FULLY MODERNIZED TURNKEY MIXED-USE GEM! nearly 6 Cap Rate. Exceptional investment opportunity at 3542 N Halsted with a total mechanical overhaul completed in 2025, offering a rare "zero-deferred-maintenance" profile in the heart of Northalsted/Lakeview. 2025 MAJOR CAPITAL UPGRADES: Total peace of mind with a NEW ROOF (2025) and NEW high-efficiency HVAC SYSTEMS (2025) for the restaurant and both residential units. Low operating expenses due to new infrastructure and optimized utilities. PREMIER COMMERCIAL ANCHOR: Ground-floor restaurant features a NEWLY FINISHED BASEMENT (2025) for expanded operations/storage and brand-new 2025 HVAC. Prime Halsted frontage located in the center of the entertainment circuit, just 0.3 miles from WRIGLEY FIELD for massive game-day foot traffic. Modern Residential: Two sprawling 3BR/2BA units. Both units feature Granite/Stainless kitchens, and the ultimate rental driver: IN-UNIT WASHER/DRYERS. Unit 2 upgraded in 2023; Unit 3, upgraded in 2022, features 2025 HVAC and views with a patio. an additional income from parking. UNBEATABLE LOCATION: "Walker's Paradise" (96 Score). Steps to WHOLE FOODS, the ADDISON RED LINE, and the Belmont Theater District. Ideal for 1031 Exchange or owner-operator seeking a stabilized, high-appreciation asset in a "Class A" location.
| MLS # | 12544665 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1903 |
| Days On Site | 230 |
| Listing Provided By | @properties Christie's International Real Estate | Urai Chiya |
| SQ Feet | 3,075 |
|---|---|
| Story(s) | 3 |
| Units | 3 |
| Zoning | COMMR |
| Acreage | 3075.00 |
| Cooling | Central Air, Central Individual |
|---|
| Foundation Details | Concrete Perimeter |
|---|---|
| Construction Materials | Brick |
| Electric | Circuit Breakers |
|---|
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 32194 |
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60657 |
| Area | CHI Lake View |
| Listing VS Median (in 60657) | |
Price: $2,250,000 low | high Med: $349,748 sqft: 3,075 low | high Med: 1,200 $ / sqft: $732 low | high Med: $291 On site: 230 low | high Med: 15 | |
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60657 |
| Area | CHI Lake View |
| Listing VS Median (in 60657) | |
Price: $2,250,000 low | high Med: $349,748 sqft: 3,075 low | high Med: 1,200 $ / sqft: $732 low | high Med: $291 On site: 230 low | high Med: 15 | |