3240 N Clark ST Chicago, IL 60657

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12580703

Year Built 1898

Annual Tax Amount $28,872

Tax Year 2024

Lot Dimensions 25x150

Property Sub-Type Mixed Use

Property Description

Renovated 8-unit mixed-use asset in the heart of Lakeview-one of Chicago's most sought-after retail and residential corridor along the Clark Street corridor. This fully occupied asset consists of six renovated 1-bedroom/1-bathroom apartments and two high-visibility commercial storefronts totaling 2,457 SF. The property underwent a comprehensive renovation in 2017, including updated kitchens with granite countertops and SS appliances, plus a full roof replacement (2013) and new gutters/downspouts. Significant 2022 exterior upgrades include new face brick and modern commercial storefront windows. Designed for operational efficiency, all units feature individual central HVAC and are separately metered for gas and electric. With four rear parking spaces and a prime location just steps from the Belmont CTA station, this property offers both immediate stability and a clear path to a $126,800 pro-forma NOI through market rent adjustments.

Location

State IL

County Cook

Area Chi - Lake View

Interior

Cooling Central Individual

Fireplace N

Building

Dwelling Type Mixed Use

Structure Type Brick,Vinyl Siding

Listed by Matthew Fritzshall of Triton Realty Group LLC

Nearby School & Business

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106