3240 N. Clark

Investment Overview

Triton is pleased to present 3240 N. Clark Street, an eight (8) unit mixed-use investment property located along the highly trafficked Clark Street commercial corridor in the heart of Lakeview. The property offers investors the opportunity to acquire a fully occupied, income-producing asset with a diversified revenue stream and a clear path to improved income through increasing residential rents to market levels. The building contains six (6) residential apartments, all configured as 1-bedroom / 1-bathroom layouts, along with two (2) street-level commercial spaces totaling approximately 1,500 square feet, for a combined building size of 4,445 gross square feet. The asset is currently 100% occupied, providing immediate and stable cash flow with additional upside through future rental growth. Originally constructed in 1898, the property was largely rehabbed in 2017 and has since been well maintained, featuring updated residential interiors while retaining its classic urban character. The building is clad in a vinyl siding exterior, offering a durable, low-maintenance façade, while apartment units include hardwood flooring, updated kitchens with granite countertops and stainless steel appliances, and central heating and cooling. Common amenities include coin-operated laundry and four (4) rear surface parking spaces. Recent capital improvements include extensive façade work, enhancing curb appeal and long-term durability. Both residential and commercial tenants are separately metered and pay gas and electric, supporting efficient operating performance. The property is strategically positioned within one of Chicago’s most active retail and entertainment corridors, wedged between several of the city’s most sought-after submarkets, including Lincoln Park, Lakeview East, and Wrigleyville. Steps from the Belmont CTA station and surrounded by premier shopping, dining, nightlife, and entertainment, the location benefits from exceptional foot traffic and transit accessibility. This offering provides investors the opportunity to acquire a well-located mixed-use asset with strong in-place income and meaningful long-term appreciation potential in one of Chicago’s most dynamic North Side neighborhoods.

Investment Highlights

• Prime Lakeview Location with Recent Upgrades: Situated steps from the Belmont CTA on the high-traffic Clark Street corridor, this asset features a 2017 rehab and 2022 masonry and storefront improvements.
• Fully Occupied & Renovated Mixed-Use Asset: Includes six (6) updated 1-bed / 1-bath apartments and two commercial spaces totaling 2,432 SF, providing a stabilized and diversified income stream.
• Operational Efficiency & Value-Add Upside: Features separate tenant-paid utilities, four rear parking spaces, and a clear path to increased revenue by bringing rents to market levels.