Chicago, IL 60614 1625 N Halsted Street

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Presented By: Millennium Properties RE, Inc.
  • MLS# 12357632
  • 05/06/2025
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  • Beds • 9
  • Full/Half Baths • 8 / 2
  • Garage • 4

Home Details

Located at 1625 N Halsted, this 4 unit, 8,174 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 $250k in income, with a projected NOI of $170,000. 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.
Presented By: Millennium Properties RE, Inc.

Interior Features for 1625 N Halsted Street

Bedrooms

Bedrooms Possible9
Total Bedrooms9

Bathrooms

Full Baths Building6
Half Baths Building2
Total Baths8

Other Interior Features

BasementPartially Finished, None, Full
Total Number of Units4

General for 1625 N Halsted Street

Additional Parcels Y/NNo
CityChicago
Construction MaterialsBrick
CountyCook
DirectionsWest on North Ave, North Halsted to Property
Electric Expense1127
Elementary School District299
Fuel Expense1476
Gross Income249498
HeatingNatural Gas, Forced Air
High School District299
Insurance Expense10774
MLS AreaCHI - Lincoln Park
Middle/Junior School District299
ModificationTimestamp2025-05-21T08:48:31.284Z
Net Operating Income170339
New ConstructionNo
OwnershipFee Simple
PossessionClosing
Property TypeResidential Income
Property TypeTwo to Four Units
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount44519
Tax Year2023
Total Rooms15
TownshipNorth Chicago
Trash Expense1372
Water Sewer Expense1372
Year Built2004
ZoningPMD

Exterior for 1625 N Halsted Street

Lot Dimensions24X140
Total Parking
Water SourceLake Michigan
WaterfrontY/NNo

Additional Details

Price History

Client Care

Price $2,125,000
MLS#12357632
List Date 05/06/2025
Property Type Multi-Family
Phone 847.485.2500
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