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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.

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