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5517 S Halsted Street

Chicago, IL 60621
  • $235,000
  • STATUS: Active
  • ON SITE: 273 Days
  • MLS #: 12346400
UPDATED: 82 min ago
$235,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1894
County:
Area:

School Ratings & Info

Description

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!

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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-01-23T17:16:18.72 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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5517 S Halsted Street Chicago, IL 60621

  • Price: $235,000
  • Status: Active
  • On Site: 273 Days
  • Updated: 82 min ago
  • MLS #: 12346400
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1894
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
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!
Exterior Features

Docks None Foundation Details Concrete Perimeter Frontage Type City Street Outdoor Parking 13-18 Spaces Roof Tar/Gravel Roof Structure Flat Water Drainage Storm Sewers

Interior Features

Cooling None Fireplaces Total 0 Flooring CarpetVinyl Heat Ventilation Forced AirGas Miscellaneous Inside Basement Number Of Dishwashers 0 Number Of Dryers 0 Number Of Ranges 0 Number Of Washers 0

Property Features

Additional Parcels YN Yes Approximate Age Older Building Area Total 3750 Built Before1978 YN Yes Current Use Commercial Electric Circuit BreakersService - 101 to 200 Amps Fire Protection Fire Extinguisher/s Geographic Locale Chicago South Gross Income 31800 Gross Scheduled Income 31800 Insurance Expense 2656 Location Mixed Use AreaPublic Transport AvailIn City LimitsHigh Traffic Area Mls Actual Status Active Net Operating Income 10600 Number Of Tenants 2 Operating Expense 4785 Ownership Types Individual Possible Use CommercialOfficeMulti-FamilyRetail Property Sub Type Mixed Use Rental Price 0 Seller Needs Cash Sewer Storm Sewer Tax Annual Amount 13769 Tax Year 2023 Tenant Pays ElectricityHeat Total Monthly Income 31800 Township Lake Type Mixed Use Utilities Electric to SiteNatural Gas AvailableSewer ConnectedWater Available Water Source Municipal Water Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of RE/MAX 10: 708-429-4300.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or Leila Keene & Marjorie Allabastro Team | Baird & Warner. Based on information submitted to the MRED as of 2026-01-23T17:16:18.72 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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