1645 North Clybourn Avenue
- 6.82% existing cap building with excellent condition in the best neighborhood of Chicago.
- A sizeable building with a basement, a bathroom, and an office space can be value-added.
- The retail business is eager to renew another 5-year lease.
Property Description
The property at 1645 N Clybourn Ave boasts a 5,403 SF building with 4 units, built in 1998 and renovated in 2020, offering 100% occupancy. Featuring a 6.82% existing cap rate, this property is in excellent condition, located in the sought-after Lincoln Park area of Chicago. It also has a sizeable basement with a bathroom and office space, presenting a valuable opportunity for expansion. Additionally, there is an option for seller financing, making it an even more attractive investment.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,588,000 |
| No. of Units: | 4 |
| Average Occupancy: | 6.82 |
| Year Built: | 1998 |
| Lot Size: | 0.05 Acres |
| Opportunity Zone: | No |
| Price per unit: | $397,000 |
| Property Website | Click Here |
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