This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
$600,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/25
Property Description
$600,000 Investment Package - Three Properties Being Sold Together As One Package! Rare Opportunity To Acquire Multiple Neighboring Income-Producing and Value-Add Properties in One Transaction. Anchored By The Corner Property At 1801-1803 W 51St St, Featuring 5 Residential Apartments Plus 2 Street-Level Storefronts, High-Visibility Corner Exposure, and A Huge Parking Lot in The Rear. Residential Unit Mix Consists Of (1) 1-Bedroom, (3) 2-Bedroom and (1) 3-Bedroom Apartment. The Apartments Are Currently Rented and Generating Income, While Both Commercial Storefronts Require Complete Rehab and Offer Major Upside For Additional Future Income. Next Door, 1805 W 51St St Is A Coach House Featuring A 1-Bedroom/1-Bath Unit That Is Currently Rented. Directly Behind The Corner Property, 5112 S Wood St Is A 2-Unit Building Consisting Of (2) 2-Bedroom/1-Bath Units That Require Complete Rehab. This Package Offers A Unique Combination Of Existing Cash Flow, 8 Total Residential Units, 2 Commercial Storefronts, Corner Exposure, A Large Rear Parking Lot, and Significant Value-Add Potential. Ideal For An Investor Or Developer Looking To Renovate, Stabilize, Increase Rents and Maximize The Income Potential Of An Entire Group Of Neighboring Properties. Sold As A Package For $600,000 - Cash Flow in Place With Substantial Upside! Serious Buyers Only. Proof Of Funds Required Prior To Any Showing Request Being Approved. Please Do Not Disturb Tenants.
Full Property Details
Full Property Details for 1801 W 51st St
General
- Price: $600,000
- Taxes: $7,325 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12742649
- Updated: 8/25/2026
- Added to Site: 3 day(s) ago
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: 51st Street E/W to Wood.
- Location Details: Chicago South, Mixed-Use Area, In City Limits
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Square Feet: 8,889
- Current Bldg. Use: Commercial
- # of Stores: 2
- Year Built: 1911
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 5,250
- Lot Dimensions: 50 x 125 x 50 x 125
- Frontage: City Street
- Drainage: Storm Sewers
- Potential Use: Commercial, Office, Multi-Family, Single Family, Retail
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1911
- Tax Amount: $7,325.84
- Tax Year: 2024
- Tenant Pays: Common Area Maintenance, Electricity, Heat
Disclosures and Reports
- Property ID: 20074030100000
Listed by Prime Real Estate Group Inc
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 1801 W 51st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Fulton Elementary School, Chicago, IL 5300 South Hermitage Avenue, Chicago, IL 60609 | PK-8 | 0.3 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 1.5 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 1801 W 51st St
Date
Details
Price
Change
Source
8/25/2026
Listed
$600,000
275%
MLS
12/07/2018
Sold
$160,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1801 W 51st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,907
—
$64,422
130%
2023
$5,907
3%
$27,999
—
2022
$5,759
2%
$27,999
—
2021
$5,630
-32%
$27,999
-25%
2020
$8,338
-4%
$37,431
-13%
2019
$8,644
2%
$43,025
—
2018
$8,499
32%
$43,025
44%
2017
$6,452
17%
$29,970
—
2016
$5,503
10%
$29,970
—
2015
$5,011
23%
$29,970
22%
2014
$4,073
2%
$24,521
—
2013
$3,981
1%
$24,521
—
2012
$3,952
—
$24,521
—
Disclaimer: Historical tax 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 1801 W 51st St
1801 W 51st Street, Chicago, IL 60609 (MLS# 12742649) is a Commercial property. 1801 W 51st Street is currently listed for $600,000 and was received on August 25, 2026. Want to learn more about 1801 W 51st Street? Do you have questions about finding other Commercial real estate for sale in New City? You can browse all New City real estate or contact a Coldwell Banker agent to request more information.

