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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



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
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)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-20-110-028-0000 | Total Assessment | £91,803 |
| Land Assessment | £43,033 | Annual Taxes | £18,319 (£3.39/sq ft) |
| Improvements Assessment | £48,771 | Tax Year | 2024 Payable 2024 |
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
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3824 N Clark St
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