Hi There! Is this Your First Time?

Did you know if you Register you have access to free search tools including the ability to save listings and property searches? Did you know that you can bypass the search altogether and have listings sent directly to your email address? Check out our how-to page for more info.

  • Price$255,000
  • Built1888

1238 West 51st Street, Chicago

Presenting an exceptional income-generating mixed-use multi-family property situated in the sought-after Back of the Yards neighborhood. Comprising two spacious 2-bedroom apartments, an large unfinished attic, and a generously sized open storefront, this property offers diverse revenue streams. Additionally, a full basement with high ceilings currently serves as a workshop for the commercial space tenants. The storefront is presently leased on a month-to-month basis to a neighboring school, utilized for enriching art classes. Enhancing its appeal, the property includes a two-car brick garage. Ideal for investment purposes, this property accommodates various strategies, whether as an owner-occupied residence with rental income, or full tenancy across all units. Contact your local agent to arrange showings. Tenants are responsible for all utilities, and the property is sold as-is. Notably, the adjacent vacant lot, owned by 'The City of Chicago,' presents a compelling opportunity for potential expansion, enriching the value proposition of this exceptional investment.

Essential Information

  • MLS® #11977360
  • Price$255,000
  • Bathrooms0.00
  • Acres0.00
  • Year Built1888
  • TypeCommercial Sale
  • Sub-TypeMixed Use
  • StatusActive
  • Taxes$1,000

Interior

  • CoolingWindow Unit(s)

Additional Information

  • Days on Market99
  • ZoningMULTI

Community Information

  • Address1238 West 51st Street
  • AreaCHI - New City
  • CityChicago
  • CountyCook
  • StateIL
  • Zip Code60609

Exterior

  • ExteriorVinyl Siding,Brick
  • RoofComposition

Listing Details

  • Listing OfficeRemax Legends

Price Change History for 1238 West 51st Street, Chicago, IL (MLS® #11977360)

Date Details Price Change
Active (from New)
Please provide a valid email address.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Gold Coast Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on May 18th, 2024 at 2:52am CDT.