6340 North Clark Street
$2,625,000
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Contingent
Description
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),...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!
- Listed by John Preston • Horvath & Tremblay IL, LLC
Property Details for 6340 North Clark Street
Area
CHI - Edgewater
ZoningCOMMR
LISTING UPDATED: 10/09/2024 05:17 PM
Property Details for 6340 North Clark Street
Status | Contingent |
---|---|
MLS # | 11997012 |
Days on Market | 218 |
Taxes | $33,777 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1917 |
Lot Size | 0.26 AC / 11,448 SF |
County | Cook County |
Building Information for 6340 North Clark Street
Stories2Residences15Year Built1917Lot Size0.26 AC / 11,448 SF
Property Information for 6340 North Clark Street
Property History for 6340 North Clark Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6340 North Clark Street
Taxable ValueLand$68,688Additions$91,403Total$160,091
Tax Record2022$32,928 ($2,744 / month)
Home Facts
Total Finished SqFt3,800 SqFtAbove Grade Finished SqFt3,800 SqFtStories2Lot Size11,448 SqFtStyleStoresYear Built1917CountyCOOKAPN14-06-204-015
Schools near 6340 North Clark Street
This home is within Chicago Public Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 8 | |||
Charter - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Hayt Elementary School PublicPK to 8 | ||
Senn High School Public9 to 12 | ||
Stone Elementary Scholastic Academy PublicK to 8 | ||
Chicago Math & Sci Elementary Charter Charter6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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