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Multifamily

3242 N Clifton Ave

3242 N Clifton Ave, Chicago, IL 60657

Listing Price: $1,250,000

Cap Rate
4.15%
Number of Units
2
Occupancy
97.0%
Price/Unit
$625,000

Investment Overview

Marcus & Millichap is pleased to present this multi-family real estate opportunity located in the Lakeview neighborhood of Chicago. The subject property of 3242 N Clifton Ave is located 6.5 miles north of Chicago's downtown Loop area via Lakeshore Drive, 2 miles north of Lincoln Park, 0.8 miles south of Wrigley Field and 0.3 miles west of the Belmont CTA train station serving the Brown, Red & Purple lines. The unit mix for this two unit property is one two-bedroom / one-bathroom unit that measures 1,200 square feet and one three-bedroom / one and a half bathrooms that measures 2,200 square feet. Each unit has their own HVAC and utility bills except water; the tenants are responsible for gas and electric. The common spaces, including the garage, porches and basement, are randomly split between the units for electricity. The current owner occupies the basement for storage, however, the new owner can occupy this 1,200 square foot space with concrete floors differently. Located in the Lakeview East neighborhood, the subject property is within walking distance from a plethora of shops, restaurants, bars, grocery stores, and lakefront parks. The lively Lakeview East area is home to Wrigley Field, an iconic 1914 ballpark where the Chicago Cubs play, with sports bars clustered in the surrounding Wrigleyville district. Lakeview is also known as a go-to spot for arts and culture - you'll find live music venues, summer street festivals, and a thriving theatre, dance, and comedy scene.

Investment Highlights

  • Desirable Lakeview East Location
  • Long-term Ownership
  • Attractive Unit Mix | One Two-Bedroom / One-Bath and One Three-Bedroom / One and a Half Baths
  • Proximity to Wrigley Field - Home to the Chicago Cubs

Exclusively Listed By

Multifamily

3242 N Clifton Ave

Listing Price: $1,250,000

Cap Rate
4.15%
Number of Units
2
Occupancy
97.0%
Price/Unit
$625,000

Investment Highlights

  • Desirable Lakeview East Location
  • Long-term Ownership
  • Attractive Unit Mix | One Two-Bedroom / One-Bath and One Three-Bedroom / One and a Half Baths
  • Proximity to Wrigley Field - Home to the Chicago Cubs

Investment Overview

Marcus & Millichap is pleased to present this multi-family real estate opportunity located in the Lakeview neighborhood of Chicago. The subject property of 3242 N Clifton Ave is located 6.5 miles north of Chicago's downtown Loop area via Lakeshore Drive, 2 miles north of Lincoln Park, 0.8 miles south of Wrigley Field and 0.3 miles west of the Belmont CTA train station serving the Brown, Red & Purple lines. The unit mix for this two unit property is one two-bedroom / one-bathroom unit that measures 1,200 square feet and one three-bedroom / one and a half bathrooms that measures 2,200 square feet. Each unit has their own HVAC and utility bills except water; the tenants are responsible for gas and electric. The common spaces, including the garage, porches and basement, are randomly split between the units for electricity. The current owner occupies the basement for storage, however, the new owner can occupy this 1,200 square foot space with concrete floors differently. Located in the Lakeview East neighborhood, the subject property is within walking distance from a plethora of shops, restaurants, bars, grocery stores, and lakefront parks. The lively Lakeview East area is home to Wrigley Field, an iconic 1914 ballpark where the Chicago Cubs play, with sports bars clustered in the surrounding Wrigleyville district. Lakeview is also known as a go-to spot for arts and culture - you'll find live music venues, summer street festivals, and a thriving theatre, dance, and comedy scene.

Exclusively Listed By

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