1631 N Halsted Street
Chicago, IL, 60614
$1,595,000
3 Beds
4 Baths
0 SqFt
0 Acres
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$1,595,000
1631 N Halsted Street
Chicago, IL, 60614
MLS #MRD12357756 img 0MLS #MRD12357756 img 1MLS #MRD12357756 img 2MLS #MRD12357756 img 3MLS #MRD12357756 img 4
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 Details

Price:
$1,595,000
MLS #:
MRD12357756
Status:
Active
Beds:
3
Baths:
4
Address:
1631 N Halsted Street
Type:
Multi Family
Neighborhood:
CHI – Lincoln Park
City:
Chicago
Listed Date:
May 6, 2025
State:
IL
ZIP:
60614
Year Built:
1873

Schools

School District:
299

Interior

Heating
Natural Gas, Forced Air

Exterior

Construction Materials
Brick

Financial

Net Operating Income
$128,230
Tax Year
2023
Taxes
$26,261
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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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1631 N Halsted Street
Chicago, IL