IMAGE: Jordan Gottlieb & Jim Darrow
ADDRESS: 5622-5628 N. Clark Street
MARKET: Andersonville, Chicago
ASSET TYPE: Mixed-use
BROKER: Jim Darrow & Jordan Gottlieb
SALE PRICE: $4,850,000
UNITS: 17 ~ PPU: $285,294
NOTE: CHICAGO, IL - Essex Realty Group, Inc. is pleased to announce the sale of 5622-5628 N. Clark Street, an exceptional 17-unit mixed-use property located in Chicago’s highly desirable Andersonville neighborhood.
The seller, a local investor, hired Essex Principals Jim Darrow and Jordan Gottlieb to exclusively market the property for sale. The Essex team conducted an extensive marketing campaign resulting in more than ten property tours and multiple offers. A local investor in a 1031 Exchange purchased the property for approximately $4,850,000. Darrow and Gottlieb also represented the buyer.
“5622 N. Clark Street presented the rare opportunity to purchase a larger mixed-use property in Andersonville in a prime location on Clark Street. The apartments are beautifully renovated, and the retail tenants are both long term staples of the neighborhood,” explained Darrow.
The property features five 1 bed/1 bath, eight 2 bed/1 bath, and two 3 bed/2 bath apartments that feel spacious and bright due to the building’s corner location. The apartment units were recently renovated and feature beautiful finishes including hardwood floors, stainless steel appliances, quartz countertops, in-unit laundry and individual HVAC. Individual storage units and additional laundry is available to tenants in the basement. The building also includes two ground floor commercial spaces, currently occupied by The Coffee Studio and Piatto Pronto, a local deli.
The building is conveniently located less than 1 mile from both the Bryn Mawr and Berwyn Red Line CTA stations and several bus stops.
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