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    5517 S Halsted St Chicago, IL 60621

    For Sale
    $235,000

    Mixed Use - Chicago, IL

    Type:Mixed Use
    Property size:
    3,750 SF
    Days on Market:
    137
    Last Refresh:
    Dec 7 at 8:06 am

    Property Features for 5517 S Halsted St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    COMMR
    APN
    20161000040000
    Size
    3,750 SF

    Building Details

    Year built
    1894
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Roof type
    Tar/Gravel
    Architectural style
    Other

    Remax 10 (708) 857-1500 [email protected]

    Listing agent Milton Payton (708) 429-4300 License #475135862

    Listing date Jul 24, 2025

    MLS# 12346400 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property in Chicago

    This mixed-use property is located on a high-traffic street near a major intersection in Chicago. It features a storefront and a four-bedroom apartment above. The property includes two lots and a 13-car parking lot, which is currently leased to an adjacent business, as well as a two-car garage. The property size is 3,750 square feet. Both the apartment and storefront are presently rented, providing immediate cash flow, and the current tenants cover their utilities. The area is undergoing significant gentrification, with new developments being introduced, leading to rapidly increasing property values. This property is zoned COMMR. It presents an opportunity for small business owners to live close to their businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    One Stop Furniture ... Furniture Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.644768
    Latitude
    41.793361

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with storefront, apartment, and parking in Chicago.
    Where is this mixed-use property located?
    The property is located at 5517 S Halsted St Chicago, IL.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: - High-traffic location near a major intersection, ideal for business.; - Two lots included with the property.; - 13-car parking lot currently leased, providing immediate cash flow.
    (708) 429-4300
    Request Owner's contact information
    5517 S Halsted St Chicago, IL 60621
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    Chicago, IL 60621
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5517 S Halsted St Chicago, IL 60621
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