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Mixed-Use

6657 N Clark St

6657 N Clark St, Chicago, IL 60626

Listing Price: $2,675,000

Cap Rate
5.29%
Number of Units
21
Occupancy
95.0%
Price/Unit
$127,381

Investment Overview

Marcus & Millichap is pleased to present this mixed-use real estate opportunity in the Rogers Park neighborhood of Chicago. The subject property of 6657 North Clark Street is located 10.1 miles north of Chicago's downtown loop area, 0.7 miles west of both the CTA's Loyola & Morse Red Line train stations, 0.5 miles south of the Rogers Park UP-N Metra train station, and located outside the property is the CTA's Clark & North Shore bus 22 stop. The unit mix for the subject property consists of three first floor retail spaces occupied by two tenants, two studio one-bathroom units that measure 450-500 square feet, four small one-bedroom one-bathroom units that measure 500 square feet, twelve one-bedroom one-bathroom units that measure 800 square feet, and two garden non-conforming units of one small one-bathroom unit that measure 550 square feet that rents out for$675/month and one two-bedroom one-bathroom unit that measures 850 square feet that rents out for $1,200/month respectively. Rogers Park is one of the most economically and culturally diverse communities not only in Chicago, but in the entire United States-proven by the 80-plus languages spoken in the neighborhood. Located at the far northeast corner of the city, approximately eleven miles north of Chicago's central business district known as "The Loop," Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA "L" stops (Loyola, Morse, Jarvis, and Howard stops); one Metra stop at Lunt Avenue; five bus lines; and the Howard Bus and "L" terminal which is the staging point for north suburban travel. In addition, Rogers park is one of the few Chicago neighborhoods that has direct public access to Lake Michigan. Unlike other Chicago lakefront neighborhoods, Rogers Park has 13 public street-end beaches and many buildings along Lake Michigan have their own private beaches. An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to bring rents to market value.

Investment Highlights

  • Rogers Park Neighborhood
  • On-Site Laundry
  • Public Transportation Outside Building
  • Attractive Unit Mix
  • Some Recent Capital Improvements

Exclusively Listed By

Financing By

Listing Price: $2,675,000

Cap Rate
5.29%
Number of Units
21
Occupancy
95.0%
Price/Unit
$127,381

Investment Highlights

  • Rogers Park Neighborhood
  • On-Site Laundry
  • Public Transportation Outside Building
  • Attractive Unit Mix
  • Some Recent Capital Improvements

Investment Overview

Marcus & Millichap is pleased to present this mixed-use real estate opportunity in the Rogers Park neighborhood of Chicago. The subject property of 6657 North Clark Street is located 10.1 miles north of Chicago's downtown loop area, 0.7 miles west of both the CTA's Loyola & Morse Red Line train stations, 0.5 miles south of the Rogers Park UP-N Metra train station, and located outside the property is the CTA's Clark & North Shore bus 22 stop. The unit mix for the subject property consists of three first floor retail spaces occupied by two tenants, two studio one-bathroom units that measure 450-500 square feet, four small one-bedroom one-bathroom units that measure 500 square feet, twelve one-bedroom one-bathroom units that measure 800 square feet, and two garden non-conforming units of one small one-bathroom unit that measure 550 square feet that rents out for$675/month and one two-bedroom one-bathroom unit that measures 850 square feet that rents out for $1,200/month respectively. Rogers Park is one of the most economically and culturally diverse communities not only in Chicago, but in the entire United States-proven by the 80-plus languages spoken in the neighborhood. Located at the far northeast corner of the city, approximately eleven miles north of Chicago's central business district known as "The Loop," Rogers Park has convenient transportation to and from the city. The neighborhood includes four CTA "L" stops (Loyola, Morse, Jarvis, and Howard stops); one Metra stop at Lunt Avenue; five bus lines; and the Howard Bus and "L" terminal which is the staging point for north suburban travel. In addition, Rogers park is one of the few Chicago neighborhoods that has direct public access to Lake Michigan. Unlike other Chicago lakefront neighborhoods, Rogers Park has 13 public street-end beaches and many buildings along Lake Michigan have their own private beaches. An investor can take full advantage of this real estate opportunity by capitalizing on the prime location of this asset plus the ability to bring rents to market value.

Exclusively Listed By

Financing By

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