$2,999,000
6340 N Clark Street
Chicago, IL, 60660
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.
Property Details
Price:
$2,999,000
MLS #:
MRD11997012
Status:
Active
Beds:
0
Baths:
0
Address:
6340 N Clark Street
Type:
Commercial
Subtype:
Apts/Stores
City:
Chicago
Listed Date:
Mar 5, 2024
State:
IL
Finished Sq Ft:
14,280
ZIP:
60660
Year Built:
1917
Schools
Interior
Cooling
Window Unit(s)
Exterior
Financial
Buyer Agent Compensation
AS A PERCENTAGE OF THE NET SALE PRICE. THE NET SALE PRICE IS THE GROSS SALE PRICE MINUS AMOUNTS TO BE CREDITED OR PAID TO THE BUYER, AS REFLECTED IN THE INITIAL SALES CONTRACT. FOR COMMERCIAL LEASE PROPERTIES, NET COMPENSATION MAY BE PAID ON NEGOTIATED VARIABLES AS INDICATED IN THE COMPENSATION/COMMISSION AGREEMENT.Net Sale Price
Tax Year
2022
Taxes
$32,927
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
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