100-116 E 51st Street Chicago, IL $ 1,350,000
100-116 E 51st Street
$ 1,350,000
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100-116 E 51st Street

Chicago, IL, 60615
$ 1,350,000
Baths0.0 Sq 17,500

Monthly Estimate*

$ 9,430

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Studio

Commercial Property for sale in Chicago, IL

for $1,350,000. This 17,500 square foot building was built in 1940 on a lot size of 0.440771.

BRONZEVILLE! POTENTIAL & VISION! Approximately 17,500 SF two story building (+ partial basement) on a 19,200 sq ft site. The ground floor is 100% leased and the second floor ready for your ideas. Previously 2nd flr housed 17 apts. Remarkable possibilities! Ground floor fully leased to long term tenants for instant cash flow. The 9,180 SF second floor is wide open, with soaring ceiling heights to 14 feet. Additional possibilities to add square footage include adding 3rd floor loft space in a portion of the second floor and building out an existing very cool all masonry roof penthouse. Architectural plans available to construct a lobby, stair and elevator on Michigan Avenue with direct access to the concrete 17 car fenced, landscaped & irrigated parking lot. The possible uses are endless and include but are not limited to apartments, dramatic office space, medical, gym, basketball, pickleball, dance studio, restaurant, theater, doggie daycare, gallery and many other possibilities. Possible TIF, Invest South/West and more. Super close to the Green Line & Red Line trains and 90/94.

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Commercial Active

Price

$ 1,350,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 47,535

Style

Commercial

Lot Size

0.440771

Year Built

1940

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12009554

Features
General
Cooling Central Air
Possession Closing
Roof Rubber
Zoning COMMR
Year Built 1940
Electric Circuit Breakers
Tenant Pays Common Area Maintenance Electricity Heat Taxes Insurance Scavenger Sewer
Stories 2
Township Hyde Park
Property SubType Other
Tax Year 2022
Current Use Commercial
Gross Income 168122
County Cook
Net Operating Income 111871
Operating Expense 56251
Property Type Commercial Sale Office/Tech
Possible Use Commercial Condominium Retail
Status Active
Directions North East Corner of 51st St / Michigan Ave
City Chicago
Total Units 7
MLS Area CHI - Grand Boulevard
Lot Size Square Feet 19200
Street Name 51st
Tax Annual Amount 47535
Additional Parcels Y/N Y
Leasable Area 9138
Days on Market 8
Lease Type Net
Standard Status Active
Total Actual Rent 7650
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Exterior
Building Area Total 17500
Lot Dimensions 160X120
Frontage Type City Street
Exterior Brick EIFS (e.g. Dryvit).
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Interior
Street Suffix Street
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* Excluded Features
List By
Great Lakes Realty Central Inc

Broker

greatlakescentral@gmail.com

Email

Affordability Calculator

$13,391
Per Month
70%
30%
0%
Monthly Principal & Interest
$9,430
Monthly Property Taxes
$3,961
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2024$1,350,000 Listed Price

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100-116 E 51st Street, Chicago, IL, 60615 is a Commercial Property for sale at $1,350,000 with 17,500 sqft and a lot size of 0.440771. 100-116 E 51st Street is a studio with 0.0 baths and was built in 1940. The property's zip code is 60615 which is in Chicago, IL