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25570488
25570489

1631 N. Halsted Street, Chicago, IL 60614 For Sale

DH
IL 471.013658x
Millennium Properties R/E
Listed by Millennium Properties R/E
$1,570,000
434 days on market
Updated 17 days ago

1631 N Halsted Street

Details
APN 14333130270000
Property Type Mixed Use
Sub Type Commercial, Residential
Square Footage 5,658
NOI $128,230
Year Built 1873
Stories 3
Lot Size (SqFt) 4,200
Zoning B3-5
Parking Spaces 3 spaces
Parking per 1,000 SqFt 0.53

Multifamily

Marketing description

1631 North Halsted Avenue is a 5,658 SF multi-use building ideally positioned in one of Chicago's most dynamic and upscale neighborhoods. The property offers exceptional potential for residential or boutique hotel development. The surrounding area is a thriving destination, just blocks away from iconic cultural and lifestyle attractions including the renowned Steppenwolf Theater, Whole Foods, Apple, Crate & Barrel, and award-winnning 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 traffific Halsted 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 one mile from DePaul University's main campus, contributing to the area's contiued economic strength. Lincoln Park is one of Chicago's most famed neighborhoods. Well known for being home to Chicago's largest park and for the Lincoln Park zoo, this neighborhood has much to offer when it comes to retail, restaurants, and nightlife. It is also home to DePaul University, ranked in the top 20 college locations in the United States. The neighborhood atrracts a wide demographic and is home to many students, recent graduates and families drawn by the various amenities Lincoln Park has to offer.

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Listing Contacts

DH
IL 471.013658x
Millennium Properties R/E
Listed by Millennium Properties R/E

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$128,230.00
$10,685.83/mo

Valuation Metrics

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DSCR
8.17%
Cap Rate
8.17%
ROI

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