1507 West 51st Street

Chicago, IL 60609

$249,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Introducing a remarkable mixed-use commercial property located in southwest chicago. This enticing listing offers a prime opportunity for investors or business owners seeking a turnkey operation. The first floor is a thriving barber shop, currently in use and successfully owned, boasting brand new electrical wiring. Above, a spacious three-bedroom, one-bathroom apartment awaits, providing comfortable living quarters. The entire property has been meticulously maintained, with recent upgrades. With...Introducing a remarkable mixed-use commercial property located in southwest chicago. This enticing listing offers a prime opportunity for investors or business owners seeking a turnkey operation. The first floor is a thriving barber shop, currently in use and successfully owned, boasting brand new electrical wiring. Above, a spacious three-bedroom, one-bathroom apartment awaits, providing comfortable living quarters. The entire property has been meticulously maintained, with recent upgrades. With low taxes and the potential to generate $4,000 per month in rental income, this property presents an enticing investment opportunity.
  1. Listed by Daniel Walsh • Prime Real Estate Group Inc

Property Details for 1507 West 51st Street

Area
CHI - New City

Location

Listing Courtesy of Prime Real Estate Group Inc
Add your commute
LISTING UPDATED: 02/01/2024 12:07 AM

Property Details for 1507 West 51st Street

StatusActive
MLS #11968499
Days on Market170
Taxes$1,609 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1895
Lot Size0.08 AC / 3,350 SF
CountyCook County

Location

Listing Courtesy of Prime Real Estate Group Inc
Add your commute

Building Information for 1507 West 51st Street

Stories-Residences2Year Built1895Lot Size0.08 AC / 3,350 SF

Payment Calculator

$1,498 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$134

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1507 West 51st Street

General Information
Location and General Information
  • Geographic Locale: Chicago Southwest
  • Information: Short Notice OK
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: None
  • Electric: Service - 101 to 200 Amps
  • Heat/Ventilation: Forced Air
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Property/Lot Information
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 30X130
  • Lot Size Square Feet: 3350.0
  • Stories: 2
  • Fire Protection: Alarm Monitored,Carbon Monoxide Detector(s)
  • # Of Offices: 1
  • # Of Stores: 1
  • Property Sub Type: Apts/Stores
Property and Assessments
  • Public Document Count: 0
  • Photos Count: 12
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $50,000.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Total Monthly Income: 40000
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 1507 West 51st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1507 West 51st Street

Taxable ValueLand$1,965Additions$6,034Total$7,999
Tax Record2022$1,655 ($138 / month)
Home Facts
Baths2Total Finished SqFt1,680 SqFtAbove Grade Finished SqFt1,680 SqFtStories2Lot Size3,024 SqFtStyleMulti-Family Res (5+ Units)Year Built1893CountyCOOKAPN20-08-301-009

Schools near 1507 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
Charter - K to 8
Rating
School
Distance
Libby Elementary School
PublicPK to 8

Richards Career Academy High School
Public9 to 12

CICS Basil
CharterK to 8

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1507 West 51st Street is a mixed use property for sale in Chicago, IL 60609. This property was listed for sale on January 26, 2024 by Prime Real Estate Group Inc, it's currently listed at $249,900. It has been on the market for a total of 170 days and was last sold on September 13, 2017. This listing's school district is City Of Chicago School District 299. Nearby schools include Libby Elementary School, Richards Career Academy High School and Peace And Education Coalition High School. 1507 West 51st Street is a 0-bed, 0-bath, mixed use property built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Prime Real Estate Group Inc

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.