REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 10,500,000
Est. payment /mo
New
310 S Halsted ST Chicago, IL 60661
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12744296
Year Built 1864
Annual Tax Amount $144,549
Tax Year 2024
Lot Dimensions 50*125
Property Sub-Type Mixed Use
Property 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.
Location
State IL
County Cook
Area Chi - Near West Side
Zoning COMMR
Interior
Cooling Central Individual
Fireplace N
Building
Dwelling Type Mixed Use
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Nicholas Colagiovanni of Baird & Warner