Chicago, IL 60615 118 E 51st Street
$899,000



9 more









Presented By: Realty of America, LLC
Home Details
This Prime Commercial Investment Opportunity In The Bronzeville/Washington Park Area Is Available And Waiting For You! Discover a well maintained 6-unit retail building located in one of Chicago's fastest growing corridors. Units range from 1,100-3,500 sq ft, offering flexible layouts ideal for a variety of commercial uses. The property features 2 occupied units...a liquor store & mart and nail salon, providing immediate rental income. The corner restaurant unit was rehabbed just 3 years ago. The restaurant, single storefront and a larger double unit are currently vacant, offering potential for owner-users or investors looking to increase cash flow. Situated in a high foot traffic area, this property benefits from strong neighborhood activity, street parking and close proximity to public transportation. Surrounded by ongoing new developments and located just minutes from the highly anticipated Obama Presidential Center, this location is poised for continued growth and long term appreciation on the South Side!
Presented By: Realty of America, LLC
General for 118 E 51st Street
Additional Parcels Y/NNo
Assoc Fee Paid PerNot Applicable
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseCommercial
DirectionsNWC of 51st St and Indiana Ave
ElectricCircuit Breakers, Service - 101 to 200 Amps
Gross Income
Leasable Area3600
Lease TypeGross
Lot Size Square Feet11520
MLS AreaCHI - Grand Boulevard
Net Operating Income0
Number Of Units Total6
Operating Expense0
Property SubtypeRestaurant
Property TypeCommercial Sale
Property TypeRetail/Stores
Standard StatusActive
StatusActive
Stories Count1
Tax Annual Amount42542.21
Tax Year2024
Tenant PaysAir Conditioning, Electricity, Heat, Janitorial Service, Operating Stops, Repairs, Scavenger
TownshipHyde Park
Year Built1898
ZoningCOMMR
Exterior for 118 E 51st Street
Building Area Total11000
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions11520
Additional Details
Price History

SQFT • 11,000