3801-3809 N Clark St 11,375 SF 100% Leased Retail Building Chicago, IL 60613 $3,995,000 ($351.21/SF) 6.42% Cap Rate

3801 N Clark Street is a 100%-occupied, mixed-use corner building at Clark, Racine & Grace in Chicago's Wrigleyville submarket. The property comprises five residential units and two street-level retail tenants — Almost Home Tavern and Cloud Cookie — with staggered lease expirations and over $1.2M in completed capital improvements, reducing near-term expenditure requirements. In-place income reflects two distinct conditions: a long-tenured residential base with rents not reset to current market levels, and retail reimbursements — CAM and real estate taxes — not systematically collected under prior property management despite being contractually required. A proposed retail lease restructure maintains Almost Home's base rent at current levels while establishing a pro-rata NNN reimbursement structure consistent with existing lease terms — unlocking over $71,000 in additional annual NOI without changing tenancy. Opportunities of this nature — where occupancy is stable, capital has been deployed, and upside
is unlocked through lease administration alone — are uncommon in this submarket.