1238 West 51st Street
1238 West 51st Street
$255,000
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Description
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...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.
- Listed by Edgardo Guerrero • REMAX Legends
Property Details for 1238 West 51st Street
Area
CHI - New City
ZoningMULTI
Location
LISTING UPDATED: 02/11/2024 02:01 AM
Property Details for 1238 West 51st Street
Status | New |
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MLS # | 11977360 |
Days on Market | 147 |
Taxes | $1,000 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale |
Year Built | 1888 |
Lot Size | 0.07 AC / 3,000 SF |
County | Cook County |
Location
Building Information for 1238 West 51st Street
Stories-Residences3Year Built1888Lot Size0.07 AC / 3,000 SF
Payment Calculator
$1,475 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1238 West 51st Street
Property History for 1238 West 51st Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1238 West 51st Street
Taxable ValueLand$1,950Additions$2,550Total$4,500
Tax Record2022$926 ($77 / month)
Home Facts
Baths3.5Total Finished SqFt3,024 SqFtAbove Grade Finished SqFt3,024 SqFtStories2Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1891CountyCOOKAPN20-08-130-044
Schools near 1238 West 51st Street
This home is within City Of Chicago School District 299.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | 10 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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Libby Elementary School PublicPK to 8 | ||
Richards Career Academy High School Public9 to 12 | ||
Peace And Education Coalition High School Public10 to 12 | ||
Tilden Career Communty Academy High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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