1609 S Halsted Street
Chicago, IL 60608

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Description

DO NOT DISTURB TENANT - NO WALK-INS WITHOUT A CONFIRMED APPOINTMENT 1,257 SF retail/office condo built in 2007, located in Chicago's vibrant Pilsen/University Commons neighborhood. Excellent visibility along Halsted Street. Currently leased to Sylvan Learning Center, a long-standing and reputable tenant. The area continues to thrive with new restaurants, breweries, boutiques, and small businesses, and was recently named one of the "Hottest Neighborhoods in the World" by Forbes. Very low HOA dues!

Features

• Property Type: Commercial
• Sub Type: Retail/Stores
• Listing Status: Active Under Contract
• County/Area: Cook County
• Zip Code: 60608
• Year Built: 2007
• Stories: 5
• Zoning: RTAIL
• Cap Rate: 11
• Construction Materials: Brick
• Cooling: Central Air, Central Individual
• Directions: 18th Street & Halsted - North to 1609 on East Side of Street
• Electric: Circuit Breakers, Service - 101 to 200 Amps
• Expense Year: 2024
• Fire Protection: Alarm Monitored, None
• Gross Income: 48000
• Gross Rentable Area: 1257
• Gross Scheduled Income: 48000
• Heat/Ventilation: Forced Air, Gas
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Investment (Y/N): Yes
• Leasable Area: 1257
• Main Type: Commercial Sale
• Min Avail Sq Ft (Rentable): 1257
• Operating Expense: 9631
• Property Offered: For Sale Only
• Tax Annual Amount: 9631
• Tax Year: 2023
• Tenant Pays: Electricity, Heat, Repairs
• Total Annual Expense Source: Owner Projection
• Total Monthly Income: 4000
• Township: West Chicago