3341 N Clark St - Multi-Family FOR SALE


Chicago, IL 60657- Lakeview
$5,250,000 USD
312-848-6682
3341 N Clark St, Chicago, IL for Sale
$5,250,000 USD
Multi-Family - FOR SALE
1/36
null | 6.36% Cap Rate

3341 N Clark St
Chicago, IL 60657
Lakeview


HIGHLIGHTS

  • Newer Construction Mixed-Use Asset in Dynamic Wrigleyville Location
  • Luxury Finishes in Apartment Units w/ Individual HVAC and In-Unit Laundry
  • Retail Leased to Popular Local Restaurant and Bar through 2032
  • Surface Parking Lot Provides Additional Income

OVERVIEW

Interra Realty has been exclusively engaged to market 3341-43 N. Clark Street for sale. The property is a newer construction mixed-use asset with luxury apartments over ground floor and basement level retail. The apartments feature a mix of one, two, and three bedroom layouts, all with luxury finishes, individual HVAC and in-unit laundry. There is parking in the rear of the property, which accommodates 9 cars for additional income. The retail space is net leased to Lowcountry, a popular and well-reviewed seafood boil restaurant and bar. Lowcountry has additional locations in the South Loop, Chinatown, Merrillville, IN and Milwaukee, WI. Their lease goes through March 31, 2032 with annual scheduled increases. Tenancy has been occupied by the same operator since 2010. A qualified investor has the opportunity to acquire a newer construction mixed-use asset in one of Chicago's most popular and dynamic neighborhoods. The property offers diversified revenue streams and is being offered for sale free-and-clear of existing debt.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

9

PRICE/UNIT

$583,333

CAP RATE

6.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1904

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,250 SF

ZONING

B3-3

APN/PARCEL ID

14-20-419-005-0000

ASK ABOUT THIS PROPERTY

Joe SmazalInterra RealtyMore Info
312-848-6682

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Joe SmazalInterra RealtyMore Info
312-848-6682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.