1722 South Halsted StreetChicago, IL 60608Price: $350,000

  • Price: $350,000
  • 127 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 1883Year Built

Listing Tools

A two-unit mixed-use building located in the heart of the Pilsen neighborhood of Chicago. In recent years, Pilsen has become one of the most sought-after neighborhoods by investors and developers primarily due to being an extremely low-density market with proximity to downtown and the area's dynamic fundamentals, including a thriving artist community. This two-story, brick and frame building sits on an approximately 2,500 square foot lot, and the current unit mix consists of one (1)- ground floor commercial space(APX2,500SF), one (1)- 1 Bed / 1 Bath (APX 1,600SF) apartment. The property has been owned by the same family for generations and has been kept vacant for several years; therefore, the property could be improved through renovation. An investor has an extremely rare opportunity to acquire a mixed-use asset in Pilsen's Art District that has undergone tremendous growth and development. Post-renovation, a new investor should be able to yield a 7.5% Cap Rate in one of the most well-known streets in Pilsen.

Driving Directions

Property Details

Other Details

Listed by Nicholas Apostal of Keller Williams ONEChicago

Based on information submitted to MRED  as of October 28, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MRED.   All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

Do not fill in this field:

$

Do not fill in this field: