Chicago, IL 60621 5517 S Halsted Street
$235,000
3 more
Presented By: RE/MAX 10
SQFT • 3,750
Home Details
Take advantage of this exciting business opportunity! In the four-bedroom apartment above the storefront, you can join other small business owners living close to their businesses. Property values are rapidly increasing as the area undergoes significant gentrification, with new developments being introduced. This opportunity is situated on a high-traffic street near a major intersection. The property comprises two lots and features a 13-car parking lot, currently leased to an adjacent business. Additionally, the property features a two-car garage. Both the apartment and storefront are presently rented, albeit at a below-market value, which still provides immediate cash flow. The current tenants also cover their utilities. The time to invest is now!
Presented By: RE/MAX 10
Interior Features for 5517 S Halsted Street
Other Interior Features
FlooringCarpet, Vinyl
Total Fireplaces
General for 5517 S Halsted Street
Additional Parcels Y/NYes
Cap Rate9
CityChicago
Construction MaterialsBrick, Vinyl Siding
CoolingNone
CountyCook
Current UseCommercial
Directions55th St. to Halsted St. south to the property.
ElectricCircuit Breakers, Service - 101 to 200 Amps
Electric Expense
Fuel Expense
Gross Income31800
Insurance Expense2656
Lease TypeN/A
Lot Size Square Feet6150
MLS AreaCHI - Englewood
Net Operating Income10600
Number Of Units Total2
Operating Expense4785
PossessionClosing
Possible UseCommercial, Office, Multi-Family, Retail
Property SubtypeMixed Use
Property TypeCommercial Sale
Property TypeMixed Use
RoofTar/Gravel
SewerStorm Sewer
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount13769
Tax Year2023
Tenant PaysElectricity, Heat
TownshipLake
Trash Expense0
UtilitiesElectricity Available, Natural Gas Available, Sewer Connected, Water Available
Water Sewer Expense0
Year Built1894
ZoningCOMMR
Exterior for 5517 S Halsted Street
Building Area Total3750
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions50X123
Water SourceMunicipal Water
Additional Details
Price History
