3824 N Clark St
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3824 N Clark St
5,400 SF 100% Leased Retail Building Chicago, IL 60613 $1,548,000 ($287/SF) 7.09% 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.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,318
|
$22.84
|
| Other Income |
$19,920
|
$3.69
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$143,238
|
$26.53
|
| Taxes |
$24,744
|
$4.58
|
| Operating Expenses |
$8,666
|
$1.60
|
| Total Expenses |
$33,410
|
$6.19
|
| Net Operating Income |
$109,828
|
$20.34
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $123,318 |
| Annual Per SF | $22.84 |
| Other Income | |
|---|---|
| Annual | $19,920 |
| Annual Per SF | $3.69 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $143,238 |
| Annual Per SF | $26.53 |
| Taxes | |
|---|---|
| Annual | $24,744 |
| Annual Per SF | $4.58 |
| Operating Expenses | |
|---|---|
| Annual | $8,666 |
| Annual Per SF | $1.60 |
| Total Expenses | |
|---|---|
| Annual | $33,410 |
| Annual Per SF | $6.19 |
| Net Operating Income | |
|---|---|
| Annual | $109,828 |
| Annual Per SF | $20.34 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,400 SF
Building Class
C
Year Built
1902
Price
$1,548,000
Price Per SF
$287
Cap Rate
7.09%
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 FT on Clark St
Amenities
- Signage
Walk Score ®
Walker's Paradise (91)
Transit Score ®
Excellent Transit (78)
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 |
PROPERTY TAXES
Parcel Number
14-20-110-028-0000
Land Assessment
$58,125
Improvements Assessment
$65,875
Total Assessment
$124,000
Annual Taxes
$24,744 ($4.58/SF)
Tax Year
2024 Payable 2024
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3824 N Clark St
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