Lakeview Mixed-Use Renovated
For Sale
Contact for pricing
3240 N Clark Street, Chicago, IL 60657
Renovated 8-unit mixed-use property in prime Lakeview location.
Property Size2,432 SF
Price / SF$717.52
Days on Market170
Property Features for 3240 N Clark Street
General Information
Standard status
Active
Size
2,432 SF
Class
B
Total Parking Spaces
4
Property subtype
Mixed Use
Zoning
B3-3
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$100,157
Building Details
Year Built
1894
Year Renovated
2017
Buildings
1
Stories
3
Units
8
Tenancy
Multi
Listing Agency:
Triton Realty Group LLC
(847) 624-6639
Listed By:
Matthew Fritzshall · License #IL 471.016941
Source:
Crexi
Added: Feb 24
Changed: Aug 8
Last Checked: Aug 11 at 7:51AM
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 Triton Realty Group LLC
Investment Insights
Based on property information with market context.
Located in the heart of Lakeview, Chicago, this renovated 8-unit mixed-use asset is situated along the Clark Street corridor. The fully occupied property features six renovated 1-bedroom/1-bathroom apartments and two commercial storefronts totaling 2,432 square feet. The property was comprehensively renovated in 2017, including updated kitchens with granite countertops and stainless steel appliances. A full roof replacement was completed in 2013, along with new gutters and downspouts. Exterior upgrades in 2022 include new face brick and modern commercial storefront windows. All units have individual central HVAC and are separately metered for gas and electric. The property includes four rear parking spaces and is located steps from the Belmont CTA station. This property is designed for operational efficiency and offers a path to a pro-forma yield through market rent adjustments.
Key Highlights
- Prime Lakeview location on the Clark Street corridor, a highly desirable retail and residential area.
- Fully occupied mixed‑use asset with six renovated 1‑bedroom apartments and two commercial storefronts.
- Comprehensive renovation in 2017 including updated kitchens with granite countertops and stainless steel appliances.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,240
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated 8-unit mixed-use property in prime Lakeview location.
Where is this mixed-use property located?
The property is located at 3240 N Clark Street Chicago, IL.
What is the asking price?
The asking price for this property is $1,745,000.
What are key features of this property?
This property features: Prime Lakeview location on the Clark Street corridor, a highly desirable retail and residential area.; Fully occupied mixed‑use asset with six renovated 1‑bedroom apartments and two commercial storefronts.; Comprehensive renovation in 2017 including **updated kitchens with granite countertops and stainless steel appliances.**
