1801 W 51st Street
Chicago, IL, 60609
$500,000
Beds
0 Baths
0 SqFt
0 Acres
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MLS #MRD12761905 image #0
$500,000 INVESTMENT PACKAGE – THREE PROPERTIES BEING SOLD TOGETHER AS ONE PACKAGE! RARE OPPORTUNITY TO ACQUIRE MULTIPLE NEIGHBORING INCOME-PRODUCING AND VALUE-ADD PROPERTIES IN ONE TRANSACTION. ANCHORED BY THE CORNER PROPERTY AT 1801-1803 W 51ST ST, FEATURING 5 RESIDENTIAL APARTMENTS PLUS 2 STREET-LEVEL STOREFRONTS, HIGH-VISIBILITY CORNER EXPOSURE, AND A HUGE PARKING LOT IN THE REAR. RESIDENTIAL UNIT MIX CONSISTS OF (1) 1-BEDROOM, (3) 2-BEDROOM AND (1) 3-BEDROOM APARTMENT. THE APARTMENTS ARE CURRENTLY RENTED AND GENERATING INCOME, WHILE BOTH COMMERCIAL STOREFRONTS REQUIRE COMPLETE REHAB AND OFFER MAJOR UPSIDE FOR ADDITIONAL FUTURE INCOME. NEXT DOOR, 1805 W 51ST ST IS A COACH HOUSE FEATURING A 1-BEDROOM/1-BATH UNIT THAT IS CURRENTLY RENTED. DIRECTLY BEHIND THE CORNER PROPERTY, 5112 S WOOD ST IS A 2-UNIT BUILDING CONSISTING OF (2) 2-BEDROOM/1-BATH UNITS THAT REQUIRE COMPLETE REHAB. THIS PACKAGE OFFERS A UNIQUE COMBINATION OF EXISTING CASH FLOW, 8 TOTAL RESIDENTIAL UNITS, 2 COMMERCIAL STOREFRONTS, CORNER EXPOSURE, A LARGE REAR PARKING LOT, AND SIGNIFICANT VALUE-ADD POTENTIAL. IDEAL FOR AN INVESTOR OR DEVELOPER LOOKING TO RENOVATE, STABILIZE, INCREASE RENTS AND MAXIMIZE THE INCOME POTENTIAL OF AN ENTIRE GROUP OF NEIGHBORING PROPERTIES. SOLD AS A PACKAGE FOR $600,000 – CASH FLOW IN PLACE WITH SUBSTANTIAL UPSIDE! SERIOUS BUYERS ONLY. PROOF OF FUNDS REQUIRED PRIOR TO ANY SHOWING REQUEST BEING APPROVED. PLEASE DO NOT DISTURB TENANTS.

Property Details

Price:
$500,000
MLS #:
MRD12761905
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
chinewcity
Listed Date:
Sep 16, 2026
Total Sq Ft:
8,889
Year Built:
1911
Chi – New CityChinewcity

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Schools

Interior

Cooling
None

Exterior

Construction Materials
Brick
Stories
2

Financial

Tax Year
2024
Taxes
$7,326

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 10, 2026
892
Commercial Listed
183
Avg DOM
$1,024,375
Avg List Price

Property Summary

    1801 W 51st Street Chicago IL is a Commercial for sale in Chicago, IL, 60609. It is listed for $500,000

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1801 W 51st Street
Chicago, IL