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Imran Khan Acquires Mixed-Use Building At 6642-6654 North Clark Street In Chicago For $5.88M

Property Image
SOLD
$5,880,000
Brad Feldman
IK

Illinois

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Mixed-use
Sold
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Property Image
SOLD

Imran Khan Acquires Mixed-Use Building At 6642-6654 North Clark Street In Chicago For $5.88M

6642 North Clark Street

See Similar Deals
Mixed-use
Sold
Brad Feldman
IK
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Mixed-use
Transaction Type:Sale

The transaction involved a fully occupied 42-unit mixed-use building and an adjacent parking lot located at 6642-6654 North Clark Street in Chicago's Rogers Park. The sale price was $5,880,000, equating to a price per unit of $140,000. The property was built in 1928 and offers a value-add opportunity, as renovations and unit reconfigurations are planned by the buyer.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $5,880,000
  • Units: 42
  • Price Per Unit: $140,000
  • Buyer: Imran Khan
  • Seller: George Triff
  • Broker: Brad Feldman - Interra Realty
  • Date: 06/11/2025
  • Address: 6642-6652 & 6654 North Clark Street, Chicago

Brad Feldman from Interra Realty represented both the buyer Imran Khan and the seller George Triff in this transaction, facilitating the deal for the property in Chicago's competitive market.

Players

Brad Feldman
Interra Realty
Brad Feldman
36 deals$282.9M volume
BROKER
Interra Realty
Interra Realty
BROKERAGE
IK
Imran Khan
3 deals$7.8M volume
BUYER

Details

SOLD
IMAGE: Brad Feldman DATE: 06/11/2025 ADDRESS: 6642-6652 & 6654 North Clark Street MARKET: Chicago ASSET TYPE: Mixed-use BUYER: Imran Khan SELLER: George Triff BROKER: Brad Feldman (@BsFeldman) - Interra Realty SALE PRICE: $5,880,000 UNITS: 42 ~ PPU: $140,000 NOTE: Interra Realty brokered the $5.88M sale of a fully occupied 42-unit mixed-use building and adjacent parking lot at 6642-6654 N. Clark St. in Chicago’s Rogers Park, with Brad Feldman representing both buyer Imran Khan and seller George Triff. The 1928 property presents a value-add opportunity, as the buyer plans renovations and unit reconfigurations.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$313,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,890.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,874.20
Annual Debt Service$334,490.40