6600-6602 Clark St, Chicago, IL 60626
12 Unit Apartment Building | $2,295,000 ($191,250/Unit) | 4.86% Cap Rate | Chicago, IL 60626
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,295,000
- Property Type
-
Multifamily
- Square Feet
- 15,450 SF
Listing Contacts
Mike Levin
Verified Profile
- Property Info
Property Overview
Rare find, amazing legacy building with 10 residential apartments and 2 storefront retail/office spaces. Building is fully occupied with no issues with vacancy and long term tenants due to the great location and condition of the building and units. Each of the residential apartments are all being used at 2 bedroom/ 1 bathroom units all with hardwood floors. One of the commercial storefronts is a long time accounting firm who wants to stay on for a year or two with the new owner. The second store front recently became vacant; a "vanilla box" ready for the next tenant. This building has very little deferred maintenance, great condition and a longtime owner who is ready to retire soon. Offering Memorandum could be provided with request.
Property Details
- Class
- C
- Year Built
- 1927
- Stories
- 3
- Property Subtype
- Storefront Retail/Residential, Office/Residential
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 12
Highlights
- Rare find, amazing legacy building with 10 residential apartments and 2 storefront retail/office spaces.
- Building is fully occupied with no issues with vacancy and long term tenants due to the great location and condition of the building and units.
- Each of the residential apartments are all being used at 2 bedroom/ 1 bathroom units all with hardwood floors.
- One of the commercial storefronts is a long time accounting firm who wants to stay on for a year or two with the new owner.
- The second store front recently became vacant; a "vanilla box" ready for the next tenant.
- This building has very little deferred maintenance, great condition and a longtime owner who is ready to retire soon.
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