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6340 N Clark Street, Chicago, IL 60660
$2,999,000
6340 N Clark Street, Chicago, IL 60660View this property at 6340 N Clark Street, Chicago, IL 60660
6340 N Clark StreetChicagoIL60660
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Property Description
6334-40 North Clark Street is a 2-story mixed-use investment property with three (3) street level retail units, leased by Gracie O'Malley's, a popular Chicago Bar with three downtown locations (Edgewater, Wicker Park, and Six Corners), Sauce and Bread Kitchen (SBK), and Co-op Sauce. Sauce and Bread Kitchen (SBK) owns and operates Co-op Sauce and the two adjacent suites are on the same lease. The apartments are comprised of twelve (12) residential units consisting of one (1) Studio unit, five (5), 1-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom units, two (2), 3-Bedroom/2 Bathroom units, and one (1), 4-Bedroom/2-Bathroom unit. The Property also features a detached four bay garage, which can generate additional revenue. The property benefits from rehabbed commercial spaces, updated plumbing and electric, and a brand new tear off completed in 2024. With strong commercial tenants and 100% occupancy on the apartments, this stable investment presents plenty of additional upside.
Full Property Details
Full Property Details for 6340 N Clark St
General
- Price: $2,999,000
- Taxes: $32,927 (2022)
- Status: Active
- Type: Store
- MLS ID: 11997012
- Updated: 4/7/2024
- Added to Site: 54 day(s) ago
Additional Information
- Security/Safety: Alarm Monitored
Location
- Area: CHI - Edgewater
- County: Cook
- Driving Directions: Property is located on the southwest corner of Clark and Devon, just south of the Shell Gas Station.
- Location Details: Chicago North
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Central Building Heat, Forced Air, Gas, Radiators
Utilities
- Trash: 4056
Structural Information
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 14,280
- # of Stores: 3
- Year Built: 1917
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 11,448
- Lot Dimensions: 75 x 125
- Zoning: COMMR
Financial Considerations
- Lease Price: $23
- Insurance Fee: $11,000
- Operating Expenses: $105,013
- Other Fee: $34,657
- Security Deposit: Alarm Monitored
- Assessment Year: 1917
- Tax Amount: $32,927
- Tax Year: 2022
- Tenant Pays: Electricity
- Pays Electric: 2000
- Pays Trash: 4056
Disclosures and Reports
- Property ID: 14062040150000
Listed by Horvath & Tremblay IL, LLC
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Schools
Schools serving 6340 N Clark St
School District:Chicago Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
1518 W Granville Ave, Chicago, IL 60660 | PK-8 | 0.2 mi | |
5900 N Glenwood Ave, Chicago, IL 60660 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6340 N Clark St
Date
Details
Price
Change
Source
4/01/2024
Price Reduced
$2,999,000
-6.28%
MLS
3/05/2024
Listed
$3,200,000
130.22%
MLS
12/17/2008
Sold
$1,390,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6340 N Clark St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$32,928
2%
$160,091
-1%
2021
$32,358
4%
$160,911
15%
2020
$31,069
11%
$139,467
—
2019
$28,021
22%
$139,467
20%
2018
$22,926
-15%
$116,061
-8%
2017
$27,093
7%
$125,854
—
2016
$25,207
9%
$125,854
—
2015
$23,062
2%
$125,854
4%
2014
$22,525
17%
$121,404
14%
2013
$19,330
1%
$106,280
-1%
2012
$19,217
—
$107,092
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6340 N Clark St
6340 N Clark Street, Chicago, IL 60660 (MLS# 11997012) is a Store property. 6340 N Clark Street is currently listed for $2,999,000 and was received on March 05, 2024. Want to learn more about 6340 N Clark Street? Do you have questions about finding other Store real estate for sale in Edgewater? You can browse all Edgewater real estate or contact a Coldwell Banker agent to request more information.