New Listing
$600,000
( $67.50Per Sq Foot )
 $3,221 est/mo Sourced by Back At You

1801 W 51st Street,Chicago, IL 60609

Chicago, IL 60609

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Description

$600,000 INVESTMENT PACKAGE - THREE PROPERTIES BEING SOLD TOGETHER AS ONE PACKAGE! RARE OPPORTUNITY TO ACQUIRE MULTIPLE NEIGHBORING INCOME-PRODUCING AND VALUE-ADD PROPERTIES IN ONE TRANSACTION. ANCHORED BY THE CORNER PROPERTY AT 1801-1803 W 51ST ST, FEATURING 5 RESIDENTIAL APARTMENTS PLUS 2 STREET-LEVEL STOREFRONTS, HIGH-VISIBILITY CORNER EXPOSURE, AND A HUGE PARKING LOT IN THE REAR. RESIDENTIAL UNIT MIX CONSISTS OF (1) 1-BEDROOM, (3) 2-BEDROOM AND (1) 3-BEDROOM APARTMENT. THE APARTMENTS ARE CURRENTLY RENTED AND GENERATING INCOME, WHILE BOTH COMMERCIAL STOREFRONTS REQUIRE COMPLETE REHAB AND OFFER MAJOR UPSIDE FOR ADDITIONAL FUTURE INCOME. NEXT DOOR, 1805 W 51ST ST IS A COACH HOUSE FEATURING A 1-BEDROOM/1-BATH UNIT THAT IS CURRENTLY RENTED. DIRECTLY BEHIND THE CORNER PROPERTY, 5112 S WOOD ST IS A 2-UNIT BUILDING CONSISTING OF (2) 2-BEDROOM/1-BATH UNITS THAT REQUIRE COMPLETE REHAB. THIS PACKAGE OFFERS A UNIQUE COMBINATION OF EXISTING CASH FLOW, 8 TOTAL RESIDENTIAL UNITS, 2 COMMERCIAL STOREFRONTS, CORNER EXPOSURE, A LARGE REAR PARKING LOT, AND SIGNIFICANT VALUE-ADD POTENTIAL. IDEAL FOR AN INVESTOR OR DEVELOPER LOOKING TO RENOVATE, STABILIZE, INCREASE RENTS AND MAXIMIZE THE INCOME POTENTIAL OF AN ENTIRE GROUP OF NEIGHBORING PROPERTIES. SOLD AS A PACKAGE FOR $600,000 - CASH FLOW IN PLACE WITH SUBSTANTIAL UPSIDE! SERIOUS BUYERS ONLY. PROOF OF FUNDS REQUIRED PRIOR TO ANY SHOWING REQUEST BEING APPROVED. PLEASE DO NOT DISTURB TENANTS.

Details

MLS #12742649
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1911
Days On Site5
Listing Provided ByPrime Real Estate Group Inc | Daniel Walsh

Features

SQ Feet8,889
Story(s)2
Units10
ZoningCOMMR

Interior

CoolingNone

Exterior

Construction MaterialsBrick

Utilities

ElectricCircuit Breakers

Taxes

Tax Year2024
Tax Annual Amount7325.84

Area Information

StateIL
CountyCook
CityChicago
Zip Code60609
AreaCHI New City
Listing VS Median (in 60609)
Price:
$600,000
low | high
Med:
$242,500
100% of Average
sqft:
8,889
low | high
Med:
1,101
100% of Average
$ / sqft:
$67
low | high
Med:
$275
100% of Average
On site:
5
low | high
Med:
58.5
8.547008547009% of Average
Sourced by Back At You

Market Activity 60609

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Additional Information

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Contact

Learn More About This Property

Daniel and Associates Real Estate

Daniel and Associates Real Estate

 (630) 231-8090daareoffice@daare.com
StateIL
CountyCook
CityChicago
Zip Code60609
AreaCHI New City
Listing VS Median (in 60609)
Price:
$600,000
low | high
Med:
$242,500
100% of Average
sqft:
8,889
low | high
Med:
1,101
100% of Average
$ / sqft:
$67
low | high
Med:
$275
100% of Average
On site:
5
low | high
Med:
58.5
8.547008547009% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $450K - $750K
sqft: 6,500 - 11,000
Nearby Listings Property ImageNearby Listings Details
1949 W 48th Street Property Photo 1
$425,000
1949 W 48th Street
Chicago, IL 60609
Listing Updated: August 26, 2026 at 4:30:12 PM PDT
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