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118 E 51st Street

Chicago, IL 60615
  • $1,100,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 12527384
UPDATED: 96 min ago
$1,100,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1898
County:
Area:

School Ratings & Info

Description

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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© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2026-02-10T21:04:43.197 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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118 E 51st Street Chicago, IL 60615

  • Price: $1,100,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 96 min ago
  • MLS #: 12527384
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1898
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
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!
Exterior Features

Docks None Foundation Details Concrete Perimeter Frontage Type City Street Roof Structure Flat

Interior Features

Cooling Central Air Heat Ventilation Forced Air Miscellaneous Inside Private Restroom/s Number Of TLDocks 0

Property Features

Additional Parcels YN No Association Fee Frequency Not Applicable Building Area Total 11000 Current Use Commercial Electric Circuit BreakersService - 101 to 200 Amps Fire Protection None Gross Income 0 Gross Scheduled Income 0 Leasable Area 3600 Location Central Business DistrictPublic Transport Avail Mls Actual Status Active Net Operating Income 0 Number Of Tenants 1 Operating Expense 0 Property Offered For Sale Only Property Sub Type Restaurant Tax Annual Amount 42542.21 Tax Year 2024 Tenant Pays Air ConditioningElectricityHeatJanitorial ServiceOperating StopsRepairsScavengerTax StopsVaries by Tenant Township Hyde Park Type Retail/Stores Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Realty of America, LLC: 708-788-1900.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or RE/MAX IMPACT. Based on information submitted to the MRED as of 2026-02-10T21:04:43.197 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
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