3801 N Clark Street
Chicago, IL 60613

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Description

Prominent mixed-use corner property featuring five residential apartments above approximately 5,200 square feet of restaurant build-out, with an additional commercial storefront currently operating as a cookie shop. Positioned at the high-visibility intersection of Clark St. and Grace St., just a few blocks from historic Wrigley Field, this asset benefits from strong foot traffic, established neighborhood retail, and consistent demand for both residential and commercial space.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60613
• Year Built: 1911
• Sq.Ft.: 11,168 sq ft
• Stories: 2
• Units: 7 units
• Zoning: COMMR
• # Of Apts: 5
• # Of Dishwashers: 5
• # Of Dryers: 5
• # Of Ranges: 5
• # Of Refrigs: 5
• # Of Stores: 2
• # Of Tenants: 7
• # Of Washers: 5
• Approximate Age: New Rehab
• Building Area Total: 11168
• Built Before 1978 (Y/N): Yes
• Cap Rate: 6.42
• Construction Materials: Brick
• Cooling: Central Air, Central Individual
• Directions: North on Clark street untill you get to the corner of Clark and Grace
• Electric: Circuit Breakers, Service - 201 to 600 Amps
• Electric Expense: 1200
• Electric Expense Source: Broker Projection
• Expense Year: 2026
• Flooring: Wood
• Fuel Expense Source: Actual
• Geographic Locale: Chicago North
• Gross Income: 324937
• Gross Rent Multiplier: 12.2
• Gross Scheduled Income: 330250
• Heat/Ventilation: Central Heat/Indiv Controls, Forced Air, Gas
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 2837
• Insurance Expense Source: Actual
• Location: Corner, Mixed Use Area, Public Transport Avail, In City Limits, High Traffic Area
• Lot Size Square Feet: 6884
• Main Type: Commercial Sale
• Misc Inside: Multi-Tenant, Private Restroom/s, Public Restroom/s, Basement
• Misc Outside: Balcony/ies, Patio
• Operating Expense: 46339
• Original Rental Price: 357
• Other Expense: 11950
• Other Expense Source: Combination
• Ownership Type: Limited Partnership
• Property Sub Type: Mixed Use
• Rental Price: 357
• Retail SqFt: 5435
• Roof Structure: Flat
• Tax Annual Amount: 46883
• Tax Year: 2024
• Tenant Pays: Air Conditioning, Electricity, Heat, Sewer, Varies by Tenant
• Total Annual Expense Source: Combination
• Total Monthly Income: 28978
• Township: Lake View
• Trash Expense: 6450
• Trash Expense Source: Combination
• Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available
• Water Expense Source: Combination
• Water Sewer Expense: 6450
• Water Source: Municipal Water