Property Overview

Interra Realty has been exclusively engaged to market 2200 N. Clark Street, Chicago, for sale. The subject investment property is a mixed-use (multifamily and retail) asset in a prime Lincoln Park location. The unit mix is comprised of 28 renovated apartments over approximately 10,000 SF of street-level retail.

The property was renovated in 2008-09 and has been well-maintained and professionally managed since. Apartments have some variation in finishes and amenities, but all offer attractive finish levels and an abundance of vintage character. Approximately 75% of the units have in-unit laundry and the remainder have access to on-site laundry equipment.

The commercial space is fully leased with a diverse roster of tenants. This high-demand / high-traffic retail stretch of Clark Street is well occupied by a range of local and national shopping, dining, and entertainment amenities. The corner of the subject property is home to Esme, a Michelin Star high-end restaurant.

A new investor has the rare opportunity to acquire an asset with diversified income on an irreplaceable corner of one of Chicago’s most sought after neighborhoods. The property is being offered for sale free-and-clear of existing debt.

Highlights

  • A+ Location in Lincoln Park
  • Renovated Apartments with Modern Finishes and Vintage Charm
  • Fully Leased Retail with Diverse Tenant Roster
  • Many Recent Capital Improvements (Roof, 1 of 2 Boilers, and Parapet Walls)

Key Details

Sale Price
$13,700,000
Number of Units
28 Apartments + 7 Retail Spaces
Submarket
Lincoln Park