ON MARKET – MULTI-FAMILY
5622-5628 North Clark Street Chicago, IL 60660
NEIGHBORHOOD
Andersonville
PRICE
$4,995,000
NUMBER OF UNITS
17
CAP RATE
5.35%
PROPERTY LISTED

Essex Realty Group, Inc. has been exclusively engaged to market for sale, 5622-5628 North Clark Street, located in Chicago’s Andersonville neighborhood. The property is comprised of five 1 bed/1 bath, eight 2 bed/1 bath, and two 3 bed/2 bath apartments that feel spacious and bright due to the building’s corner location. All of the units were recently renovated and feature beautiful finishes including hardwood floors, stainless steel appliances, quartz countertops, in-unit laundry and individual HVAC. Individual storage units and additional laundry is available to tenants in the basement. The building also includes two ground floor commercial spaces currently occupied by The Coffee Studio and Piatto Pronto, a local deli, and an income-producing billboard.

The property is situated on the southwest corner of Clark Street and Olive Street, and is conveniently located less than 1 mile from the Bryn Mawr and Berwyn Red Line L stops. Quick access to both CTA stations and several bus stops provide tenants with many excellent public transportation options. 5622-5628 N Clark St is a rare opportunity to own a stately corner building in a prime Andersonville location with an endless choice of charming restaurants, boutiques, and entertainment options steps away.

LOCATION DETAILS

RICH HISTORY: Andersonville has quickly become one of the more prominent areas to live in the City of Chicago due to its vibrant commercial corridor, rich history and unprecedented architecture. The neighborhood is located approximately 10 miles north of the Loop and borders Lake Michigan. 5622-5628 North Clark Street sits in the heart of the Andersonville Commercial Historic District, a stretch that includes several local and national retailers, bars and restaurants, and entertainment options. The Lakefront sits just over a mile away, providing tenants with quick access to the beaches, dog parks and beginning of the Lakefront Trail.

PRIME LOCATION: 5622-28 N Clark St is located on the southwest corner of Clark Street and Olive Street in Chicago’s popular Andersonville neighborhood. Clark Street is full of local charm, featuring a wide variety of boutiques, salons & spas, and trendy restaurants & bars. The property is also conveniently located steps from numerous bus stops, and less than one mile from the Bryn Mawr and Berwyn CTA Stations.

HIGHLIGHTS
  • 73% Early Renewal Rate | Leased through Spring 2022
  • 15 Updated Apartments with Stainless Steel Appliances, In-Unit Laundry & Individual HVAC
  • Updated Plumbing & Electrical Systems
  • Rarely Available Corner Mixed-Use Building in Prime Andersonville Location
  • Two Retail Tenants & Billboard Current on All Rent Payments
  • Walking Distance to Bryn Mawr & Berwyn CTA Stations
LISTING BROKERS
Jim Darrow
Principal
773.305.4920
Jordan Gottlieb
Principal
773.305.4922