Share This Listing

Message

963 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the agent for more information about this property

3824 N Clark St 5,400 sq ft 100% Let Retail Property Chicago, IL 60613 £1,109,044 (£205.38/sq ft) 7.33% Net Initial Yield

Save this listing!

Favourite this listing to get notified of price updates, new media and more

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 sq ft
Gross Rental Income £91,298 £16.91
Other Income £14,748 £2.73
Vacancy Loss - -
Effective Gross Income £106,046 £19.64
Taxes £18,319 £3.39
Operating Expenses £6,416 £1.19
Total Expenses £24,735 £4.58
Net Operating Income £81,311 £15.06

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual £91,298
Annual Per sq ft £16.91
Other Income
Annual £14,748
Annual Per sq ft £2.73
Vacancy Loss
Annual -
Annual Per sq ft -
Effective Gross Income
Annual £106,046
Annual Per sq ft £19.64
Taxes
Annual £18,319
Annual Per sq ft £3.39
Operating Expenses
Annual £6,416
Annual Per sq ft £1.19
Total Expenses
Annual £24,735
Annual Per sq ft £4.58
Net Operating Income
Annual £81,311
Annual Per sq ft £15.06

PROPERTY FACTS Under Offer

Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Residential
Property Size
5,400 sq ft
Costar Property Class
C
Year Built
1902
Price
£1,109,044
Price per sq ft
£205.38
Yield
7.33%
NOI
£81,311
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.77
Total Plot Size
0.07 ac
Use Class
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 sq ft Leased)
Frontage
25 ft on Clark St

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • sq ft OCCUPIED
  • RENT/sq ft
  • LEASE TYPE
  • LEASE END
  • Cremation Society of Illinois
  • -
  • -
  • £17.49
  • Modified Gross
  • Oct 2025
TENANT INDUSTRY sq ft OCCUPIED RENT/sq ft LEASE TYPE LEASE END
Cremation Society of Illinois - - £17.49 Modified Gross Oct 2025
Walk Score®
Excellent pedestrian access (90)
Transit Score®
Excellent Public Transport (79)
Bike Score®
Good for cycling (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

Bank of America
Old National Bank
Starbucks
Jewel-Osco
Capital One
SoulCycle
StretchLab
Noodles & Company
UFC Gym
PNC Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-20-110-028-0000
Land Assessment
£43,033
Improvements Assessment
£48,771
Total Assessment
£91,803
Annual Taxes
£18,319 (£3.39/sq ft)
Tax Year
2024 Payable 2024
  • Listing ID: 32896290

  • Date on Market: 20/08/2024

  • Last Updated:

  • Address: 3824 N Clark St, Chicago, IL 60613

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}