3473 Clark StChicago, IL 60657
- Other commercial real estate
- 7,950 SF
For Sale
$25,000,000
View listing
Property Details for 3473 Clark St
- Year built
- 1899
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 7,950 SF
- Property type
- Other commercial real estate
- APN
- 14-20-403-057
- APU
- 1420403057
Description
This exceptional 4-story Chicago hotel boasts 15,000 rentable square feet, 47 keys, and a prime location near Wrigley Field but not directly on top of it. Completely renovated in 2017 and 2018, the property features 21 units, each fully furnished and offering special amenities. The building benefits from abundant natural light with windows on 3.5 sides and tall ceilings. A first-floor restaurant lease adds to the income stream. The property includes a double lot, plus a contiguous 3,450 square foot double lot to the south, offering significant expansion potential. The permitted zoning is B3-5. The current annual net operating income is $853,613. The asking price is $25,000,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $2,924,382
- Hospitality
- $2,678,718
- Educational
- $2,228,662
- Medical
- $2,305,309
- Retail
- $3,466,808
3473 Clark St, Chicago, Illinois
Location Insight
- City
- Chicago
- County
- Cook
- State
- Illinois
- Latitude
- 41.9454
- Longitude
- -87.6548
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$33,908
$153,737
$5,460
$159,197
-
$614,948
$21,840
$636,788
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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