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
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