3301 N Clark St - Apartments FOR SALE


Chicago, IL 60657- Lincoln Park
$3,395,000 USD
312-848-6682
3301 N Clark St, Chicago, IL for Sale
$3,395,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

3301 N Clark St
Chicago, IL 60657
Lincoln Park


HIGHLIGHTS

  • Prominent, Stoplight Intersection in the Heart of Lakeview
  • Fresh 7 Year Lease with Experienced Restaurant Tenant
  • Great Apartment Layouts with Nice Rental Quality Finishes
  • All Apartments Feature In-Unit Laundry and Individual HVAC
  • Surface Parking for 2-3 Cars in Rear

OVERVIEW

Interra Realty has been exclusively engaged to market 3301 N. Clark Street, Chicago, for sale. The subject investment property is a multifamily and retail mixed-use asset in the Wrigleyville submarket of the Lakeview Neighborhood. Ownership recently executed a seven year lease with a local restaurant group opening an American supper club concept. The modified gross includes the tenant paying 63% of the building’s water bill and a small portion of RE taxes and insurance over the ’24 base year. The apartments are primarily two bedroom apartments with spacious layouts and nice rental quality finishes. All units have in-unit laundry, individual HVAC, and dishwashers. The rear of the property features parking for 2-3 vehicles. A new investor has the opportunity to acquire a stabilized mixed-use asset on a prominent corner in one of Chicago’s most in-demand rental markets. The property is being offered for sale free-and-clear of existing financing.

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$357 USD /SF

# OF UNITS

6

PRICE/UNIT

$565,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1893

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

B3-3

APN/PARCEL ID

14-20-420-053-0000

ASK ABOUT THIS PROPERTY

Joe SmazalInterra RealtyMore Info
312-848-6682

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Joe SmazalInterra RealtyMore Info
312-848-6682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.