3473 Clark StChicago, IL 60657

For Sale
$25,000,000

Luxury Hotel, High NOI, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 4-story Chicago hotel boasts 15,000 rentable square feet, 47 keys, and a prime location near Wrigley Field but not directly on top of it. Completely renovated in 2017 and 2018, the property features 21 units, each fully furnished and offering special amenities. The building benefits from abundant natural light with windows on 3.5 sides and tall ceilings. A first-floor restaurant lease adds to the income stream. The property includes a double lot, plus a contiguous 3,450 square foot double lot to the south, offering significant expansion potential. The permitted zoning is B3-5. The current annual net operating income is $853,613. The asking price is $25,000,000.

Highlights

  • Strong NOI of $639,128.
  • Offered at $11,478,177, representing a 5% cap rate.

Property Details for 3473 Clark St

Property type
Other hospitality properties, Hotels
Square Feet
15,000 SF
Year Renovated
2017
Stories
4

Location Insight

City
Chicago
County
Cook
State
Illinois
Latitude
41.945474
Longitude
-87.654821
3473 Clark St, Chicago, Illinois

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3473 Clark St
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