310 S Halsted Street,Chicago, IL 60661
Chicago, IL 60661
Description
RARE OPPORTUNITY. Fully operational Hostel/Rooming house which has gone an extensive renovation that rivals a modest hotel accommodation. This is a four story building with full basement originally erected in 1864, pre-dating the Great Chicago Fire of 1871. First floor is a 5,000 square foot restaurant space, formerly the Parthenon Restaurant. Restaurant kitchen is completely intact and fully equipped, black iron exhaust, all equipment is operational for turnkey operation. The upper three floors are a European Hostel which have been completely gut renovated into contemporary luxury rooms, shared bathrooms. All rooms have modern, contemporary beds, linens, furniture, cell phone charging stations, locker storage or built in surface tables for desk areas or computer stations. Over 140 beds. Capital improvements include tuck pointing, complete west side brick wall replacement, tar coated rubber roof with silver coating, all copper plumbing, newer mechanical systems, some separation of gas, electric and water meters. Three huge hot water tanks. Housekeeping washer and dryers. Restaurant storage in full basement; cooler, abundant storage, specific liquor storage, freezer, two sump pumps. Sophisticated camera/security system throughout premises. RMS run booking/accounting system for hostel already built and turnkey for next user/operator. DX-5 ZONING. 6,250 land square feet. Building is 27,404 square feet. Real Estate taxes successfully have been contested and reduced. Ask for additional information on financials, P/L, reduced tax bill, etc.
Details
| MLS # | 12744296 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1864 |
| Days On Site | 12 |
| Listing Provided By | Baird & Warner | Nicholas Colagiovanni |
Features
| Story(s) | 4 |
|---|---|
| Units | 1 |
| Zoning | COMMR |
Interior
| Cooling | Central Individual |
|---|
Utilities
| Electric | Service - 201 to 600 Amps |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 144549 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60661 |
| Area | CHI Near West Side |
| Listing VS Median (in 60661) | |
Price: $10,500,000 low | high Med: $365,000 On site: 12 low | high Med: 62 | |
Market Activity 60661
Request a showing
Request a showing
Contact
Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60661 |
| Area | CHI Near West Side |
| Listing VS Median (in 60661) | |
Price: $10,500,000 low | high Med: $365,000 On site: 12 low | high Med: 62 | |
