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    3227 S Halsted St Chicago, IL 60642

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    For Sale
    $4,699,000

    Completely renovated 9-unit apartment and 2 commercial space building.

    Lot size:
    0.07 Acres

    Property Features for 3227 S Halsted St

    General Information

    Lot size
    0.07 Acres

    Source: Sotheby's - Jameson | Lincoln Park Agent Erin McLaughlin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Mixed-Use Building For Sale

    This is a completely renovated solid brick building located in the heart of the Bridgeport neighborhood. It features nine apartment units and two commercial spaces, presenting an investment opportunity. The building includes an elevator, six units with two bedrooms and two baths, and three units with one bedroom and 1.5 baths. Some units have balconies. The commercial spaces are occupied by UPS and U.S. Postal uniforms. Each unit has a washer and dryer. There are nine indoor parking spaces. The building has separate gas and electric. The property is located near US Cellular Field, the Red Line, and the Halsted Street bus, and is close to the Orange Line.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mailman & Letter Carrier ... Uniform Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.6458745
    Latitude
    41.8356683

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    FAQs

    What type of property is this?
    Mixed-use property - Completely renovated 9-unit apartment and 2 commercial space building.
    Where is this mixed-use property located?
    The property is located at 3227 S Halsted St Chicago, IL.
    What is the asking price?
    The asking price for this property is $4,699,000.
    What are key features of this property?
    This property features: - Completely renovated, solid brick 9-unit apartment building with 2 commercial spaces.; - Turn-key investment: buy and immediately collect cash flow.; - **Elevator and in-unit washer & dryer.**
    (630) 263-8755
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    3227 S Halsted St Chicago, IL 60642
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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
    3227 S Halsted St Chicago, IL 60642
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