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$495,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 3 hours ago
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Buyer's loss is your opportunity - don't miss your second chance to see this Great 4-unit investment opportunity in Chicago! Each unit features 2 bedrooms and 1 bath with approximately 1,000 sq ft of living space. Three units are currently rented and one unit is vacant, offering immediate rental income with added flexibility. All four units can be rented, making this a strong option for investors looking to expand their portfolio. Each unit has been recently renovated and features hardwood floors throughout, tons of natural sunlight, an open-concept kitchen/living room area, and plenty of storage, including walk-in closets. Coin laundry is available on the premises, and the property also includes parking spaces behind the building for added tenant convenience. A great income-producing property with strong rental potential!

Full Property Details for 716-718 W 51st St

General

  • Price: $495,000
  • Taxes: $9,509 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: MRED
  • MLS ID: 12689455

Interior

  • Basement: Unfinished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Upper - Full Baths: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Total Spaces: 2
  • Parking Features: Yes, Other

Location

  • Area: CHI - New City
  • County: Cook
  • Township: Lake
  • Driving Directions: Halsted to 51st street, east to property

School Information

  • School District: 299
  • Elem School District: 299
  • Midd School District: 299
  • High School District: 299

Heating & Cooling

  • Heating Type: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Unfinished, Full
  • Year Built: 1895
  • Built Before 1978: Yes
  • Remodeled/Updated: 2024

Unit Information

  • Units in Building: 4

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 37 x 125

Financial Considerations

  • Assessment Year: 1895
  • Tax Amount: $9,509.07
  • Tax Year: 2024
  • Pays Sewer: Public Sewer

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 20091130400000

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Tax History for 716-718 W 51st St

Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,582
—
$15,771
110%
2023
$1,582
3%
$7,499
—
2022
$1,542
2%
$7,499
—
2021
$1,508
-18%
$7,499
-9%
2020
$1,842
-4%
$8,267
-13%
2019
$1,910
2%
$9,505
—
2018
$1,878
-15%
$9,505
-7%
2017
$2,200
7%
$10,220
—
2016
$2,047
9%
$10,220
—
2015
$1,873
16%
$10,220
17%
2014
$1,615
2%
$8,703
—
2013
$1,583
1%
$8,703
—
2012
$1,562
—
$8,703
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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716-718 W 51st Street, Chicago, IL 60609 (MLS# 12689455) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 716-718 W 51st Street is currently listed for $495,000 and was received on June 26, 2026. Want to learn more about 716-718 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.

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