3301 N Clark St
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3301 N Clark St
6 Unit Apartment Building $3,395,000 ($565,833/Unit) Chicago, IL 60657
Investment Highlights
- Prominent, Stoplight Intersection in the Heart of Lakeview
- Great Apartment Layouts with Nice Rental Quality Finishes
- Surface Parking for 2-3 Cars in Rear
- Fresh 7 Year Lease with Experienced Restaurant Tenant
- All Apartments Feature In-Unit Laundry and Individual HVAC
Executive Summary
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.
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.
Property Facts
| Price | $3,395,000 | Apartment Style | Low Rise |
| Price Per Unit | $565,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| No. Units | 6 | Building Size | 9,500 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1893 |
| Price | $3,395,000 |
| Price Per Unit | $565,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 9,500 SF |
| No. Stories | 3 |
| Year Built | 1893 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+0 | 2 | $1,565 | - |
| 2+1 | 2 | $2,445 | - |
| 2+1.5 | 2 | $2,418 | - |
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Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (84)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 14-20-420-053-0000 | Improvements Assessment | $145,149 |
| Land Assessment | $24,451 | Total Assessment | $169,600 |
PROPERTY TAXES
Parcel Number
14-20-420-053-0000
Land Assessment
$24,451
Improvements Assessment
$145,149
Total Assessment
$169,600
zoning
| Zoning Code | B3-3 |
| B3-3 |
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3301 N Clark St
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