5143 Clark StChicago, IL 60640
3-Unit Building, 7.16% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Three-story, 3,600 sq ft mixed-use building in Chicago's Andersonville neighborhood with a thriving pan-Asian restaurant on the ground floor and two 3-bedroom residential units.
- Strong net operating income (NOI) of $78,357 and a 7.16% capitalization rate with 100% occupancy.
- Ground floor commercial tenant has a lease with annual rent increases and renewal options, providing a hedge against inflation.
- Well-maintained residential units with individually metered utilities (electricity, heat, and hot water).
- Excellent location near public transportation (CTA, Metra, bus routes), Lake Michigan, and major commercial corridors (Foster Ave, Ashland Ave, Lawrence Ave).
- Strong demographics: over 459,300 residents within a 3-mile radius with an average household income exceeding $131,224.
Property Details for 5143 Clark St
- Property type
- Retail properties, Restaurants
- Square Feet
- 3,600 SF
- Year Built
- 1916
- Buildings
- 1
- Stories
- 3
- Lot Size (sq. ft)
- 3,049 SF
- Units
- 3
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.9756168
- Longitude
- -87.6678801
Nearby Similar for Sale
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