5028 Clark Street

    Chicago, IL 60640
    • $1,400,000
    • STATUS: Active
    • ON SITE: 9 days
    • MLS #: 10447338
    UPDATED: 53 min ago
    $1,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,500
      SQFT
    • $187
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1898
    County:
    Area:

    School Ratings & Info

    Description

    This 2-unit building is on a prime corner lot with excellent exposure in HOT Andersonville! A 3,000 sqft commercial unit is rented through Aug '25. Modified-gross lease at $5,000/month has strong annual increases + $40/mth for water. Tenant is nation's largest comic book retailer. A massive 3,500 sqft, 5-bed, 3-bath apartment occupies the top two floors. The home features a large chef's kitchen that opens to a two-story family room with fireplace; separate living and dining room-ideal for entertaining! Don't miss the over-sized balcony and rooftop deck that overlook a private yard. A lux master suite, in-unit laundry, den/office, central HVAC and 2-car garage + 2 ext spaces. Strong rent at $5,000/month. Half the basement is currently used as storage for the apartment; could be finished & rented as storage, studio, or small office for an est $400/mth. Zoned C1-2. Building sits on half of lot and there is potential to build on approx 25' x 90'. Total turnkey building w/ CAP rate over 7%!

    Monthly Payment Calculator



    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2019-07-20T23:50:44.657 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
    www.johnlyonsrealestate.com/homes/96780290

    5028 Clark Street Chicago, IL 60640

    • Price: $1,400,000
    • Status: Active
    • Updated: 53 min ago
    • MLS #: 10447338
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,500
    SQFT
    $187
    $/SQFT
    1898
    Built
    Neighborhood:
    Chi - Uptown
    County:
    Cook
    Area:
    Chi - Uptown
    Property Description
    This 2-unit building is on a prime corner lot with excellent exposure in HOT Andersonville! A 3,000 sqft commercial unit is rented through Aug '25. Modified-gross lease at $5,000/month has strong annual increases + $40/mth for water. Tenant is nation's largest comic book retailer. A massive 3,500 sqft, 5-bed, 3-bath apartment occupies the top two floors. The home features a large chef's kitchen that opens to a two-story family room with fireplace; separate living and dining room-ideal for entertaining! Don't miss the over-sized balcony and rooftop deck that overlook a private yard. A lux master suite, in-unit laundry, den/office, central HVAC and 2-car garage + 2 ext spaces. Strong rent at $5,000/month. Half the basement is currently used as storage for the apartment; could be finished & rented as storage, studio, or small office for an est $400/mth. Zoned C1-2. Building sits on half of lot and there is potential to build on approx 25' x 90'. Total turnkey building w/ CAP rate over 7%!
    Exterior Features

    Construction Wood Frame Frontage Access City Street Location Central Business DistrictCorner Lot Dimensions 53 X 95 Lot Sq Ft 5035 Number Of Parking Spaces 4

    Interior Features

    Air Conditioning Central Air Fire Protection None Floor Finish Wood Indoor Parking 1-5 SpacesDetached Miscellaneous Inside Private Restroom/SSkylight/SStorage InsideBasementLaundry Room Number Of Apts 1 Number Of Dishwashers 1 Number Of Disposals 1 Number Of Dryers 1 Number Of Fireplaces 1 Number Of Offices 0 Number Of Ranges 1 Number Of Refrigs 1 Number Of Stores 1 Number Of Stories 3 Number Of Washers 1 Outdoor Parking 1-5 SpacesLightedOpenPaved

    Property Features

    Age Older Built Before1978 YN Yes Current Use Commercial Electrical Service Separate Meters Electricity Expense 0 Expense Year 2018 Exterior Building Type Frame Fuel Expense 0 Geographic Locale Chicago North Gross Rental Income Amount 120480 Heat Ventilation Forced AirGas Insurance Expense 3600 Insurance Expense Source Owner Projection Lease Type Modified Gross Miscellaneous Outside Balcony/IesSun Deck Net Oper Income Amount 10048 Net Operating Income Year 2018 Number Of Tenants 1 Number Of Window Ac 0 Other Expenses 0 Owners Assoc YN No Possession Closing Rental Price 0 Sale Terms Conventional Tax Year 2017 Taxes 15434 Tenant Pays Air ConditioningElectricHeatWater/Sewer Total Annual Exp 4560 Total Annual Expense Source Owner Projection Total Annual Income 120480 Total Monthly Income 8540 Township Lake View Unincorporated YN No Utilities To Site Electric To SiteGas To SiteSanitary Sewer To SiteWater-MunicipalWater To Site Washer Dryer Lsd YN No Water Expense 960 Water Expense Source Owner Projection Zoning Type Commr

    Listing information © 2019 Midwest Real Estate Data LLC.
    Listing provided courtesy of Property Of Chicago.


    © 2019 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or John Lyons Real Estate | Baird & Warner. Based on information submitted to the MRED as of 2019-07-20T23:50:44.657 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
    John Lyons Real Estate | Baird & Warner
    2526 N Lincoln Ave
    Chicago IL, 60614