Mixed-Use Property with
For Sale
$799,000
3635 South Halsted Street, Chicago, IL 60609
Brick construction combines a first-floor commercial layout with two upper-level residential units.
Property Size3,125 SF
Price / SF$255.68
Days on Market231
Property Features for 3635 South Halsted Street
General Information
Standard status
Active
Size
3,125 SF
Additional Details
Floor
1
Taxes and HOA fees
Annual Taxes
$10,447
Building Details
Year Built
1884
Stories
2
Construction
brick
Listing Agency:
Kale Realty
Listed By:
QianKun Chen · License #475171061
(312) 515-4617
Source:
Compass
Added: Feb 27
Changed: Oct 11
Last Checked: Oct 16 at 10:32AM
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 Kale Realty
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Investment Insights
Based on property information with market context.
Built in 1884, this 3,125-square-foot mixed-use property combines commercial and residential components. The ground level offers a storefront configuration with multiple areas, four office rooms, and two bathrooms. Two one-bedroom, one-bath rental units occupy the upper floor.
The building is located at 3635 South Halsted Street in Chicago, Illinois. Its brick face and roof are 2 years old, providing recently updated exterior and roofing components for the property.
The building is located at 3635 South Halsted Street in Chicago, Illinois. Its brick face and roof are 2 years old, providing recently updated exterior and roofing components for the property.
Key Highlights
- 3,125 SF mixed‑use property at 3635 South Halsted Street
- First‑floor commercial storefront with multiple areas
- Four office rooms and two bathrooms on the ground level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,050
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,000
$1.3M
Cap Rate 7%
$957,857
$957.9K
Cap Rate 9%
$745,000
$745.0K
Market Conditions
NOI Build-Up for 3,125 SF
Gross rent
$120.0K $38.40/SF
− Vacancy
−$30.6K −$9.79/SF
EGI
$89.4K $28.61/SF
− OpEx
−$22.4K −$7.15/SF
NOI
$67.1K $21.46/SF
Area
Chicago, IL
Vacancy
25.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,341,000
Cap Rate 7%
$957,857
Cap Rate 9%
$745,000
Alternative Uses
Best Use
Office B
$957.9K
$838.1K – $1.12M
NOI $67,050 @ 7.0% cap · market cap 8.39%
Second Best
Mixed Use
$753.3K
$659.2K – $878.9K
NOI $52,734 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,140 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Chicago, IL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines a first-floor commercial layout with two upper-level residential units.
Where is this mixed-use property located?
The property is located at 3635 South Halsted Street Chicago, IL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,125 SF mixed‑use property at 3635 South Halsted Street; First‑floor commercial storefront with multiple areas; Four office rooms and two bathrooms on the ground level
