$398,640*
●
Commercial -
Off Market
1722 South Halsted Street
Chicago, IL 60608
Studio
0 Bath
$315,000 - $385,000
Reference Base Price*
13.90%
Since Jan 1, 2022
IL-Chicago
Primary Model
About This Property
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.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,083
HOA Dues
-
Year Built
1883
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 1, 2021 | No longer available | - | |
No longer available | |||
Jun 23, 2021 | Listed | $350,000 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
In Contract
House
2
Beds
2
Baths
-
$369,999
Dec 31, 2022
-
$1,120/mo
Active
House
2
Beds
2
Baths
1,200 ft²
$274/ft²
$329,000
Nov 16, 2022
-
$1,008/mo
Active
Townhouse
5
Beds
2
Baths
1,500 ft²
$250/ft²
$374,900
Jun 17, 2022
-
$37/mo
Active
Townhouse
3
Beds
2
Baths
1,600 ft²
$238/ft²
$380,000
Aug 17, 2022
-
$488/mo
In Contract
House
2
Beds
2
Baths
1,147 ft²
$279/ft²
$320,000
Dec 16, 2022
-
$564/mo
Active
House
2
Beds
2
Baths
1,200 ft²
$262/ft²
$313,900
Apr 10, 2022
-
$592/mo
Active
House
2
Beds
2
Baths
980 ft²
$310/ft²
$304,000
Jun 28, 2022
-
$809/mo
Active
House
2
Beds
2
Baths
1,400 ft²
$286/ft²
$400,000
Jan 2, 2023
-
$641/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/23/2021
|
|
Loft
|
-
|
-
|
$350,000
Loft
-
|
-
-
|
-
|
Nicholas Apostal
Keller Williams ONEChicago
|