118 E 51st ST Chicago, IL 60615

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Commercial

Sub Type Retail/Stores

Listing Status Active

Purchase Type For Sale

Square Footage 11,000 sqft

Price per Sqft $81

MLS Listing ID 12591282

Year Built 1898

Annual Tax Amount $42,542

Tax Year 2024

Lot Dimensions 11520

Property Sub-Type Retail/Stores

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 2 occupied units...a liquor store & mart and nail salon, providing immediate rental income. The corner restaurant unit was rehabbed just 3 years ago. The restaurant, 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!

Location

State IL

County Cook

Area Chi - Grand Boulevard

Zoning COMMR

Interior

Cooling Central Air

Fireplace N

Building

Dwelling Type Retail/Stores

Structure Type Brick

Listed by Perdure Carter of Realty of America, LLC

Nearby School & Business

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106