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1238 W 51st Street
Chicago IL 60609 US

$255,000

Active Listing ID 11977360
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$255,000

Active Listing ID 11977360
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1238 W 51st Street 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.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other
  • Features
  • Cooling System: Window Unit(s) A/C
  • Roof Type: Composition

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 255000
  • unparsedaddress: 1238 W 51st Street
  • postalcity: Chicago
  • stateorprovince: IL
  • country: US
  • postalcode: 60609
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Acres
  • livingarea: 2300
  • livingareaunits: Square Feet
  • latitude: 41.801686
  • longitude: -87.656642
  • listagentfullname: Edgardo Guerrero
  • listagentemail: edgar-guerrero@att.net
  • listagentkey: 3yd-MREDIL-874979
  • listagentmlsid: 874979
  • listagentpreferredphone: 3124659778
  • listagentofficephone: 6302168000
  • listofficekey: 3yd-MREDIL-87421
  • listofficemlsid: 87421
  • disclaimer: Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MREDIL
  • yearbuilt: 1888
  • listingcontractdate: 2024-02-08
  • listagenturl: https://soldbylegends.com/
  • countyorparish: Cook
  • parcelnumber: 20081300440000
  • cooling: Window Unit(s) A/C
  • constructionmaterials: Brick, Vinyl Siding
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -87.656642, 41.801686
  • customfields: {"AlternatePrices":[], "Expenses":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://listings.listhub.net/pages/MREDIL/11977360/?channel=rexren", "LeadRoutingEmail":"edgar-guerrero@att.net", "BrokerName":"RE/MAX Legends", "ListingTitle":"Apts/Stores - Chicago, IL", "ListOfficeBrokerMlsId":null, "ListOfficeEmail":"mimi.luna@reluxegroup.com", "ListOfficeAddress1":"17W480 22ND ST", "ListOfficeAddress2":null, "ListOfficeCity":"Oak Brook Terrac", "ListOfficePostalCode":"60181", "ListOfficeStateOrProvince":"IL", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"RE/MAX Legends", "ListBrokeragePhone":"(708) 271-5613", "ListBrokerageEmail":"mimi.luna@reluxegroup.com", "ListBrokerageWebsiteUrl":"https://soldbylegends.com/", "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"17W480 22nd St", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Oakbrook Terrace", "ListBrokerageStateOrProvince":"IL", "ListBrokeragePostalCode":"60181", "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-02-09T11:46:03Z", "Neighborhoods":[{"Name":"CHI - New City", "Description":null}], "Taxes":[{"TaxYear":"2021", "TaxAnnualAmount":1000, "TaxDescription":null}]}
Listing Changed: 3/26/2024 2:29:18 PM GMT
Source Updated Date: 4/30/2024 6:49:39 AM GMT

Courtesy of: Edgardo Guerrero, REMAX Legends, edgar-guerrero@att.net

Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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