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5140 N Clark St
Chicago, IL 60640
Retail Property For Sale


Investment Highlights
- Fully-stabilized mixed-use building in the heart of Andersonville
- 1 commercial space with 3% annual rent increases
- Four parking spaces in rear
- Fully Leased with total annual rental income $205K
- 3 3bed/2ba apartments
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,917 SF
Building Class
C
Year Built
1901
Price
$2,942,899 CAD
Price Per SF
$497.36 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.70
Lot Size
0.08 AC
Zoning
B3-2
Parking
3 Spaces (0.51 Spaces per 1,000 SF Leased)
Frontage
30’ on N Clark St
Amenities
- Bus Line
Property Taxes
| Parcel Number | 14-08-300-017-0000 | Improvements Assessment | $117,990 CAD |
| Land Assessment | $46,708 CAD | Total Assessment | $164,698 CAD |
Property Taxes
Parcel Number
14-08-300-017-0000
Land Assessment
$46,708 CAD
Improvements Assessment
$117,990 CAD
Total Assessment
$164,698 CAD
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