1507 W 51st Street Chicago, IL ^$ 249,900

1507 W 51st Street

^$ 249,900

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1507 W 51st Street

Chicago, IL, 60609

^$ 249,900

Studio Baths0.0

Monthly Estimate*

^$ 1,661

1507 W 51st Street, Chicago, IL 60609 - Image 1

1507 W 51st Street, Chicago, IL 60609 - Image 2

1507 W 51st Street, Chicago, IL 60609 - Image 3

1507 W 51st Street, Chicago, IL 60609 - Image 4

1507 W 51st Street, Chicago, IL 60609 - Image 5

1507 W 51st Street, Chicago, IL 60609 - Image 6

1507 W 51st Street, Chicago, IL 60609 - Image 7

1507 W 51st Street, Chicago, IL 60609 - Image 8

1507 W 51st Street, Chicago, IL 60609 - Image 9

1507 W 51st Street, Chicago, IL 60609 - Image 10

1507 W 51st Street, Chicago, IL 60609 - Image 11

1507 W 51st Street, Chicago, IL 60609 - Image 12

Studio

Commercial Property for sale in Chicago, IL

for $249,900. This building was built in 1895 on a lot size of 0.076905.

INTRODUCING A REMARKABLE MIXED-USE COMMERCIAL PROPERTY LOCATED IN SOUTHWEST CHICAGO. THIS ENTICING LISTING OFFERS A PRIME OPPORTUNITY FOR INVESTORS OR BUSINESS OWNERS SEEKING A TURNKEY OPERATION. THE FIRST FLOOR IS A THRIVING BARBER SHOP, CURRENTLY IN USE AND SUCCESSFULLY OWNED, BOASTING BRAND NEW ELECTRICAL WIRING. ABOVE, A SPACIOUS THREE-BEDROOM, ONE-BATHROOM APARTMENT AWAITS, PROVIDING COMFORTABLE LIVING QUARTERS. THE ENTIRE PROPERTY HAS BEEN METICULOUSLY MAINTAINED, WITH RECENT UPGRADES. WITH LOW TAXES AND THE POTENTIAL TO GENERATE $4,000 PER MONTH IN RENTAL INCOME, THIS PROPERTY PRESENTS AN ENTICING INVESTMENT OPPORTUNITY.

Commercial Active

Price

^$ 249,900

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 1,608

Style

Lot Size

0.076905

Year Built

1895

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12044770

Features

General

Cooling None

Year Built 1895

Electric Service - 101 to 200 Amps

Tenant Pays Electricity Heat

Stories 2

Property SubType Apts/Stores

Tax Year 2021

Gross Income 50000

County Cook

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Status Active

Directions Ashland S to 51st St W on 51st to address

City Chicago

Total Units 2

MLS Area CHI - New City

Lot Size Square Feet 3350

Street Name 51st

Tax Annual Amount 1608.5

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Days on Market 7

Standard Status Active

Exterior

Lot Dimensions 30X130

Interior

Street Suffix Street

* Excluded Features

List By

Prime Real Estate Group Inc

Broker

danwalsh@primerealestate.com

Affordability Calculator

$1,795

Per Month

Monthly Principal & Interest: $1,661
Monthly Property Taxes: $134
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chicago, IL

Average List Price ^$836,400

Percent of Sale Price 235%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2024	$249,900		Listed Price

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1507 W 51st Street, Chicago, IL, 60609 is a Commercial Property for sale at $249,900 with a lot size of 0.076905. 1507 W 51st Street is a studio with 0.0 baths and was built in 1895. The property's zip code is 60609 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is 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.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 5/23/2024.

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1507 W 51st Street

Commercial Property for sale in Chicago, IL

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