3824 N Clark St 5,400 SF 100% Leased Retail Building Chicago, IL 60613 $1,498,000 ($277.41/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 | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
$123,318
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$22.84
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Other Income |
$19,920
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$3.69
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Vacancy Loss |
-
![]() |
-
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Effective Gross Income |
$143,238
![]() |
$26.53
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Taxes |
$24,744
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$4.58
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Operating Expenses |
$8,666
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$1.60
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Total Expenses |
$33,410
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$6.19
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Net Operating Income |
$109,828
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$20.34
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,400 SF
Building Class
C
Year Built
1902
Price
$1,498,000
Price Per SF
$277.41
Cap Rate
7.33%
NOI
$109,828
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
- -
- -
- $23.63
- Modified Gross
- Oct 2025
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Cremation Society of Illinois | - | - | $23.63 | Modified Gross | Oct 2025 |
Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (88)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 14-20-110-028-0000 | Total Assessment | $124,000 |
Land Assessment | $58,125 | Annual Taxes | $24,744 ($4.58/SF) |
Improvements Assessment | $65,875 | Tax Year | 2024 Payable 2024 |