Date
Details
Price
Change
Source
4/07/2026
Listed
$175,000
—
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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$175,000 Just Listed
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Property Description
Investor Special with Mixed-Use Potential in the Heart of Chicago! Unique opportunity to restore and reimagine this property featuring a former storefront with residential space above and behind. Ideal for investors, developers, or owner-users seeking a live/work concept. Property offers flexible layout with the potential to create multiple residential units, expand living space into the attic, or reconfigure for optimal income-producing use. Zoned for multi-unit use (buyer to verify all zoning and use possibilities). This property requires a full renovation and is being sold as-is. Ideal for those looking to bring their vision to life and capitalize on the growing demand for mixed-use and multi-family properties in the area. Conveniently located near transportation, retail, and neighborhood amenities. Bring your contractor and your creativity-this is a true value-add opportunity!
Full Property Details
Full Property Details for 2016 W 51st St
General
- Price: $175,000
- Taxes: $2,321 (2025)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12610088
- Updated: 4/13/2026
- Added to Site: 6 day(s) ago
Interior
- Basement: Crawl Spac
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 3
Bedrooms
- Total Bedrooms: 4
Additional Information
- Other Features: School Bus Service, Commuter Bus
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: Yes, Detached, Garage
Location
- Area: CHI - New City
- County: Cook
- Township: Hyde Park
- Driving Directions: 94 to 51st west to Address
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding, Brick
- Exterior Const.: Vinyl Siding, Brick
- Basement: Yes
- Basement Desc.: Crawl Space, Partial
- Year Built: 1896
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3125
Financial Considerations
- Assessment Year: 1896
- Tax Amount: $2,321
- Tax Year: 2025
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: List Broker Must Accompany
- Property ID: 20071260210000
Listed by Century 21 IMPACT
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NMLS#: 1598647
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Schools
Schools serving 2016 W 51st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Daley Elementary Academy 5024 South Wolcott Avenue, Chicago, IL 60609 | PK-8 | 0.2 mi |
Richards Career Academy High School 5009 South Laflin Street, Chicago, IL 60609 | 9-12 | 0.7 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 2016 W 51st St
Tax History
Tax History for 2016 W 51st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,321
—
$14,000
27%
2023
$2,321
3%
$11,000
—
2022
$2,263
2%
$11,000
—
2021
$2,212
51%
$11,000
68%
2020
$1,461
-6%
$6,559
-15%
2019
$1,550
2%
$7,717
—
2018
$1,524
-35%
$7,717
-29%
2017
$2,355
7%
$10,938
—
2016
$2,191
9%
$10,938
—
2015
$2,004
107%
$10,938
11%
2014
$969
-46%
$9,853
—
2013
$1,792
1%
$9,853
—
2012
$1,768
—
$9,853
—
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 2016 W 51st St
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- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 1Total Bath
- 1,477Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,096Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 1Total Bath
- 1,389Sq. Ft.
![[Address not provided], Oak Park, IL 60302 - Photo 1](https://m.cbhomes.com/p/155/12604116/8B9a1249535844F/s23cc.webp)
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 1,508Sq. Ft.
- Condo
- Active
- Updated 4 hours ago
- 3Beds
- 2Total Baths
- 1,300Sq. Ft.
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- Single Family
- Closed
- Updated 1 day ago
- 3Beds
- 1Total Bath
- 1,344Sq. Ft.
2016 W 51st Street, Chicago, IL 60609 (MLS# 12610088) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 2016 W 51st Street is currently listed for $175,000 and was received on April 07, 2026. Want to learn more about 2016 W 51st Street? Do you have questions about finding other Multi-Family 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.