2724 W 51st Street Chicago, IL $ 580,000
2724 W 51st Street
$ 580,000
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2724 W 51st Street

Chicago, IL, 60632
$ 580,000
Bedrooms-- Baths-- Sq 4,368

Monthly Estimate*

$ 3,662

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Commercial Property for sale in Chicago, IL

for $580,000. This 4,368 square foot building was built in 1965 on a lot size of 0.096028.

Outstanding mixed-use investment opportunity in Chicago's vibrant Gage Park neighborhood! Located along the busy 51st Street commercial corridor, this versatile property features a high-visibility ground-floor commercial space paired with two residential units above. Benefiting from flexible B3-1 Community Shopping District zoning, the main-level commercial footprint is ideally suited for a storefront retail business, professional office, neighborhood service shop, or medical space. The upper-level apartment units deliver steady supplemental rental income, making this an ideal asset for an owner-operator seeking to run a business on-site or a value-add investor looking for consistent cash flow. Conveniently positioned near Kedzie Avenue, public transit options, and local neighborhood anchor businesses, this high-exposure asset presents excellent long-term upside in an established Chicago corridor.

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Commercial Active

Price

$ 580,000

Property Type

Commercial

Taxes

$ 6,027

Style

Lot Size

0.096028

Year Built

1965

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12740487

Features
General
Cooling Central Air
Zoning COMMR
Construction Materials Brick
Year Built 1965
Electric Circuit Breakers
Stories Count 2
Property Subtype Mixed Use
Tax Year 2024
Gross Income 3400
County Cook
Insurance Expense 3500
Property Type Commercial Sale Mixed Use
Status New
Directions Californa Ave to 51st St East to Property
City Chicago
Number Of Units Total 3
MLS Area CHI - Gage Park
Lot Size Square Feet 4183
Tax Annual Amount 6027.41
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1200
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 4368
Lot Dimensions 33 X 126
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* Excluded Features
List By
Realty Of America, Llc

Broker

roachicagohomes@gmail.com

Email

Affordability Calculator

$4,164
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,662
Monthly Property Taxes
$502
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/25/2026$580,000 Listed Price

Map


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2724 W 51st Street, Chicago, IL, 60632 is a Commercial Property for sale at $580,000 with 4,368 sqft and a lot size of 0.096028. 2724 W 51st Street was built in 1965. The property's zip code is 60632 which is in Chicago, IL