Mixed-Use Building with
For Sale
$799,900
3511 S Halsted St, Chicago, IL 60609
Remodeled in 2019, the property combines a commercial storefront with leased residential units and public-transit access.
Property Size5,000 SF
Price / SF$159.98
Days on Market48
Property Features for 3511 S Halsted St
General Information
Standard status
Active
Size
5,000 SF
Site & Location
Neighborhood
Lakeview East
Building Details
Year Built
1886
Listing Agency:
RE/MAX Top Performers
Listed By:
Khaliun Amarjargal · License #475182338
(847) 295-0800
Source:
Bktchicago
Added: Sep 8
Changed: Oct 4
Last Checked: Oct 7 at 3:25PM
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 RE/MAX Top Performers
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Investment Insights
Based on property information with market context.
Located at 3511 S Halsted St in Chicago, this 5000-square-foot mixed-use building contains one retail storefront and two residential units. Each residence is configured with 2 bedrooms and 1 bathroom. The property underwent a full remodel in 2019 and has been maintained since the renovation.
The building is 100% leased and includes tenants occupying both the commercial and residential components. Lease terms are currently month-to-month, while one tenant has an extension in place through June of 2027. The property is situated near neighborhood amenities, dining, shopping, and public transportation.
The building is 100% leased and includes tenants occupying both the commercial and residential components. Lease terms are currently month-to-month, while one tenant has an extension in place through June of 2027. The property is situated near neighborhood amenities, dining, shopping, and public transportation.
Key Highlights
- 5000‑square‑foot mixed‑use building at 3511 S Halsted St, Chicago, IL 60609
- One retail storefront plus two residential units
- Each residential unit includes 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,174
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,480
$1.4M
Cap Rate 7%
$988,200
$988.2K
Cap Rate 9%
$768,600
$768.6K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$108.0K $21.60/SF
− Vacancy
−$9.2K −$1.84/SF
EGI
$98.8K $19.76/SF
− OpEx
−$29.6K −$5.93/SF
NOI
$69.2K $13.83/SF
Area
Chicago, IL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,383,480
Cap Rate 7%
$988,200
Cap Rate 9%
$768,600
Alternative Uses
Best Use
Mixed Use
$1.21M
$1.05M – $1.41M
NOI $84,375 @ 7.0% cap · market cap 10.55%
Second Best
Apartment 5plus
$1.09M
$958.1K – $1.28M
NOI $76,646 @ 7.0% cap · market cap 9.58%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,024 @ 7.0% cap · market cap 20.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,897
Businesses Nearby
223k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 31%
Groceries 24%
Home Improvements & Furnishings 3%
Jewel-Osco
Groceries
36,425 visits/mo
0.2 miles
Shell
Shops & Services
21,286 visits/mo
0.1 miles
Chick-fil-A
Dining
19,353 visits/mo
0.3 miles
Fifth Third Bank & ATM
Shops & Services
17,071 visits/mo
0.4 miles
Whole Foods Market
Groceries
16,040 visits/mo
0.2 miles
Demographics for 60609, IL
65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Remodeled in 2019, the property combines a commercial storefront with leased residential units and public-transit access.
Where is this mixed-use property located?
The property is located at 3511 S Halsted St Chicago, IL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 5000‑square‑foot mixed‑use building at 3511 S Halsted St, Chicago, IL 60609; One retail storefront plus two residential units; Each residential unit includes 2 bedrooms and 1 bathroom
