$110.87 Per Sq Foot $1,369 est/mo Sourced by Back At You

1238 W 51st Street,Chicago, IL 60609

Chicago IL, 60609

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Description

Presenting an exceptional income-generating mixed-use multi-family property situated in the sought-after Back of the Yards neighborhood. Comprising two spacious 2-bedroom apartments, an large unfinished attic, and a generously sized open storefront, this property offers diverse revenue streams. Additionally, a full basement with high ceilings currently serves as a workshop for the commercial space tenants. The storefront is presently leased on a month-to-month basis to a neighboring school, utilized for enriching art classes. Enhancing its appeal, the property includes a two-car brick garage. Ideal for investment purposes, this property accommodates various strategies, whether as an owner-occupied residence with rental income, or full tenancy across all units. Contact your local agent to arrange showings. Tenants are responsible for all utilities, and the property is sold as-is. Notably, the adjacent vacant lot, owned by 'The City of Chicago,' presents a compelling opportunity for potential expansion, enriching the value proposition of this exceptional investment.

Details

MLS#11977360
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year1888
Days On Site103
Listing Provided ByREMAX Legends | Edgardo Guerrero

Features

SQ Feet2,300
Story(s)2
Units3
ZoningMULTI

Market Activity 60609

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Listings Checked: 7 minutes ago
StateIL
CountyCook
CityChicago
Zip Code60609
AreaCHI New City
Listing VS Median (in 60609)
Price:
$255,000
low | high
Med:
$325,000
22.549019607843% of Average
SqFt:
2,300
low | high
Med:
1,400
89.130434782609% of Average
$ / SqFt:
$111
low | high
Med:
$232
59.383753501401% of Average
On Site:
103
low | high
Med:
19.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 7:14:25 PM PDT