1825 North Halsted Street
Closed
Lincoln Park
$1,187,500
Whether you’re considering selling or buying a multi-family property, the time is ripe for action.. Buyers can unlock New Opportunities with as low as 5% down (owner occupy) with the changing landscape in the multi-family space as the recent decision by Fannie Mae and Freddie Mac to lower the required down payment for owner-occupant purchases. The down payment requirement has dropped from 15%-25% to an astonishingly low 5% for 2-4 unit properties. This move has opened the doors for new buyers, creating a surge in demand for multi-family units in Chicago. Sellers looking to exit could be in a great position with this increased demand.
Property Type
Bedrooms
10
Bathrooms
6
Half Baths
0
Square Footage
5146
Unit Count
6
Year Built
1878
Neighborhood
Lincoln Park
Multi Family
Property Details
Listing Agent:
Jason Rowland
312.927.1942
Lincoln Park Building for sale for a redevelopment play on 33X131 Lot / Zoned RM 4.5. Survey available upon request. 1825 N Halsted is landlocked and will need underground parking like the four neighboring buildings in a row to the south. Three units of the five are currently occupied and on month-to-month leases ($2,750 Monthly Net Rental income) and there are two vacant units not actively pursuing new tenants. No interior showings - Drive by only. I have included a video to help your developers grab a quick view of the property.