Joseph Smazal - Commercial Real Estate Showcase

Joseph Smazal Property Listings
Managing Partner
Interra Realty
640 N LaSalle St
Suite 200
Chicago, IL 60654

2246 N Clark Street

Chicago, IL 60614-3969 - Lincoln Park Submarket

(99.8 KB)

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:1898
Building Size:4,050 SF Land Area:.05 AC (2,100 SF)
For Sale Price:$1,700,000 Price/SF:$419.75
Cap Rate:6.40 %
Parking:Ratio of .22/1,000 SF

Property consists of 2 commercial spaces (one on the garden level and another on the 1st level) and one 2BD/1BA apartment each on the 2nd and 3rd floor.

Each unit is individually metered with individual HVAC.

Sale Notes:
Interra Realty has been exclusively engaged to market 2246 North Clark Street, Chicago, for sale. The subject investment property is a four unit mixed-use building located in a prime Lincoln Park location. This high-street appeal vintage building features two commercial spaces (garden and first level) and two extremely high-end apartment units above (second and third floors).

The apartments were renovated and professionally designed with high-end and contemporary finishes, and have been furnished to match. All apartment furnishings are included with the sale of 2246 N. Clark. The units are typically rented as short-term furnished housing (2246 N. Clark has two City of Chicago vacation rental licenses) through Bangtel, a locally-based vacation rental management company, but have been rented for up to six months at a time, at up to $7,500 per month per unit. There are two parking spaces in the rear of the property. In addition to the recent apartment renovation, the building recently received new porches.

Interra Realty
Brad Feldman
(312) 477-0195

Adam Saxon
(312) 361-3140

Joseph Smazal
(312) 477-0194

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