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$1,500,000
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Property Description
Stately 6-flat overlooking Washington Park. Six 3bd/2ba luxury apartments with tenant paid heat and central air, granite counters, stainless appliances, dishwashers, garbage disposers. On-site parking. Amazing architectural details with balconies overlooking the park. Great, stable cash producer in a high demand up and coming area. Turn-key investment.
Full Property Details
Full Property Details for 706 E 51st St
General
- Price: $1,500,000
- HOA FEE: $1,000
- Taxes: $16,737 (2025)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12697385
- Updated: 7/20/2026
- Added to Site: 14 day(s) ago
Location
- Area: CHI - Grand Boulevard
- County: Cook
- Driving Directions: N/S on Cottage Grove Ave W to subject property
Heating & Cooling
- Cooling Type: Central Individual
- Heating Type: Central Heat/Individual Controls, Forced Air, Gas, Individual Furnaces
Utilities
- Trash: 3983
Structural Information
- Stories/Levels: 3
- Year Built: 1930
- Built Before 1978: Yes
Unit Information
- Units w/Refrigerators: 6
- Units w/Range/Oven: 6
- # Dryers: 6
Lot Features
- Lot Dimensions: 50.5 x 145
Financial Considerations
- Maint. Fee: $1,000
- Insurance Fee: $5,000
- Operating Expenses: $16,851
- Other Fee: $250
- Assessment Year: 1930
- Tax Amount: $16,737
- Tax Year: 2025
- Tenant Pays: Electricity, Heat, Hot Water
- Pays Electric: 561
- Pays Trash: 3983
Disclosures and Reports
- Property ID: 20102320200000
Listed by Pioneer Property Advisors
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Schools
Schools serving 706 E 51st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Reavis Elementary Math & Sci Spec School 834 East 50th Street, Chicago, IL 60615 | PK-8 | 0.2 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 706 E 51st St
Date
Details
Price
Change
Source
7/14/2026
Price Reduced
$1,500,000
-11.5%
MLS
7/07/2026
Listed
$1,695,000
142.49%
MLS
2/14/2005
Sold
$699,000
—
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 706 E 51st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$9,409
—
$83,000
87%
2023
$9,409
3%
$44,449
—
2022
$9,171
2%
$44,449
—
2021
$8,965
-6%
$44,449
4%
2020
$9,518
-2%
$42,725
-12%
2019
$9,755
2%
$48,552
—
2018
$9,591
48%
$48,552
61%
2017
$6,479
7%
$30,096
—
2016
$6,028
9%
$30,096
—
2015
$5,515
-6%
$30,096
-4%
2014
$5,846
2%
$31,506
—
2013
$5,730
1%
$31,506
—
2012
$5,654
—
$31,506
—
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 706 E 51st St
706 E 51st Street, Chicago, IL 60615 (MLS# 12697385) is a Commercial property. 706 E 51st Street is currently listed for $1,500,000 and was received on July 07, 2026. Want to learn more about 706 E 51st Street? Do you have questions about finding other Commercial 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.

