Properties

Features
: Window Unit(s)
Address Map
US
IL
Cook
Chicago
60660
Clark
6340
Street
W88° 30' 14.2''
N41° 40' 44''
Property is located on the southwest corner of Clark and Devon, just south of the Shell Gas Station.
CHI - Edgewater
N
COMMR
Additional Information
12000
Over 600 Amps
75X125
15
2850000
2
Horvath & Tremblay IL, LLC
John Preston
Financial
33777
Listing Information
896543
87527
Contingent
2024-10-09T22:17:01Z
MRED
2024-10-09T21:53:33Z
Property Description

6334-40 North Clark Street is a 2-story mixed-use investment property with three (3) street level retail units, leased by Gracie O’Malley’s, a popular Chicago Bar with three downtown locations (Edgewater, Wicker Park, and Six Corners), Sauce and Bread Kitchen (SBK), and Co-op Sauce. Sauce and Bread Kitchen (SBK) owns and operates Co-op Sauce and the two adjacent suites are on the same lease. The apartments are comprised of twelve (12) residential units consisting of one (1) Studio unit, five (5), 1-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom units, two (2), 3-Bedroom/2 Bathroom units, and one (1), 4-Bedroom/2-Bathroom unit. The Property also features a detached four bay garage, which can generate additional revenue. The property benefits from rehabbed commercial spaces, updated plumbing and electric, and a brand new tear off completed in 2024. With strong commercial tenants and 100% occupancy on the apartments, this stable investment presents plenty of additional upside. At a current 8.01% cap rate, the income on this property will allow a buyer to generate a phenomenal return from day one. Bring your clients to check it out!

Commercial Sale For Sale

6340 N Clark Street, Chicago, Illinois 60660

$2,625,000
Listing ID#11997012
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Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 11997012
Price : $2,625,000
Year Built : 1917
Listing Status : Active Under Contract
Property Sub Type : Apts/Stores
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