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100-116 E 51st Street, Chicago, IL 60615
$1,350,000
100-116 E 51st Street, Chicago, IL 60615View this property at 100-116 E 51st Street, Chicago, IL 60615
100-116 E 51st StreetChicagoIL60615
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Property Description
BRONZEVILLE! POTENTIAL & VISION! Approximately 17,500 SF two story building (+ partial basement) on a 19,200 sq ft site. The ground floor is 100% leased 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. Possible TIF, Invest South/West and more. Super close to the Green Line & Red Line trains and 90/94.
Full Property Details
Full Property Details for 100-116 E 51st St
General
- Price: $1,350,000
- Taxes: $47,535 (2022)
- Status: Active
- Type: Store
- MLS ID: 12001277
- Updated: 3/26/2024
- Added to Site: 41 day(s) ago
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Township: Hyde Park
- Driving Directions: North East Corner of 51st St / Michigan Ave
- Location Details: Chicago South
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Structural Information
- Exterior Const.: Brick, EIFS (e.g. Dryvit).
- Roof: Rubber
- Stories/Levels: 2
- Current Bldg. Use: Commercial
- # of Stores: 5
- Year Built: 1940
- Built Before 1978: Yes
Unit Information
- # Tenants: 5
Lot Features
- Lot Size (Sq. Ft.): 19,200
- Lot Dimensions: 160 x 120
- Frontage: City Street
- Potential Use: Commercial, Condominium, Retail
- Zoning: COMMR
Financial Considerations
- Insurance Fee: $8,866
- Operating Expenses: $56,251
- Assessment Year: 1940
- Tax Amount: $47,535
- Tax Year: 2022
- Tenant Pays: Common Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer
- Pays Electric: 176
Disclosures and Reports
- Documents Avail.: Rent Roll, Leases, Floor Plan, Existing Survey, Tax Bill
- Property ID: 20101200210000
Listed by Great Lakes Realty Central Inc
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Price & Sales History for 100-116 E 51st St
Date
Details
Price
Change
Source
3/20/2024
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 100-116 E 51st St
100-116 E 51st Street, Chicago, IL 60615 (MLS# 12001277) is a Store property. 100-116 E 51st Street is currently listed for $1,350,000 and was received on March 20, 2024. Want to learn more about 100-116 E 51st Street? Do you have questions about finding other Store real estate for sale in Grand Boulevard? You can browse all Grand Boulevard real estate or contact a Coldwell Banker agent to request more information.