Property Overview

Interra Realty has been exclusively engaged to bring to market 2652 N Halsted St, a five (5) unit mixed use asset in the heart of Lincoln Park. Located just off the corner of Halsted and Wrightwood, this property boasts a 97 walk score and is within a few blocks from the Diversey CTA Purple and Brown lines and DePaul University.

The property consists of a front three story Greystone building with one street front retail space and two (2) three bed, two bath units above. The coach house comprises of two (2) units including one(1) two bed, two bath unit and one (1) three bed, two bath duplex up unit. All residential units were gut rehabbed in 2018 and feature new kitchens and bathrooms with quartz counter tops, newly stained hardwood floors, in-unit washer and dryer and central HVAC. The front building offers tenants with large rear steel decks.

The street front commercial space is home to Tandoor Char House who has been in place since 2012 which is currently undergoing an indoor renovation of their space to modernize for patrons. Retail tenant responsible for 50% of all water/sewer costs, 30% of property taxes above minimum threshold amount, utility expense, trash, and repairs. Tenant has one (1) 5 year extension option remaining through 12/31/2030

Capex projects completed: New electrical throughout, newer steel porches, copper plumbing in front building, new coach house roof, rebuilt parapet walls, tuckpointing and more.

Highlights

  • 5 Unit Mixed Use Asset in Prime Lincoln Park Location
  • High Visibility Location Along Halsted Street
  • Retail Tenant: Restaurant in Place Over 10 Years – Currently Remodeling Space toAdd Dining Space, Rehab Bathrooms and Modernize
  • Retail Tenant CAM: 50% of H20, 30% of RE Taxes Over Threshold
  • Retail Tenant: One (1) 5 Year Extension Option Remaining Through 12/31/2030
  • Residential Units (2018 Rehab) with Mix of Two and Three Bed Units
  • Capex: CH Tear Off Roof, Parapet Wall Rebuilt, Tuckpointing and More

Key Details

NUmber of Units
Five (5)
Submarket
Lincoln Park