1629 N Halsted Street
Chicago, IL, 60614
$1,725,000
3 Beds
6 Baths
0 SqFt
0 Acres
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$1,725,000
1629 N Halsted Street
Chicago, IL, 60614
MLS #MRD12357704 img 0MLS #MRD12357704 img 1MLS #MRD12357704 img 2MLS #MRD12357704 img 3MLS #MRD12357704 img 4MLS #MRD12357704 img 5
Located at 1629 N Halsted, this 3 unit, 5,755 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 below grade former restaurant space offers the opportunity for an owner/user to open up shop and use the residential and office unit income to cover their mortgage, or an investor looking for cash flow. Fully leased this property can generate $200k in income, with a projected NOI of $150,000. 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 Details

Price:
$1,725,000
MLS #:
MRD12357704
Status:
Active
Beds:
3
Baths:
6
Address:
1629 N Halsted Street
Type:
Multi Family
Neighborhood:
CHI – Lincoln Park
City:
Chicago
Listed Date:
May 6, 2025
State:
IL
ZIP:
60614
Year Built:
1891

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$151,051
Tax Year
2023
Taxes
$23,031
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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1629 N Halsted Street
Chicago, IL