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$ 1,100,000
Est. payment /mo
New
118 E 51st ST Chicago, IL 60615
11,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 11,000 sqft
Price per Sqft $100
MLS Listing ID 12527384
Year Built 1898
Annual Tax Amount $42,542
Tax Year 2024
Lot Dimensions 11520
Property Sub-Type Retail/Stores
Property Description
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 3 occupied units...a corner restaurant, liquor store & mart and nail salon, providing immediate rental income. The restaurant unit was rehabbed just 3 years ago. One 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!
Location
State IL
County Cook
Area Chi - Grand Boulevard
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Retail/Stores
Structure Type Brick
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Perdure Carter of Realty of America, LLC
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