3135 N Clifton Avenue
Chicago, IL, 60657 $ 2,499,000
Bedrooms7 Baths0.0 Sq 7,975 Monthly Estimate*
$ 15,591
for $2,499,000 with 7 bedrooms. This 7,975 square foot home was built in 1884.
3135 N. Clifton Ave., a multi-family apartment property ideally located in Chicago's highly desirable Lakeview neighborhood. The property, which consists of five (5) large apartments, sits on an extra-wide 36-foot lot, and has a unit mix of three (3) 3 Bd/2 Ba simplex apartments, one (1) 2 Bd/2.5 Ba Coach House, and one (1) 2 Bd/1 Ba Garden. The front building was extensively renovated, and the Coach House was newly constructed, both around the year 2000. Residences feature modern interior finishes, including hardwood flooring, updated kitchens and baths, dishwashers, and central heating and cooling. Building improvements include copper plumbing, updated electrical, and individual hot water tanks. Additional amenities include coin-operated laundry in the front building and in-unit laundry in the Coach House, private balconies, a three-car garage, and three exterior tandem parking spaces. Upside potential can be achieved through targeted unit upgrades and the addition of in-unit laundry in the four front units, driving higher rental revenue and strengthening tenant appeal. Nestled on a quiet tree-lined street, just south of Belmont Avenue, 3135 N. Clifton Ave. places residents in the heart of Lakeview-one of Chicago's premier neighborhoods. The property is surrounded by vibrant retail, fitness studios, salons, and dining along Sheffield and Southport Avenues, with the Belmont and Wellington CTA stations just blocks away. Lake Shore Drive, Diversey Harbor, and other recreational attractions are only a mile east, while Wrigley Field and the neighborhood's dynamic mix of restaurants, boutiques, and entertainment further enhance its unmatched appeal. In addition, the property is located within a highly regarded school district, allowing attendance to Harriet Tubman Elementary School and Lincoln Park High School. Property Owner is a licensed broker in Illinois.
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FeaturesGeneralCooling Central Individual
Possession Closing Negotiable
Construction Materials Stone
Year Built 1884
Stories Count 3
Township Lake View
Tax Year 2023
Current Use Multi-Family
Gross Income 220800
County Cook
Net Operating Income 154708
Operating Expense 59379
Insurance Expense 4902
Property Type Commercial Sale Multi Family 5+
Contingency Attorney/Inspection
MaintenanceExpense 2500
Status Contingent
Directions from N Halsted St & W Belmont Ave head West on W Belmont Ave and turn left onto Clifton Ave.
City Chicago
Number Of Units Total 5
MLS Area CHI - Lake View
Tax Annual Amount 31911
Electric Expense 881
Fuel Expense 1335
Trash Expense 2419
Water Sewer Expense 2228
Additional Parcels Y/N N
Standard Status Active Under Contract
Cap Rate 6.19
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ExteriorBuilding Area Total 7975
Lot Dimensions 36' x 125'
Frontage Type City Street
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* Excluded FeaturesList ByNiko@nikocollab.com;niko@essex312.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $15,591
- Monthly Property Taxes
- $2,659
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% 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.
Learn more about how to save NearbyMulti-family listings in Chicago, IL
Average List Price $615,846
Percent of Sale Price 75%
About Chicago, IL 2,755,380 Population
-4% Since 2002
$ 53,088 Median Income
36.07 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/29/2025 | $2,499,000 | | Listed Price |