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3542 N Halsted St Chicago, IL 60657

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For Sale
$2,250,000

Modernized mixed-use property with commercial and residential units.

Property Features for 3542 N Halsted St

General Information

Standard status
Active

Building Details

Year built
1903

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Listing Contact
Urai Chiya
Urai Chiya
Source: Corcoran

Listing Agency: @PROPERTIES CHRISTIE'S INTERNATIONAL REAL ESTATE Listing Agent: Urai Chiya

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

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Overview

Turnkey Mixed-Use Gem

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.
Location Intelligence

Current Use by Public Records

Diva Thai & Sushi ... Restaurant

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.6498175
Latitude
41.9467388

FAQs

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 St 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
More about this property
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