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118 E 51st Street Chicago, IL $ 1,100,000
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$ 1,100,000 Get more info
118 E 51st Street
$ 1,100,000
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118 E 51st Street

Chicago, IL, 60615
$ 1,100,000
Bedrooms-- Baths-- Sq 11,000
118 E 51st Street, Chicago, IL 60615 - Image 1
118 E 51st Street, Chicago, IL 60615 - Image 2
118 E 51st Street, Chicago, IL 60615 - Image 3
118 E 51st Street, Chicago, IL 60615 - Image 4
118 E 51st Street, Chicago, IL 60615 - Image 5

Property for Rent in Chicago, IL

for $1,100,000. This 11,000 square foot property was built in 1898 on a lot size of 0.264463.

This Prime Commercial Investment Opportunity In The Bronzeville/Washington Park Area Is Available And waiting For You! Discover a well maintained 6-unit retail building located in one of Chicago's fastest-growing corridors. Units range from 1,100-3,500 sq ft, offering flexible layouts ideal for a variety of commercial uses. The property features 3 occupied units...a corner restaurant, liquor store & mart and nail salon, providing immediate rental income. The restaurant unit was rehabbed just 3 years ago. One single storefront and a larger double unit are currently vacant, offering potential for owner-users or investors looking to increase cash flow. Situated in a high foot traffic area, this property benefits from strong neighborhood activity, street parking and close proximity to public transportation. Surrounded by ongoing new developments and located just minutes from the highly anticipated Obama Presidential Center, this location is poised for continued growth and long term appreciation on the South Side!

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Rental Active

Price

$ 1,100,000

Taxes

$ 42,542

Style

Commercial

Lot Size

0.264463

Year Built

1898

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12527384
Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 1898
Electric Circuit Breakers Service - 101 to 200 Amps
Tenant Pays Air Conditioning Electricity Heat Janitorial Service Operating Stops Repairs Scavenger Tax Stops Varies by Tenant
Stories Count 1
Township Hyde Park
Property Subtype Restaurant
Tax Year 2024
Current Use Commercial
Gross Income 0
Assoc Fee Paid Per Not Applicable
County Cook
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Retail/Stores
Status Active
Directions NWC of 51st St and Indiana Ave
City Chicago
Number Of Units Total 6
MLS Area CHI - Grand Boulevard
Lot Size Square Feet 11520
Tax Annual Amount 42542.21
Additional Parcels Y/N N
Leasable Area 3600
Lease Type Gross
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 11000
Lot Dimensions 11520
Frontage Type City Street
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* Excluded Features
List By
Realty Of America, Llc

Broker

dreamspots@ymail.com;kwilliams.roa@gmail.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/11/2025$1,100,000 Listed Price

Map

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118 E 51st Street, Chicago, IL, 60615 is a Property for Rent at $1,100,000 with 11,000 sqft and a lot size of 0.264463. 118 E 51st Street was built in 1898. The property's zip code is 60615 which is in Chicago, IL

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