3824 Clark StChicago, IL 60613

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.