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Listing provided courtesy of Triton Realty Group LLCMREDas Distributed by MLSGrid- MLS# 12580703MLS Provider

3240 N Clark StreetChicago, IL 60657

Commercial
$1,745,000 Active

3240 N Clark Street Overview

Time on Site:
119 days
Visits:
1

Renovated 8-unit mixed-use asset in the heart of Lakeview-one of Chicago's most sought-after retail and residential corridor along the Clark Street corridor. This fully occupied asset consists of six renovated 1-bedroom/1-bathroom apartments and two high-visibility commercial storefronts totaling 2,457 SF. The property underwent a comprehensive renovation in 2017, including updated kitchens with granite countertops and SS appliances, plus a full roof replacement (2013) and new gutters/downspouts. Significant 2022 exterior upgrades include new face brick and modern commercial storefront windows. Designed for operational efficiency, all units feature individual central HVAC and are separately metered for gas and electric. With four rear parking spaces and a prime location just steps from the Belmont CTA station, this property offers both immediate stability and a clear path to a $126,800 pro-forma NOI through market rent adjustments.

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3240 N Clark Street Facts & Features

  • Type Commercial

Details

General

Income/Expenses

  • Other Expense: 18139
  • Electric Expense: 600
  • Fuel Expense: 900
  • Gross Income: 160176
  • Gross Scheduled Income: 164533
  • Insurance Expense: 6033
  • Net Operating Income: 100157
  • Operating Expense: 58526
  • Trash Expense: 2253
  • Water Sewer Expense: 1729

Building Information

  • Year Built: 1898

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - Lake View
  • Township: Lake View

Rent/Lease Information

  • Tenant Pays: Air Conditioning, Electricity, Heat, Insurance

Tax Information

  • Tax Annual Amount: $28,872.00
  • Tax Year: 2024

General Information

  • Parcel Number: 14204260310000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale

Interior

Building Information

  • Retail SqFt.: 2457

General Information

  • Cooling: Central Individual
  • Electric: Separate Meters
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 25x150
  • Lot Size Square Feet: 3750

Building Exterior/Construction

  • Construction Materials: Brick, Vinyl Siding

General Information

  • Number Of Units Total: 8

3240 N Clark Street Neighborhood

Community

60657 (Chicago) Demographics

31
Median Age
23,068
Population Density (per sq. mile)
87%
College Educated
$94,722
Estimated Median Income
14,173
Estimated Total Home Owners
22,758
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3240 N Clark Street Monthly Cost

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$ %
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Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3240 N Clark Street Market Data

Based on the last 30 days in this zip code

$983,928
Average List Price
$754
Average Price per Square Foot
101
Properties Sold
49
Average Days on Market
228
Properties for Sale
Calculations provided by Reliance Network

3240 N Clark Street History

Date Event Value Agent
4/14/2026Source: MRED Status Change
Active
4/9/2026Source: MRED Price Reduction
$1,745,000 -3.1%
4/9/2026Source: MRED Status Change
Price Change
3/7/2026Source: MRED Status Change
Active
3/2/2026Source: MRED Added to Database
March 02, 2026
7/29/2022Source: MRED Status Change
Rented
6/20/2022Source: MRED Added to Database
May 20, 2022
5/24/2022Source: MRED Status Change
Active