5143 Clark StChicago, IL 60640

Property Details for 5143 Clark St

Year built

1916

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.07 AC

Property size (Sq ft)

3,243 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

14-08-301-004

APU

1408301004

Description

This exceptional mixed-use property in Chicago's Andersonville neighborhood presents a compelling investment opportunity. The three-story, 3,600 square foot building at 5143 N Clark Street boasts three units: a ground-floor commercial space occupied by a thriving pan-Asian restaurant with a lease featuring annual rent increases and renewal options, and two well-maintained, three-bedroom residential units. The building, constructed in 1916, sits on a 0.07-acre lot and enjoys 100% occupancy, generating a strong net operating income (NOI) of $78,357 and a 7.16% capitalization rate. Residents benefit from individually metered utilities (electricity, heat, and hot water). The prime location offers convenient access to public transportation, including the Argyle CTA and Ravenswood Metra stations, major bus routes, and proximity to Lake Michigan beaches. The surrounding area features a dense population with high average household incomes, and numerous national retailers. The commercial tenant's lease includes attractive annual rent increases, providing a hedge against inflation. This property offers a blend of stable income and significant upside potential in a desirable Chicago neighborhood. The property is located one block from W Foster Avenue (US Highway 41), 500 feet from N Ashland Avenue, and 0.5 miles from W Lawrence Avenue. It's also approximately 1 mile from Lake Shore Drive and 1.8 miles from Loyola University Chicago. The strong demographics within a 3-mile radius, with over 459,300 residents and an average household income exceeding $131,224, further solidify this investment's appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,210,484

  6.5%

  $1,117,370

  7%

  $1,037,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $654,721

  Geo Method

  $654,721

• Alternative Use

  Use

  Valuation

  Residential

  $1,117,370

  Hospitality

  $1,023,505

  Educational

  $851,544

  Medical

  $880,830

  Retail

  $1,324,624

Location Insight

City

Chicago

County

Cook

State

Illinois

Latitude

41.9757

Longitude

-87.668

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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