5140 N Clark ST new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60640
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12431680
Year Built 2005
Annual Tax Amount $26,621
Tax Year 2023
Lot Dimensions 25' X 140'
Property Sub-Type Mixed Use
Property Description
Fully-stabilized mixed-use building for sale in the heart of Andersonville. Built in 2007, this fully-leased four-unit property includes four parking spaces in the rear. The building includes a 1,400 SF ground-floor retail space, now occupied by a long-standing community tenant, along with three 1,800 SF residential units above. The commercial tenant is on a Modified Gross lease with 3% annual escalations on rent. Each apartment features 3 bedrooms and 2 bathrooms, complemented by a high ceiling, modern kitchens and baths, hardwood flooring, in-unit laundry, gas fireplaces, central HVAC, individual hot water heaters, generous private decks and a private storage. Located just steps from the vibrant Clark & Foster intersection and steps from neighborhood favorite Hopleaf, the property is surrounded by a thriving mix of restaurants, cafes, and boutique retailers. Total Annual Rental Income is $205K. Don't miss the opportunity to own this income-generating asset in a premier location.
Location
State IL
County Cook
Area Chi - Uptown
Interior
Cooling Central Air
Fireplaces Number 3
Fireplace Y
Building
Dwelling Type Mixed Use
Level or Stories 4