1623 N Halsted Street
Chicago, IL, 60614
$1,725,000
6 Beds
7 Baths
0 SqFt
0 Acres
Add
Add
$1,725,000
1623 N Halsted Street
Chicago, IL, 60614
MLS #MRD12357009 img 0MLS #MRD12357009 img 1MLS #MRD12357009 img 2MLS #MRD12357009 img 3MLS #MRD12357009 img 4MLS #MRD12357009 img 5MLS #MRD12357009 img 6MLS #MRD12357009 img 7MLS #MRD12357009 img 8
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 property benefits from excellent connectivity-just one block north of the CTA Clybourn Station and directly served by the high-traffic 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 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 Details

Price:
$1,725,000
MLS #:
MRD12357009
Status:
Active
Beds:
6
Baths:
7
Address:
1623 N Halsted Street
Type:
Multi Family
Neighborhood:
CHI – Lincoln Park
City:
Chicago
Listed Date:
May 5, 2025
State:
IL
ZIP:
60614
Year Built:
1896

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick
Parking Features
On Site, Attached, Garage
Parking Spots
4

Financial

Net Operating Income
$138,011
Tax Year
2023
Taxes
$24,323
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby

1623 N Halsted Street
Chicago, IL