Property Listing No Longer Available for Sale

6156 N. Clark, Chicago, IL

Others for Sale - $1,540,000 - 0.11 acres


Property Info

CIMLS#1135082
Location
  6156 N. Clark
  Chicago IL 60660
UpdatedNovember 15th, 2022
TypeOthers
Price$1,540,000
Land0.11 acres

Property Description

100% occupied Edgewater Glen 4 unit mixed use investment property. Stable cash flow from LONG TERM tenants (a restaurant, a bar and two 3-bedroom apartments (1 w/faux fpl).! A 5 car parking lot. Stoplight and corner parcel. Great exposure. B1-2 zoning. Potential owner occupancy in the upgraded apartment. Commercial tenants have 5 yr leases (thru 8/2027) with 3% annual increases. TIF District may provide tax benefits. The water bill is split between the restaurant, bar and apartments. The owners apartment has been highly upgraded with granite counters, stainless appliances, cove molding, faux log fireplace, beautiful hardwood floors, built-in bookcase in DR, tremendous closet space. The tenant in the 2nd apartment owns the appliances (refrigerator, stove and washer/dryer). The owners unit rent is estimated to be $ 2,500/mth for the financial information. Do not disturb tenants! Do not disturb tenants! Ask me the questions.


Financials



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