1631 North Halsted, Chicago IL 60614
$1,595,000

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Property Description

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.

Features & Information

Key Details

  • List Price $1,595,000
  • Property Taxes $26,261
  • Price/ Sq. Ft. Unavailable
  • Year Built 1873
  • Parking Type None
  • Status Active

Rooms

  • Total Rooms 20
  • Basement F

Exterior Features

  • Parking

  • Parking Details None
  • # of Cars:  0

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 Stove, Refrigerator, Dishwasher
  • Unit 2 Stove, Refrigerator, Dishwasher
  • Unit 3 Stove, Refrigerator, Dishwasher

Location

  • County Cook
  • Township North Chicago
  • Corporate Limits Chicago
  • Directions to Property West On North Ave, North Halsted To Property
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 26261
  • Tax Year 2023
  • Parcel Identification Number 14333130270000

Utilities

  • Sewer Sewer-Publ

Listed by Daniel Hyman for Millennium Properties RE, Inc. | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 7/16/2025 4:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.

Explore Lincoln Park

Active lakeside park and beach meet upscale boutique shopping and world-class dining in this charming near north side Chicago neighborhood. Over the years Lincoln Park has gained a reputation as one of the city's most desirable communities. Its shady, tree-lined residential streets and stretches of exciting entertainment and nightlife are the ideal union of serenity and fun. The majority of Lincoln Park holds an old-fashioned appeal, reinforced by rows of brown- and graystone walkups and ornate, vintage architecture. DePaul University campus adds to the neighborhood's historic character with beautiful late-19th century buildings, while the population of students interjects a youthful energy into the area. An electric bar and club scene - favored by the younger crowd in Lincoln Park - is buffered by miles of tranquil green space and breathtaking shoreline in the neighborhood's namesake 1,200-acre park. Summertime bursts with activity as people come from all over the city to enjoy the expansive beach, waterfront jogging and biking trails, a jam-packed schedule of street festivals and farmer's markets, and the family favorite - the Lincoln Park Zoo.

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