1938-42 Halsted Street, Chicago, 60614

REDUCED 4% REDUCED 4% $2,299,000 - Multi Family 5+ For Sale


MLS® #: 10627392
Price Change

HUGE VALUE-ADD OPPORTUNITY - 6 unit, 2 building complex on a sought-after Halsted Street double lot. Located in the heart of Chicago's affluent Lincoln Park neighborhood, this property is offered at an exceptionally high 5.74% cap rate. Currently 100% leased at below market rents and also contains 9 exterior parking spaces which can be leased month-to-month or rented out to Spot Hero/ParqEx (not included in income assertions). The 1938 side features THREE 2-bed/1-bath units. The 1942 side features TWO 2-bed/1-bath units as well as a 3-bed/2-bath duplex-up apartment. Opportunity to either renovate unit interiors and increase rental rates OR teardown and build new apartments or condominiums across the double lot using the existing RT-4 zoning. 90-day kick-out clause on all existing leases. Showings by appointment only and requires a minimum of 72 hours' notice. Register your interest today, this opportunity will not last long!

Additional Information: This property is located in the CHI - Lincoln Park neighborhood, IL. This bedrooms multi family 5+ property is priced at $2,299,000.

Price & Status History

Date Details
Status Changed from Active to Price Change
Price Reduced from $2,395,000 to $2,299,000
Status Changed from New to Active

Essential Information

MLS® #: 10627392
Price: $2,299,000
Taxes: $33,751
Acres: 0.07
Year Built: 1886
Type: Commercial
Sub-Type: Multi Family 5+
Status: Price Change

Community Information

Address: 1938-42 Halsted Street
Area: CHI - Lincoln Park
City: Chicago
County: Cook
State: IL
Zip Code: 60614


Amenities: Curbs and Gutters, Lighting/Exterior, Sidewalks, Cable Ready
Parking Spaces: 9


Heating: Gas, Separate Per Unit
Cooling: Central Air
Fireplace: Yes
# of Fireplaces: 1
Stories: 3


Exterior: Brick
Roof: Pitched
Construction: Brick
Foundation: Concrete

Additional Information

Zoning: MULTI

Listing Details

Listing Office: Chase Real Estate LLC

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Listing information last updated on May 28th, 2020 at 7:20pm CDT.