4513 N Clark St - Apartments FOR SALE


Chicago, IL 60640- Uptown Chicago
$22,500,000 USD
847-691-7800
4513 N Clark St, Chicago, IL for Sale
$22,500,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

4513 N Clark St
Chicago, IL 60640
Uptown Chicago


HIGHLIGHTS

  • Luxury New Construction Building Completed in 2024
  • 56 Luxury Apartments & One Ground Floor Commercial Space Anchored by the Black Ensemble Theatre (BET)
  • Apartments Feature Luxury Finishes Including Custom European Cabinetry, Quartz Countertops, In-Unit Laundry, Individual HVAC & Tankless Water Heaters

OVERVIEW

Harmony Apartments is a newly delivered, mixed-use asset located at 4513 North Clark Street in Chicago’s thriving Sheridan Park neighborhood. Completed in 2024, the building consists of 56 thoughtfully designed luxury apartments with a modern mix of studios, one, and two-bedroom layouts. Each unit features high-end finishes including hardwood flooring, quartz countertops, custom cabinetry, stainless steel appliances, designer tile, in-unit laundry, and individually controlled HVAC & tankless water heaters. Many units offer private outdoor space and kitchen islands, enhancing livability. Residents enjoy premium building amenities such as a rooftop deck with panoramic city views, a contemporary lobby, heated garage parking, secure bike storage, tenant storage lockers and elevator access. The ground floor is anchored by a 4,764 SF commercial condominium leased to the Black Ensemble Theater (BET), a nationally acclaimed cultural institution led by visionary founder Jackie Taylor. BET is more than just a tenant, it’s the anchor of the forthcoming Free To Be Village, a transformational development, 1 block from Harmony Apartments, that will bring a Performing Arts Education Center, affordable artist housing, and neighborhood-serving retail to the corridor. Harmony’s location offers the best of both connectivity and culture. Just blocks from the CTA Wilson and Montrose “L” stations, the Ravenswood Metra stop, and major bus lines, with Lake Shore Drive minutes away, residents enjoy easy access to downtown and the broader metro area. Residents are surrounded by a vibrant mix of lifestyle amenities, including Montrose Beach, Lake Michigan, Chicago’s premier music and theater venues, the Andersonville and Ravenswood shopping districts, and iconic Wrigley Field. For investors seeking strong in-place income, new construction, and long-term upside in a growing neighborhood, Harmony Apartments offers a compelling opportunity. With its high-quality design, mission-driven commercial tenant, and prime Sheridan Park location, the property checks all the boxes for a stable, low-maintenance asset with future appreciation potential.

FOR SALE DETAILS

PRICE

$22,500,000 USD

PRICE/SF

$443 USD /SF

# OF UNITS

57

PRICE/UNIT

$394,737

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harmony Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

14-17-114-010-0000,14-17-114-011-0000,14-17-114-012-0000,14-17-114-036-0000,14-17-114-037-0000

ASK ABOUT THIS PROPERTY

Rick OfmanEssex Realty Group, LLCMore Info
847-691-7800

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Rick OfmanEssex Realty Group, LLCMore Info
847-691-7800

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