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5668 N Clark Street

Chicago, IL 60660
  • $1,000,000
  • STATUS: Active
  • ON SITE: 90 Days
  • MLS #: 11209260
UPDATED: 212 min ago
$1,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1913
County:

School Ratings & Info

Description

Wonderful opportunity to acquire an impeccably maintained two-story brick and limestone building in Chicago's flourishing Andersonville neighborhood. This mixed use property is 100% leased and boasts numerous upgrades, (including the roof, exterior facade and in-unit improvements), making this asset a real gem with immense upside and growth potential. The four unit property offers a mix of both commercial and residential with exposure on both Clark Street (5668) and Ashland Avenue (5709). The Clark Street side has a commercial storefront on the ground level and a three bedroom residential unit on the 2nd level. The Ashland side has a storefront/one bedroom residential unit at street level with a two bedroom residential unit above. While fully occupied with quality tenants, the current rents are well below market, making this offering a real investment opportunity for a savvy investor or developer. The surrounding area is home to a diverse, strong rooted community, complete with beautiful residential tree lined streets, parks, the lakefront, as well as a thriving retail, restaurant and nightlife presence. With high traffic volume (both by foot and vehicle) and easy access to public transportation (Red Line, Clark and Ashland buses), this property has unlimited possibilities for the future.

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© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-03T23:58:51.28 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5668 N Clark Street Chicago, IL 60660

  • Price: $1,000,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 212 min ago
  • MLS #: 11209260
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1913
Built
Neighborhood:
Chi - Edgewater
County:
Cook
Area:
Chi - Edgewater
Property Description
Wonderful opportunity to acquire an impeccably maintained two-story brick and limestone building in Chicago's flourishing Andersonville neighborhood. This mixed use property is 100% leased and boasts numerous upgrades, (including the roof, exterior facade and in-unit improvements), making this asset a real gem with immense upside and growth potential. The four unit property offers a mix of both commercial and residential with exposure on both Clark Street (5668) and Ashland Avenue (5709). The Clark Street side has a commercial storefront on the ground level and a three bedroom residential unit on the 2nd level. The Ashland side has a storefront/one bedroom residential unit at street level with a two bedroom residential unit above. While fully occupied with quality tenants, the current rents are well below market, making this offering a real investment opportunity for a savvy investor or developer. The surrounding area is home to a diverse, strong rooted community, complete with beautiful residential tree lined streets, parks, the lakefront, as well as a thriving retail, restaurant and nightlife presence. With high traffic volume (both by foot and vehicle) and easy access to public transportation (Red Line, Clark and Ashland buses), this property has unlimited possibilities for the future.
Exterior Features

Exterior Building Type Brick Parking Total 0

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas Number Of Dryers 1 Number Of Ranges 3 Number Of Washers 1

Property Features

Additional Parcels YN No Approximate Age 36-50 Years Built Before1978 YN Yes Electric Circuit Breakers Fire Protection Carbon Monoxide Detector(S) Geographic Locale Chicago North Gross Income 63720 Gross Scheduled Income 63720 Insurance Expense 2700 Net Operating Income 57516 Operating Expense 6204 Ownership Types Individual Rental Price 0 Tax Annual Amount 9407.41 Tax Year 2020 Tenant Pays Air ConditioningElectricityHeat Total Monthly Income 5310 Township Lake View Type Mixed Use Zoning Commr

Listing information © 2021 Midwest Real Estate Data LLC.
Listing provided courtesy of Val Realty & Mgmt Co, Inc.


© 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Carolyn and Hillary Homes | Charles Rutenberg Realty. Based on information submitted to the MRED as of 2021-12-03T23:58:51.28 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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