Local Investor Acquires 17-Unit Mixed-Use Property In Andersonville For $4.85M

An exceptional 17-unit mixed-use property located at 5622-5628 N. Clark Street in Chicago’s highly desirable Andersonville neighborhood has been sold for $4,850,000. The property features a mix of apartments and ground floor commercial spaces. The residential units include five 1 bed/1 bath, eight 2 bed/1 bath, and two 3 bed/2 bath apartments. The apartments have recently been renovated and offer spacious and bright living spaces with beautiful finishes. The building also houses two ground floor commercial spaces currently occupied by The Coffee Studio and Piatto Pronto, a local deli.

Summary of transaction details

• Property Type: Mixed-use
• Sale Price: $4,850,000
• Address: 5622-5628 N. Clark Street, Andersonville, Chicago
• Market: Andersonville, Chicago
• Units: 17
• Price Per Unit: $285,294

The sale of this property was facilitated by Jim Darrow and Jordan Gottlieb from Essex Realty Group, Inc. who successfully marketed the property for the seller. Their extensive marketing campaign resulted in multiple offers and they eventually represented the buyer, a local investor in a 1031 Exchange, in the transaction.

The building's prime location on Clark Street and its well-maintained apartments and retail spaces made it an attractive investment opportunity. The property is conveniently located near public transportation, with both the Bryn Mawr and Berwyn Red Line CTA stations and several bus stops less than a mile away.