3240 N Clark Street, Chicago, IL

$1,745,000

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About 3240 N Clark Street

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.

Features of 3240 N Clark Street

MLS® # 12580703
Price $1,745,000
Bathrooms 0.00
Year Built 1898
Type Commercial Sale
Sub-Type Mixed Use
Status Active

Community Information

Address 3240 N Clark Street
Area CHI - Lake View
City Chicago
County Cook
State IL
Zip Code 60657

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Individual
Fireplace No
Has Basement No

Exterior

Exterior Brick, Vinyl Siding

Additional Information

Days on Market 89
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeTriton Realty Group LLC

Listing Map

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