5517 S Halsted Street Chicago, IL ^$ 235,000

5517 S Halsted Street

^$ 235,000

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5517 S Halsted Street

Chicago, IL, 60621

^$ 235,000

Bedrooms-- Baths-- Sq 3,750

5517 S Halsted Street, Chicago, IL 60621 - Image 1

5517 S Halsted Street, Chicago, IL 60621 - Image 2

5517 S Halsted Street, Chicago, IL 60621 - Image 3

5517 S Halsted Street, Chicago, IL 60621 - Image 4

5517 S Halsted Street, Chicago, IL 60621 - Image 5

5517 S Halsted Street, Chicago, IL 60621 - Image 6

5517 S Halsted Street, Chicago, IL 60621 - Image 7

5517 S Halsted Street, Chicago, IL 60621 - Image 8

Property for Rent in Chicago, IL

for $235,000. This 3,750 square foot property was built in 1894 on a lot size of 0.141185.

Take advantage of this exciting business opportunity! In the four-bedroom apartment above the storefront, you can join other small business owners living close to their businesses. Property values are rapidly increasing as the area undergoes significant gentrification, with new developments being introduced. This opportunity is situated on a high-traffic street near a major intersection. The property comprises two lots and features a 13-car parking lot, currently leased to an adjacent business. Additionally, the property features a two-car garage. Both the apartment and storefront are presently rented, albeit at a below-market value, which still provides immediate cash flow. The current tenants also cover their utilities. The time to invest is now!

Rental Active

Price

^$ 235,000

Taxes

^$ 13,769

Style

Commercial

Lot Size

0.141185

Year Built

1894

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12346400

Features

General

Sewer Storm Sewer

Cooling None

Utilities Electricity Available Natural Gas Available Sewer Connected Water Available

Possession Closing

Roof Tar/Gravel

Zoning COMMR

Construction Materials Brick Vinyl Siding

Year Built 1894

Electric Circuit Breakers Service - 101 to 200 Amps

Tenant Pays Electricity Heat

Stories Count 2

Township Lake

Property Subtype Mixed Use

Tax Year 2023

Current Use Commercial

Gross Income 31800

County Cook

Net Operating Income 10600

Operating Expense 4785

Insurance Expense 2656

Property Type Commercial Sale Mixed Use

Possible Use Commercial Office Multi-Family Retail

Status Active

Directions 55th St. to Halsted St. south to the property.

City Chicago

Number Of Units Total 2

MLS Area CHI - Englewood

Lot Size Square Feet 6150

Tax Annual Amount 13769

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N Y

Lease Type N/A

Standard Status Active

Cap Rate 9

Interior

Flooring Carpet Vinyl

Total Fireplaces 0

Exterior

Water Source Municipal Water

Foundation Details Concrete Perimeter

Building Area Total 3750

Lot Dimensions 50X123

Frontage Type City Street

* Excluded Features

List By

Re/Max 10

Broker

milt@miltpayton.com

Nearby

Trends
Schools

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/24/2025	$235,000	-14.51%	Price Down
4/24/2025	$274,900		Listed Price

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5517 S Halsted Street, Chicago, IL, 60621 is a Property for Rent at $235,000 with 3,750 sqft and a lot size of 0.141185. 5517 S Halsted Street was built in 1894. The property's zip code is 60621 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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 Weichert Realtors 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.

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Data is updated as of 12/18/2025.

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5517 S Halsted Street

Property for Rent in Chicago, IL

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