1631 Halsted Street, Lincoln Park, Chicago, Illinois 60614
$1,570,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 3 |
| Baths: | 0 |
| Year Built: | 1873 |
| Property Taxes: | $26,261 |
| Days On Market: | 123 |
| Lot Size: | 0,00 |
Description
Located at 1631 N Halsted, this 3 unit, 5658 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 $178k in income, with a projected NOI of $128,000. 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 property benefits from excellent connectivity-just one block north of the CTA Clybourn Station and directly served by the high-trafficHalsted bus route. Just steps from the vibrant North and Clybourn intersection, this location places you near some of the city's premier retail, dining, and nightlife corridors. The site is also less than a mile from DePaul University's main campus, contributing to the area's continued economic strength. This property also includes 4 car garage and select upgrades, including a black iron top stove, offering added value. The property can be purchased individually or as a portfolio together with 1625 N Halsted, 1629 N Halsted, and 1631 N Halsted.
Property Specifics
| Multi-unit | |
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| 1873 | |
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| No | |
| — |
| Cook | |
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| — / — | |
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| 12357756 | |
| 14333130270000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| — | Last price change | $1,595,000 | MRED MLS |
| 6 May, 2025 | Listed for sale | $1,595,000 | MRED MLS |
Room Specifics
Total Bedrooms: 3
Bedrooms Above Ground: 3
Bedrooms Below Ground: 0
Dimensions: —
Floor Type: —
Dimensions: —
Floor Type: —
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 30X140 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| — | $26,261 |
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Listing Provided By
Millennium Properties RE, Inc.
