Turnkey Mixed-Use
For Sale
$2,250,000
3542 N Halsted Street, Chicago, IL 60657
Modernized mixed-use property with commercial and residential units.
Property SizeContact for details
Days on Market226
Property Features for 3542 N Halsted Street
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$32,194
Amenities
Central air
Central Air Cooling
Central Individual Cooling
Building Details
Year Built
1903
Listing Agency:
@PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE
(773) 432-0200
Listed By:
URAI CHIYA · License #471013266
Source:
Corcoran
Added: Jan 10
Changed: Aug 14
Last Checked: Aug 14 at 6:01AM
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 @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE
Investment Insights
Based on property information with market context.
This fully modernized mixed-use property at 3542 N Halsted Street presents an exceptional investment opportunity with a nearly 6% cap rate. The property features a total mechanical overhaul completed in 2025, offering a rare "zero-deferred-maintenance" profile in the heart of Northalsted/Lakeview. Major capital upgrades in 2025 include a new roof and new high-efficiency HVAC systems for the restaurant and both residential units, contributing to low operating expenses due to new infrastructure and optimized utilities. The ground-floor restaurant features a newly finished basement (2025) for expanded operations/storage and brand-new 2025 HVAC. The property has prime Halsted frontage located in the center of the entertainment circuit, just 0.3 miles from Wrigley Field, providing massive game-day foot traffic. The property includes two sprawling 3BR/2BA residential units. Both units feature granite/stainless kitchens and in-unit washer/dryers. Unit 2 was upgraded in 2023, and Unit 3, upgraded in 2022, features 2025 HVAC and views with a patio. Additional income is generated from parking. The location has a "Walker's Paradise" score of 96 and is steps to Whole Foods, the Addison Red Line, and the Belmont Theater District. It is ideal for 1031 Exchange or an owner-operator seeking a stabilized, high-appreciation asset in a "Class A" location.
Key Highlights
- Fully modernized with major capital upgrades completed in 2025
- Prime Northalsted/Lakeview location, a "Walker's Paradise"
- High‑traffic Halsted frontage near Wrigley Field, ideal for the ground‑floor restaurant
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,897
Businesses Nearby
Explore this area
Business Placement
Demographics for 60657, IL
72,316
Population
42,246
Households
1.7
Avg Household Size
32
Median Age
87%
College-Educated
99%
High-School Grad
2.2 sq mi
ZIP Area
32,871
Density / Sq Mi
$109,025
Median Household Income
$77,731
Median Earnings
$1,839
Median Rent
$534,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Modernized mixed-use property with commercial and residential units.
Where is this mixed-use property located?
The property is located at 3542 N Halsted Street Chicago, IL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Fully modernized with major capital upgrades completed in 2025; Prime Northalsted/Lakeview location, a "Walker's Paradise"; High‑traffic Halsted frontage near Wrigley Field, ideal for the ground‑floor restaurant
