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100-116 E 51st Street

Chicago, IL 60615
  • $1,350,000
  • STATUS: Active
  • ON SITE: 149 Days
  • MLS #: 12162362
UPDATED: 28 min ago
$1,350,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

Description

BRONZEVILLE! POTENTIAL & VISION! Approximately 17,500 SF two story building (+ partial basement) on a 19,200 sq ft site with a 17 car parking lot! The ground floor is leased to long term tenants and the second floor ready for your ideas. Previously 2nd flr housed 17 apts. Remarkable possibilities! Ground floor fully leased to long term tenants for instant cash flow. The 9,180 SF second floor is wide open, with soaring ceiling heights to 14 feet. Additional possibilities to add square footage include adding 3rd floor loft space in a portion of the second floor and building out an existing very cool all masonry roof penthouse. Architectural plans available to construct a lobby, stair and elevator on Michigan Avenue with direct access to the concrete 17 car fenced, landscaped & irrigated parking lot. The possible uses are endless and include but are not limited to apartments, dramatic office space, medical, gym, basketball, pickleball, dance studio, restaurant, theater, doggie daycare, gallery and many other possibilities. Transit Oriented Development site, potential TIF, Invest South/West and more. Super close to the Green Line & Red Line trains and 90/94.

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© 2025 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 Ani Real Estate. Based on information submitted to the MRED as of 2025-02-10T21:02:06.207 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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100-116 E 51st Street Chicago, IL 60615

  • Price: $1,350,000
  • Status: Active
  • On Site: 149 Days
  • Updated: 28 min ago
  • MLS #: 12162362
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Cook
County:
Cook
Area:
Cook
Property Description
BRONZEVILLE! POTENTIAL & VISION! Approximately 17,500 SF two story building (+ partial basement) on a 19,200 sq ft site with a 17 car parking lot! The ground floor is leased to long term tenants and the second floor ready for your ideas. Previously 2nd flr housed 17 apts. Remarkable possibilities! Ground floor fully leased to long term tenants for instant cash flow. The 9,180 SF second floor is wide open, with soaring ceiling heights to 14 feet. Additional possibilities to add square footage include adding 3rd floor loft space in a portion of the second floor and building out an existing very cool all masonry roof penthouse. Architectural plans available to construct a lobby, stair and elevator on Michigan Avenue with direct access to the concrete 17 car fenced, landscaped & irrigated parking lot. The possible uses are endless and include but are not limited to apartments, dramatic office space, medical, gym, basketball, pickleball, dance studio, restaurant, theater, doggie daycare, gallery and many other possibilities. Transit Oriented Development site, potential TIF, Invest South/West and more. Super close to the Green Line & Red Line trains and 90/94.
Exterior Features

Exterior Building Type BrickEIFS (e.g. Dryvit). Frontage Type City Street Roof Rubber Roof Structure Flat

Interior Features

Cooling Central Air Heat Ventilation Forced AirGas

Property Features

Additional Parcels YN Yes Approximate Age Older Built Before1978 YN Yes Current Use Commercial Electric Circuit Breakers Fire Protection None Geographic Locale Chicago South Gross Income 158292 Gross Scheduled Income 158292 Insurance Expense 10611 Mls Actual Status Active Net Operating Income 96739 Number Of Tenants 5 Operating Expense 61553 Possible Use CommercialCondominiumRetail Property Sub Type Apts/Stores Rental Price 1 Tax Annual Amount 48807 Tax Year 2023 Tenant Pays Common Area MaintenanceElectricityHeatTaxesInsuranceScavengerSewer Total Monthly Income 13191 Township Hyde Park Type Mixed Use Zoning COMMR

Listing information © 2025 Midwest Real Estate Data LLC.
Listing provided courtesy of Great Lakes Realty Central Inc: 773-616-8700.


© 2025 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 Ani Real Estate. Based on information submitted to the MRED as of 2025-02-10T21:02:06.207 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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