3227-3231 S Halsted St - Storefront Retail/Residential FOR SALE


Chicago, IL 60608- Bridgeport
$4,699,000 USD
630-263-8755
3227-3231 S Halsted St, Chicago, IL for Sale
$4,699,000 USD
Storefront Retail/Residential - FOR SALE
1/19
null | 6.53% Cap Rate

3227-3231 S Halsted St
Chicago, IL 60608
Bridgeport


HIGHLIGHTS

  • 9 Updated Residential Units - Each with hardwood floors, balconies, in unit washer/dryer, individual HVAC, water meter, electric, and modern finishes
  • 2 Commercial Store Fronts - Long term tenants include a UPS Store and U.S. Postal Uniform retailer
  • Elevator Building with Indoor Parking - Secure Access - Key fob entry and building-wide alarm system All Brick Construction - Solid, well-maintained
  • Prime Location - Across from the new police station and Starbucks, walkable to U.S. Cellular Field and Red Line, restaurants and shops
  • Additional Income Potential - Cell tower placement opportunity could generate approx. $30,000/year
  • Attractive Financing - Assumable mortgage at 5.19% maturity date 2038

OVERVIEW

Incredible Investment Opportunity – Fully Updated Multi-Use Brick Building in Prime Chicago Location! There is a portfolio of 3 buildings available in Chicago... 3600 S Halsted, 3247 S. Emerald, 3227 S Halsted This solid brick, mixed-use elevator building features 9 fully updated residential units (renovated in 2013) with hardwood floors, private balconies, and modern finishes. Includes 2 street-level commercial spaces with established tenants — a UPS Store and a U.S. Postal Uniform retailer. Property offers indoor parking, key fob entry, and a building-wide alarm system for added security. Located directly across from the police station and Starbucks, with excellent foot traffic, walkability to U.S. Cellular Field, and just steps to the Red Line. Assumable mortgage available at 5.19% maturity date November 1, 2038. Bonus potential to add a cell phone tower on the roof with estimated $30,000/year in additional income. Rare Chicago Portfolio - Three Fully-Renovated Brick Multi-Use Buildings: 3600 S. Halsted | 3227 S. Halsted | 3247 S. Emerald. Incredible opportunity to acquire a portfolio of three solid brick apartment buildings in prime Chicago locations. This investment package includes a total of 27 residential units and 3 commercial storefronts, all with updated interior, excellent tenant history, and strong cash flow. Assumable mortgage available at 5.19% maturity date November 1, 2038. Bonus potential to add a cell phone tower on the roof with estimated $30,000/year in additional income. Rare Chicago Portfolio - Three Fully-Renovated Brick Multi-Use Buildings. 3600 S. Halsted | 3227 S. Halsted | 3247 S. Emerald. Incredible opportunity to acquire a portfolio of three solid brick apartment buildings in prime Chicago locations. This investment package includes a total of 28 residential units and 3 commercial storefronts, all with updated interior, excellent tenant history, and strong cash flow.

FOR SALE DETAILS

PRICE

$4,699,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,121 SF

ZONING

-

APN/PARCEL ID

17-33-108-005-0000,17-33-108-006-0000,17-33-108-007-0000,17-33-108-008-0000

ASK ABOUT THIS PROPERTY

Erin MclaughlinJameson Sotheby's International RealtyMore Info
630-263-8755

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Erin MclaughlinJameson Sotheby's International RealtyMore Info
630-263-8755

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.