Listing provided courtesy of Realty of America, LLCMREDas Distributed by MLSGrid- MLS# 12591282
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Request Info118 E 51st StreetChicago, IL 60615
Commercial · 11,000 Sq. ft.$899,000
Active
118 E 51st Street Overview
- Time on Site:
- 109 days
- Visits:
- 4
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!
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118 E 51st Street Facts & Features
- Type Commercial
- Sq. ft. 11,000
- Price/Sq.ft. $82
Details
General
Association/HOA
- Association Fee Frequency: Not Applicable
Income/Expenses
- Existing Lease Type: Gross
- Gross Income: 0
- Gross Scheduled Income: 0
- Net Operating Income: 0
- Operating Expense: 0
Building Information
- Year Built: 1898
Business Information
- Current Use: Commercial
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Grand Boulevard
- Township: Hyde Park
Rent/Lease Information
- Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Operating Stops, Repairs, Scavenger
Tax Information
- Tax Annual Amount: $42,542.21
- Tax Year: 2024
General Information
- Parcel Number: 20101200190000
- Property Sub Type: Restaurant
- Property Type: Commercial Sale
- Zoning: COMMR
Interior
Building Interior
- Building Area Total: 11000
General Information
- Cooling: Central Air
- Electric: Circuit Breakers, Service - 101 to 200 Amps
- Foundation Details: Concrete Perimeter
- Leasable Area: 3600
- Stories: 1
Unit Information
- Unit SqFt.: 1200
Exterior
Lot Information
- Additional Parcels: No
- Frontage Type: City Street
- Lot Size Dimensions: 11520
- Lot Size Square Feet: 11520
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 6
118 E 51st Street Neighborhood
Community
60615 (Chicago) Demographics
35
Median Age
14,432
Population Density (per sq. mile)
68%
College Educated
$44,658
Estimated Median Income
6,504
Estimated Total Home Owners
15,109
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.118 E 51st Street Monthly Cost
118 E 51st Street Market Data
Based on the last 30 days in this zip code
$411,555
Average List Price
$248
Average Price per Square Foot
30
Properties Sold
82
Average Days on Market
163
Properties for Sale
118 E 51st Street History
| Date | Value | Agent |
|---|---|---|
| 3/17/2026Source: MRED | Active |
|
| 3/12/2026Source: MRED | March 12, 2026 |