1521 W 51st Street
Chicago, IL 60609

Sold

Sold for $145,000 on May 19, 2025

Description

**Attention Investors and First-Time Homebuyers!** This **huge** property is being offered **"as is,"** providing a tremendous opportunity for those seeking a project or an income-generating asset. The building offers substantial space, making it an excellent choice for investors looking to capitalize on rental income potential. The main level features a spacious office area, ideal for use as a personal business space or leased out for commercial purposes. This is a prime location for anyone wanting to start or expand a commercial business. The second level consists of a two-bedroom apartment, which offers significant potential but does require some tender loving care (TLC) to fully realize its value. With the right vision and investment, this property can serve as a multi-income opportunity, offering both residential and commercial options. Agents read remarks prior to showing, thanks!

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Closed
• Listing Price: $149,999
• County/Area: Cook County
• Zip Code: 60609
• Year Built: 1900
• Sq.Ft.: 2,850 sq ft
• Stories: 2
• Units: 2 units
• Zoning: MULTI
• Approximate Age: Older
• Building Area Total: 2850
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: i94 w to exit 57 toward garfield blvd merge onto s wentworth left on garfield right onto racine left on 51st
• Electric: Circuit Breakers
• Fire Protection: Fire Extinguisher/s
• Foundation Details: Concrete Perimeter
• Heat/Ventilation: Gas
• Indoor Parking: 1-5 Spaces
• Lot Size Square Feet: 3024
• Main Type: Commercial Sale
• Ownership Type: Sole Proprietor
• Roof: Composition
• Tax Annual Amount: 1045
• Tax Year: 2022
• Tenant Pays: Electricity, Heat
• Township: Lake