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6642 North Clark Street

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

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

6642 North Clark Street

$5,880,000

Building Size

Asset Type

Mixed-use

Closing

Jun 11, 2025

AI

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

Broker

$280.5M

vol

37 deals

Broker
Interra Realty
Interra RealtyBrokerage

Imran Khan

Buyer

$7.8M

vol

3 deals

Buyer

Chicago Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.70%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93