Property profile & analytics
3824 Clark St Chicago, IL 60613-7468
- Residential income homes
- 4,686 SF
- 0.07 lot acres
OFF-MARKET
Value Estimations
$885,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US28-0039004
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Cremation Society of Illinois / Cremation Service
- 1Body1life / Medical Clinic
- Alice N Oz / Clothing & Fashion Store
Property Details for 3824 Clark St
- Year built
- 1905
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.07 lot acres
- Property size
- 4,686 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
- APN
- 14-20-110-028
- APU
- 1420110028
Description
This exceptional mixed-use property at 3824 N Clark Street in Chicago's vibrant Wrigleyville offers a compelling investment opportunity. The Class A building, constructed in 1903 and extensively renovated in 2016, boasts 4,686 square feet across three stories and sits on a 3,125 square foot lot. The property features a diverse tenant mix including a ground floor commercial storefront, a basement storage unit, and two fully occupied, beautifully renovated three-bedroom, two-bathroom residential units. These residential units are currently leased to an Airbnb management company, ensuring consistent income. Modern amenities in the residential units include stainless steel appliances, granite countertops, hardwood floors, and in-unit laundry. Building features include central air conditioning, a large rear porch, and updated electrical and plumbing systems. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $109,828 and a 7.09% cap rate. Additional revenue streams are in place from a leased billboard and Spot Hero parking spaces (5 spaces total). Conveniently located just blocks from the Red Line "L" train and a short walk to Wrigley Field, this property benefits from excellent transit access and proximity to a highly desirable neighborhood. The property is zoned B3-2 and offers annual rent bumps. This is a rare chance to acquire a core investment property in one of Chicago's most sought-after areas.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,300,000
- 6.5%
- $1,200,000
- 7%
- $1,115,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $620,000
Market price range: $491k - $962k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chicago
- County
- Cook
- State
- Illinois
- Longitude
- -87.6605
- Latitude
- 41.9517
- 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
$25,734
$46,875
$73,945
$120,820
-
$468,750
$739,450
$1,208,200
