Active · For Sale · Mixed Use

4848 N Clark Street, Chicago, IL 60640

MLS opportunity selected in connection with 1016 Argyle St Chicago, IL 60640

MLS #12633441

4848 N Clark Street, Chicago, IL 60640
4848 N Clark Street, Chicago, IL 60640CRER
4848 N Clark Street, Chicago, IL 60640

Start a conversation

Inquire about this property

4848 N Clark Street, Chicago, IL 60640

Property inquiry details

By submitting, you agree to the CRER privacy policy.

The property

Executive summary

GREAT DEVELOPMENT OR CONVERSION OPPORTUNITY IN ANDERSONVILLE ON AN OVERSIZED LOT! THREE STORY MIXED-USE BRICK AND CONCRETE 12,200 SF LOFT-LIKE BUILDING WITH LARGE FREIGHT ELEVATOR. FULL BASEMENT WITH 8' CEILINGS. UPPER FLOORS HAVE UPWARDS OF 13' CEILINGS AND STAIR ACCESS TO THE ROOF. SIDE DRIVE LEADS TO 8+ OUTDOOR CAR PARKING AND A 4 CAR GARAGE. CURRENT C2-2 ZONING ALLOWS FOR 11 DU'S ON THE UPPER FLOORS AND COMMERCIAL UNITS ON THE FIRST FLOOR. THE F.A.R. ALLOWS FOR A MAX INTERIOR SQUARE FOOTAGE OF 24,200 SF AND A BUILDING HEIGHT OF 50'. THE PROPERTY IS IDEALLY SUITED FOR A CREATIVE INVESTOR, DEVELOPER OR END-USER. THE BUILDING IS VACANT AND IS BEING SOLD "AS-IS".

Investor Resource

Property Intelligence

Financial Snapshot

Annual Taxes
$42,156 (2023)

Property Details

Building Size
12,231 SF
Lot Size
11,441 SF
Lot Dimensions
87.03X131.46
Stories
3
Year Built
1936
Building Age
Older
Construction
Brick, Concrete, Stone
Roof
Flat, Membrane
Zoning
COMMR
Parcel Number
14083150450000

Operations & Utilities

Heating
Central Heat/Indiv Controls, Forced Air, Gas
Cooling
Central Air, Central Individual
Tenant Pays
Varies by Tenant
Electric
Circuit Breakers
Possession
Closing

Location & Use

County
Cook
Market Area
Chicago - Uptown
Frontage
City Street

Reported figures come from the listing source. When shown, estimated NOI and cap rate use reported income and expenses; estimated GRM uses asking price and reported income. All figures should be independently verified.