CHICAGO – April 30, 2018 – CBRE’s Chicago office recently brokered the sale of a mixed-use property at 3824 N. Clark St. in Chicago for $1.36 million.
CBRE’s Justin Ross represented the owner, Nordic Realty Partners, in the transaction. The property was purchased by Lighthouse Investments.
The property consists of two multifamily units, both three-bedroom and two-bathroom layouts, and a 1,600-square-foot fully-leased retail space.
Situated just north of Wrigley Field and the burgeoning Wrigleyville retail & entertainment district, 3824 N Clark features two fully-rennovated three-bedroom and two-bathroom multifamily units and a fully-leased 1,600-square-foot retail space. The property also benefits from billboard signage, storage and parking income, providing multiple revenue streams for the new owner.
“This is an amazing location and a well-stablized asset that should prove to be a very sound investment for the new owner,” said CBRE’s Ross.
CBRE’s Justin Ross represented the owner, Nordic Realty Partners, in the transaction. The property was purchased by Lighthouse Investments.
The property consists of two multifamily units, both three-bedroom and two-bathroom layouts, and a 1,600-square-foot fully-leased retail space.
Situated just north of Wrigley Field and the burgeoning Wrigleyville retail & entertainment district, 3824 N Clark features two fully-rennovated three-bedroom and two-bathroom multifamily units and a fully-leased 1,600-square-foot retail space. The property also benefits from billboard signage, storage and parking income, providing multiple revenue streams for the new owner.
“This is an amazing location and a well-stablized asset that should prove to be a very sound investment for the new owner,” said CBRE’s Ross.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
