About The Property

Located at 1623 N Halsted, this 3 unit, 5,388 SF property is ideally positioned in one of Chicago's most dynamic and upscale neighborhoods-offering exceptional potential for residential or boutique hotel development. The ground floor former restaurant space offers the opportunity for an owner/user to open up shop and use the residential unit income to cover their mortgage or an investor looking for cash flow. Fully leased this property can generate $190k in income, with a projected NOI of $138,000. The surrounding area is a thriving destination, just blocks from iconic cultural and lifestyle attractions including the renowned Steppenwolf Theatre, Whole Foods, Apple, Crate & Barrel, and award-winning restaurants such as Alinea and Boka. The propertyRead MoreRead Less
Courtesy of Millennium Properties RE, Inc. [email protected]
Listing Snapshot
Days Online
385
Last Updated
Property Type
Two To Four Units
Beds
6
Year Built
1896
MLS Number
12357009
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Additional Details

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Basement
"Finished", "None", "Full"
Building
Construction Materials: "Brick", Built in 1896, Rebuilt: No
Expenses
Electric: 1297, Fuel: 2664, Insurance: 6661, Trash: 1356, Water/Sewer: 1356
Garage
4 spaces
Heating
"Natural Gas", "Forced Air"
Lot
Dimensions: 24X140
Parking
Parking Total: 4, "Yes", "Attached", "Garage"
Property
Zoning: PMD
Sewer
"Public Sewer"
Utilities
Water Source: "Lake Michigan"
Taxes
Annual Taxes: $24,323, Year: 2023
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30 Days Snapshot Of 60614
$1.21M
+8%
(avg) sold price
59
+25%
homes sold
14
+7%
(avg) days on market
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Monthly Payment
$0

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