Coming Soon
$12,765,000
8.2% cap · 36,600 sq ft RBA · Class C
681 N Clark St
Chicago, IL 60622
Listed 3 days ago$349/sq ft
01 / 07
Price cut −3%Open Aug 1, 2026For SaleMixed Use
$11,970,000
1256 N Ashland Ave
Lakeview · Chicago, IL 60618
$338/sq ft151 days on market2.6K views145 saves
Key facts
- Interior
- 35,400 sq ft
- Lot
- 2.21 acres
- Year built
- 1964
- Property type
- Mixed Use
- Price / sq ft
- $338/sq ft
- Annual taxes
- $237,010
- Days on market
- 151
Getting around
Walk Score95
Walker's Paradise
Transit Score89
Excellent Transit
Bike Score78
Very Bikeable
About this property
A Class C mixed-use building on N Ashland Ave trading at a 7.5% cap with 63% occupancy. Zoning and the roof deck amenity leave the door open for a future repositioning.
Investment summary
Investment summary
Cap rate
7.50%
Net operating income ÷ price
Net operating income
$897,750
Annual, after operating expenses
Cash-on-cash
+5.7%
$203,052 annual cash flow on $3,591,000 equity
Occupancy63%
22,302 sq ft leased of 35,400 sq ft
- Tenants
- 10
- Rentable area
- 35,400 sq ft
- Price / sq ft
- $338/sq ft
- WALE
- 9.5 yrs
- Lease type
- Modified Gross
- Building class
- Class C
- Zoning
- MU-4
- Parking
- 81 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $694,698 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Outdoor
- Roof Deck Amenity
Parking & Access
- Freight Elevator
Highlights
- Monument Signage
- Corner Visibility
- Value-Add Upside
- Opportunity Zone
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2020-11-25 | Sold | $7,280,000 |
| 2026-02-24 | Listed | $12,272,000 |
| 2026-03-22 | Price cut | $12,189,000 |
| 2026-04-22 | Price cut | $11,970,000 |
Location
Lakeview, Chicago — Cook County
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Approximate location · Lakeview
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Estimated monthly
$83,141/mo
- Principal & interest72%$59,898
- Property tax24%$19,751
- Home insurance4%$3,491
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $9,576,000 · 30 yr · 6.40%
