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    5140 N Clark St Chicago, IL 60640

    For Sale
    $2,150,000

    Fully-leased mixed-use building in prime Andersonville location.

    Property Features for 5140 N Clark St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2005

    Source: STRAUSS REALTY LTD Agent CRAIG WOLF

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Andersonville Mixed-Use Investment Opportunity

    Located in the heart of Andersonville, this fully-stabilized mixed-use building, constructed in 2007, presents an investment opportunity. The property is fully leased and includes four parking spaces at the rear. It features a 1,400 square foot ground-floor retail space occupied by a long-standing community tenant, operating under a Modified Gross lease with 3% annual rent escalations. Above the retail space are three residential units, each offering 1,800 square feet of living space with 3 bedrooms and 2 bathrooms. The apartments are equipped with high ceilings, modern kitchens and bathrooms, hardwood flooring, in-unit laundry, gas fireplaces, central HVAC, individual hot water heaters, generous private decks, and private storage. Situated steps from the Clark and Foster intersection and Hopleaf, the property benefits from a location surrounded by restaurants, cafes, and boutique retailers. The total annual rental income is $205,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Uncharted Books Book Store Bret L Taylor ... Interior Designer ParkChicago #491110 Public Parking Space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6685813
    Latitude
    41.9756024

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    FAQs

    What type of property is this?
    Mixed-use property - Fully-leased mixed-use building in prime Andersonville location.
    Where is this mixed-use property located?
    The property is located at 5140 N Clark St Chicago, IL.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: - Premier Andersonville location, steps from Clark/Foster intersection and popular amenities.; - Fully leased, income-generating property with $205K total annual rental income.; - Four-unit mixed-use building featuring a commercial space and three residential units.
    (773) 736-3600
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5140 N Clark St Chicago, IL 60640
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