1238 W 51st Street, Chicago, IL 60609
1238 W 51st Street
$255,000
2,300 Sq.Ft.
1888 BUILT
3,000 Sq.Ft. LOT
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.

Area & Lot

Status
For Sale
Living Space
2,300 Sq.Ft.
Lot Size
3,000 Sq.Ft.
MLS® ID
11977360
Type
Commercial
Year Built
1888

Exterior

Stories
2
Roof
Composition
Air Conditioning
Window Unit(s)

Financial

Sales Price
$255,000
Real Estate Tax
$1,000/yr
Zoning
MULTI

Property Images

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