Chicago, IL 60660 6340 N Clark Street

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Presented By: Horvath & Tremblay IL, LLC
  • MLS# 11997012
  • 03/05/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
  • SQFT • 12,000

Home Details

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!
Presented By: Horvath & Tremblay IL, LLC

General for 6340 N Clark Street

Additional Parcels Y/NNo
CityChicago
CoolingWindow Unit(s)
CountyCook
Days on Market134
DirectionsProperty is located on the southwest corner of Clark and Devon, just south of the Shell Gas Station.
ElectricOver 600 Amps
Electric Expense1500
Fuel Expense9000
Gross Income316140
Insurance Expense18228
Lot Size Square Feet11448
MLS AreaCHI - Edgewater
Net Operating Income210314
NumberOfUnitsTotal15
Operating Expense108797
Property SubTypeApts/Stores
Property TypeCommercial Sale
Property TypeMixed Use
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount33777
Tax Year2023
Tenant PaysElectricity
Trash Expense4056
Water Sewer Expense9900
Year Built1917
ZoningCOMMR

Exterior for 6340 N Clark Street

Building Area Total12000
ExteriorBrick
Lot Dimensions75X125

Additional Details

Price History

Worth Clark

Price $2,625,000
MLS#11997012
List Date 03/05/2024
Property Type Commercial
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