes all contribute to high tenant demand and low vacancy expense.

Listing information

  • MLS® ID: 09399760
  • Status: Active with Contingency
  • New Construction: No
  • County: Cook
  • Style: Mixed Use
  • Stories: 3
  • Foreclosure: No
  • Year Built: 1900
  • Parking Type Description: Reserved / Assigned 4 cars
  • Estimated Annual Taxes: $16,252

Features

Air Conditioning Central Air, Window Unit/s
Approximate Age New Rehab
Built Before 1978 (Y/N) Yes
Construction Wood Frame
Contingency Flag Attorney/Inspection
Current Use Commercial, Office and Research
Electrical Service Circuit Breakers, Separate Meters
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Combination
Geographic Locale Chicago North
Heat/Ventilation Central Heat/Indiv Controls
Information 48-Hr Notice Required
Location Central Business District, Public Transport Avail
Misc Inside Basement, Multi-Tenant
Other # Of Apts - 6, # Of Dishwashers - 6, # Of Disposals - 0, # Of Dryers - 1, # Of Offices - 0, # Of Ranges - 6, # Of Refrigs - 6, # Of Tenants - 8, # Of Units - 8, # Of Washers - 1, # Of Window/Ac - 0, Electricity Expense - 210, Expense Year - 2016, Fuel Expense - 1400, Gross Rent Multiplier - 10, Gross Rental Income $ - 15496, Insurance Expense - 2914, Net Oper Income $ - 12880, Net Operating Income Year - 2016, Other Expenses - 3200, Scavenger Expense - 900, Tax Year - 2015, Total Annual Exp - 26376, Total Annual Income - 154968, Total Monthly Income - 12914, Township - Lake View, Water Expense - 1500, Zoning Type - Commr
Outdoor Parking 1-5 Spaces, Assigned Spaces
Ownership Type Corporation
Potential Use Commercial, Retail
Property Type Mixed Use
Tenant Pays Electric, Heat, Varies by Tenant
Utilities To Site Electric to Site, Gas to Site, Water to Site
Washer/Dryer Lsd (Y/N) Yes
Water Drainage Drain Tiles
Listing Courtesy of Windy City Re Llc