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1938-42 Halsted Street

HUGE VALUE-ADD OPPORTUNITY - 6 unit, 2 building complex on a sought-after Halsted Street double lot. Located in the heart of Chicago's affluent Lincoln Park neighborhood, this property is offered at an exceptionally high 5.74% cap rate. Currently 100% leased at below market rents and also contains 9 exterior parking spaces which can be leased month-to-month or rented out to Spot Hero/ParqEx (not included in income assertions). The 1938 side features THREE 2-bed/1-bath units. The 1942 side features TWO 2-bed/1-bath units as well as a 3-bed/2-bath duplex-up apartment. Opportunity to either renovate unit interiors and increase rental rates OR teardown and build new apartments or condominiums across the double lot using the existing RT-4 zoning. 90-day kick-out clause on all existing leases. Showings by appointment only and requires a minimum of 72 hours' notice. Register your interest today, this opportunity will not last long!

Essential Information

  • MLS® #10627392
  • Price$2,299,000
  • Acres0.07
  • Year Built1886
  • TypeCommercial
  • Sub-TypeMulti Family 5+
  • StatusActive

Community Information

  • Address1938-42 Halsted Street
  • AreaCHI - Lincoln Park
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60614


  • Parking Spaces9


Curbs and Gutters, Lighting/Exterior, Sidewalks, Cable Ready


  • HeatingGas, Separate Per Unit
  • CoolingCentral Air
  • FireplaceYes
  • # of Fireplaces1
  • Stories3


  • ExteriorBrick
  • RoofPitched
  • ConstructionBrick
  • FoundationConcrete

Additional Information

  • Days on Website122
  • ZoningMULTI
  • Taxes$33,751

Listing Details

  • OfficeChase Real Estate LLC
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Price Change History for 1938-42 Halsted Street, Chicago, IL (MLS® #10627392)

Date Details Price Change
Price Change
Price Reduced (from $2,395,000) $2,299,000 $96,000 (4.01%)
Active (from New)

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than @Properties are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on June 6th, 2020 at 3:35am CDT.