3542 N Halsted Street
Chicago, IL 60657

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Description

FULLY MODERNIZED TURNKEY MIXED-USE GEM! nearly 6 Cap Rate. Exceptional investment opportunity at 3542 N Halsted with a total mechanical overhaul completed in 2025, offering a rare "zero-deferred-maintenance" profile in the heart of Northalsted/Lakeview. 2025 MAJOR CAPITAL UPGRADES: Total peace of mind with a NEW ROOF (2025) and NEW high-efficiency HVAC SYSTEMS (2025) for the restaurant and both residential units. Low operating expenses due to new infrastructure and optimized utilities. PREMIER COMMERCIAL ANCHOR: Ground-floor restaurant features a NEWLY FINISHED BASEMENT (2025) for expanded operations/storage and brand-new 2025 HVAC. Prime Halsted frontage located in the center of the entertainment circuit, just 0.3 miles from WRIGLEY FIELD for massive game-day foot traffic. Modern Residential: Two sprawling 3BR/2BA units. Both units feature Granite/Stainless kitchens, and the ultimate rental driver: IN-UNIT WASHER/DRYERS. Unit 2 upgraded in 2023; Unit 3, upgraded in 2022, features 2025 HVAC and views with a patio. an additional income from parking. UNBEATABLE LOCATION: "Walker's Paradise" (96 Score). Steps to WHOLE FOODS, the ADDISON RED LINE, and the Belmont Theater District. Ideal for 1031 Exchange or owner-operator seeking a stabilized, high-appreciation asset in a "Class A" location.

Features

• Property Type: Commercial
• Sub Type: Mixed Use
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60657
• Year Built: 1903
• Sq.Ft.: 3,075 sq ft
• Stories: 3
• Units: 3 units
• Zoning: COMMR
• # Of Apts: 2
• # Of Dishwashers: 2
• # Of Dryers: 2
• # Of Ranges: 2
• # Of Refrigs: 2
• # Of Stores: 1
• # Of Washers: 2
• Approximate Age: Older
• Building Area Total: 3075
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Cooling: Central Air, Central Individual
• Directions: Take Lakeshore Drive to Belmont to North Halsted south of Addison.
• Docks: Exterior
• Electric: Circuit Breakers
• Electric Expense Source: Owner Projection
• Fire Protection: Smoke or Fire Protectors
• Foundation Details: Concrete Perimeter
• Fuel Expense Source: Owner Projection
• Geographic Locale: Chicago North
• Gross Income: 117900
• Gross Rent Multiplier: 19
• Gross Scheduled Income: 117900
• Heat/Ventilation: Central Heat/Indiv Controls
• Information: List Broker Must Accompany, 48-Hr Notice Required
• Insurance Expense: 2800
• Insurance Expense Source: Owner Projection
• Lot Size Square Feet: 3075
• Main Type: Commercial Sale
• Original Rental Price: 619
• Other Expense Source: Owner Projection
• Outdoor Parking: 1-5 Spaces
• Property Sub Type: Mixed Use
• Rental Price: 619
• Tax Annual Amount: 32194
• Tax Year: 2024
• Tenant Pays: Electricity, Heat, Janitorial Service, Varies by Tenant
• Total Monthly Income: 14325
• Township: Lake View
• Trash Expense Source: Owner Projection
• Virtual Tour Date: 2026-01-10T06:29:27
• Washer/Dryer Lsd (Y/N): Yes
• Water Expense Source: Owner Projection
• Water Sewer Expense: 2280