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2831 N Clark St, Chicago, IL 60657

Mixed-use building with ground-floor retail and six apartment units, including two two-bedroom units.

Property Size8,100 SF
Days on Market122

Property Features for 2831 N Clark St

General Information

Standard status Active
Size 8,100 SF
Property subtype Mixed Use

Additional Details

Traffic Count 43,000 vehicles/day
Multifamily Units 6

Amenities

kitchen appliances
in-unit laundry
updated bathrooms
shared rear deck

Building Details

Year Renovated 2021
Tenancy Multi
Listing Agency: Greenstone Partners
Listed By: Brewster Hague · License #IL 475.165689
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 11:35PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenstone Partners

Investment Insights

Based on property information with market context.

The property is an approximately 8,100-square-foot mixed-use building with one ground-floor retail tenant and six apartment units above. The residential mix includes two 2 bed / 1 bath apartments and four studio apartments. The apartment units were renovated in 2021 and feature new kitchen appliances, in-unit laundry, updated bathrooms, and a shared rear deck.

The retail tenant, Fox Training Facility, operates on a net lease structure that provides reimbursements for a portion of real estate taxes and operating expenses, along with annual rental escalations. The property is positioned near the five-way intersection of Clark, Diversey, and Broadway and at the Lakeview East / Lincoln Park border.

From a practical configuration standpoint, the building offers street-level retail space with six rental units in the same structure, providing one asset that combines active retail income with residential rental units.

Key Highlights

  • 8,100 SF mixed‑use building with ground‑floor retail plus six apartment units in Chicago’s Lakeview East
  • Retail tenant Fox Training Facility on a net lease; tenant reimburses 67% of real estate taxes and 48% of operating expenses with annual rental escalations
  • Apartment mix includes two 2 bed / 1 bath units and four studio apartments

Property Analytics

Current Use

Transform Personal Training Gym & Fitness Center Falcon Training Facility Gym & Fitness Center Macro Solutions Gym & Fitness Center Hanson Fit Health Gym & Fitness Center Be Well With ... Gym & Fitness Center

Suggested Use

Top Pick Law Firm Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store Barber Shop Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
43,000 VPD
Traffic count
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

8,639
Businesses Nearby

Demographics for 60657, IL

72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building with ground-floor retail and six apartment units, including two two-bedroom units.
Where is this mixed-use property located?
The property is located at 2831 N Clark St Chicago, IL.
What are key features of this property?
This property features: 8,100 SF mixed‑use building with ground‑floor retail plus six apartment units in Chicago’s Lakeview East; Retail tenant Fox Training Facility on a net lease; tenant reimburses 67% of real estate taxes and 48% of operating expenses with annual rental escalations; Apartment mix includes two 2 bed / 1 bath units and four studio apartments
(312) 234-0360 Call to check price and availability
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