Mixed-Use Apartment and Retail
2150 North Halsted Street Chicago, IL 60614
2150 North Halsted Street, Chicago, IL, 60614
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For Sale
Contact for pricing
Four two-bedroom units plus one three-bedroom unit sit above a 2,000 SF retail space with a full basement.
Property Size7,650 SF
Price / SF$362.75
Days on Market66
Property Features for 2150 North Halsted Street
General Information
- Standard status
- Active
- Size
- 7,650 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 1901
Listing agency
eXp Commercial, LLC.
(847) 644-2757
Listed by
Jordan Schnoll · License #IL 471000799
Source
Crexi
Added: May 18 Updated: Jul 20 at 9:15PM Checked: Jul 21 at 10:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial, LLC.
Investment Insights
Based on property information with market context.
This high-profile mixed-use property includes four two-bedroom, one-bath apartments and one three-bedroom, two-bath apartment. Each unit features an in-unit washer and dryer. In addition, there is a 2,000 SF retail space with a full basement.
A new HVAC unit has recently been installed in the retail space, supporting continued tenant comfort and building operations. The property is offered for sale.
Overall, the building is configured to combine residential income units with dedicated retail space, providing an integrated residential and commercial layout under one roof.
A new HVAC unit has recently been installed in the retail space, supporting continued tenant comfort and building operations. The property is offered for sale.
Overall, the building is configured to combine residential income units with dedicated retail space, providing an integrated residential and commercial layout under one roof.
Key Highlights
- Four 2‑bedroom, 1‑bath apartments plus one 3‑bedroom, 2‑bath apartment
- All apartment units include in‑unit washer and dryer
- 2,000 SF retail space with a full basement
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.9k | $29.40 |
| − Vacancy | −$11.7k | −$1.53 |
| EGI | $213.2k | $27.87 |
| − OpEx | −$95.9k | −$12.54 |
| NOI | $117.3k | $15.33 |
7,650 SF · lease $29.40/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.68M
$1.47M – $1.95M
NOI $117,268 @ 7.0% cap · market cap 4.23%
Second Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,836 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,487 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Four two-bedroom units plus one three-bedroom unit sit above a 2,000 SF retail space with a full basement.
Where is this apartment building located?
The property is located at 2150 North Halsted Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,775,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath apartments plus one 3‑bedroom, 2‑bath apartment; All apartment units include in‑unit washer and dryer; 2,000 SF retail space with a full basement
