6340 N Clark Street Chicago, IL $ 2,999,000
6340 N Clark Street
$ 2,999,000
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6340 N Clark Street

Chicago, IL, 60660
$ 2,999,000
Baths0.0 Sq 14,280

Monthly Estimate*

$ 20,949

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Studio

Commercial Property for sale in Chicago, IL

for $2,999,000. This 14,280 square foot building was built in 1917 on a lot size of 0.26281.

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.

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Commercial Active

Price

$ 2,999,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 32,927

Style

Lot Size

0.26281

Year Built

1917

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11997012

Features
General
Cooling Window Unit(s)
Zoning COMMR
Year Built 1917
Electric Over 600 Amps
Tenant Pays Electricity
Stories 2
Property SubType Apts/Stores
Tax Year 2022
Gross Income 314112
County Cook
Net Operating Income 212492
Operating Expense 105013
Insurance Expense 11000
Property Type Commercial Sale Mixed Use
Status Active
Directions Property is located on the southwest corner of Clark and Devon just south of the Shell Gas Station.
City Chicago
Total Units 15
MLS Area CHI - Edgewater
Lot Size Square Feet 11448
Street Name Clark
Tax Annual Amount 32927
Electric Expense 2000
Fuel Expense 9000
Trash Expense 4056
Water Sewer Expense 11400
Additional Parcels Y/N N
Days on Market 33
Standard Status Active
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Exterior
Building Area Total 14280
Lot Dimensions 75X125
Exterior Brick
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Interior
Street Suffix Street
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* Excluded Features
List By
Horvath & Tremblay Il, Llc

Broker

jpreston@htapartments.com

Email

Affordability Calculator

$23,693
Per Month
88%
12%
0%
Monthly Principal & Interest
$20,949
Monthly Property Taxes
$2,744
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2024$2,999,000 -6.28% Price Down
3/6/2024$3,200,000 Listed Price

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6340 N Clark Street, Chicago, IL, 60660 is a Commercial Property for sale at $2,999,000 with 14,280 sqft and a lot size of 0.26281. 6340 N Clark Street is a studio with 0.0 baths and was built in 1917. The property's zip code is 60660 which is in Chicago, IL