Date
Details
Price
Change
Source
3/12/2026
Listed
$899,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/14
$899,000
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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!
Full Property Details
Full Property Details for 118 E 51st St
General
- Price: $899,000
- Taxes: $42,542 (2024)
- Status: Active
- Type: Commercial Service
- Source: MRED
- MLS ID: 12591282
- Updated: 3/18/2026
- Added to Site: 23 day(s) ago
Interior
- Interior Features: Private Restroom(s)
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Township: Hyde Park
- Driving Directions: NWC of 51st St and Indiana Ave
- Location Details: Central Business District, Public Transport Avail
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Foundation: Concrete Perimeter
- Stories/Levels: 1
- Square Feet: 11,000
- Current Bldg. Use: Commercial
- Year Built: 1898
Unit Information
- # Tenants: 2
Lot Features
- Lot Size (Sq. Ft.): 11,520
- Lot Dimensions: 11520
- Frontage: City Street
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1898
- Tax Amount: $42,542.21
- Tax Year: 2024
- Tenant Pays: Air Conditioning, Electricity, Heat, Janitorial Service, Operating Stops, Repairs, Scavenger
Disclosures and Reports
- Property ID: 20101200190000
Listed by Realty of America, LLC
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Listing agent
— 118 E 51st St —
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NMLS#: 1598647
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Schools
Schools serving 118 E 51st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Burke Elementary School 5356 South King Drive, Chicago, IL 60615 | PK-8 | 0.4 mi |
Phillips Academy High School 244 East Pershing Road, Chicago, IL 60653 | 12-11 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 E 51st St
Estimate the Cost
Estimate the Cost for 118 E 51st St
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- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 1Total Bath
- 1,008Sq. Ft.
Listed by Lisa Clemente (708) 268-8641
- Single Family
- Active
- Updated 3 days ago
- 5Beds
- 2Total Baths
- 1,066Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,096Sq. Ft.
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118 E 51st Street, Chicago, IL 60615 (MLS# 12591282) is a Commercial Service property. 118 E 51st Street is currently listed for $899,000 and was received on March 12, 2026. Want to learn more about 118 E 51st Street? Do you have questions about finding other Commercial Service 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.