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$549,000
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Property Description
Don't miss this incredible opportunity to own a high-income producing property on Chicago's South Side! Built in 2007, this stunning all-brick 3-unit building offers spacious layouts and amazing rental potential. Unit 1: A massive duplex with 5 bedrooms and 3 bathrooms. The main floor features 3 bedrooms and 2 baths, while the lower level adds 2 more bedrooms and another full bath-perfect for an owner-occupant looking to live large while tenants help cover the mortgage. Units 2 & 3: Each offers 3 bedrooms and 2 baths, ideal for strong rental income. Additional highlights include: Gated, secured parking in the rear Modern construction with all-brick durability Income-producing potential with flexibility for an owner-occupant or investor This property is the perfect blend of comfort, space, and cash flow.
Full Property Details
Full Property Details for 949 W 51st St
General
- Price: $549,000
- Taxes: $3,798 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12538996
- Updated: 1/7/2026
- Added to Site: 15 day(s) ago
Interior
- Basement: Finished, F
Rooms
Bathrooms
- Total Bathrooms: 7
- Upper - Full Baths: 7
Bedrooms
- Total Bedrooms: 11
Parking
- Total Spaces: 3
- Parking Features: Yes, Owned
Location
- Area: CHI - New City
- County: Cook
- Township: Lake
- Driving Directions: North on Morgan St, East on 51st St, head towards property.
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished, Full
- Year Built: 2007
Unit Information
- Units in Building: 3
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 25 x 125
Financial Considerations
- Assessment Year: 2007
- Tax Amount: $3,798
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20084040050000
Listed by The Agency
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Schools
Schools serving 949 W 51st St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Sherman School of Excellence 1000 West 52nd Street, Chicago, IL 60609 | PK-8 | 0.1 mi |
Tilden Career Communty Academy High School 4747 South Union Avenue, Chicago, IL 60609 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 949 W 51st St
Date
Details
Price
Change
Source
1/01/2026
Listed
$549,000
18.06%
MLS
2/22/2023
Sold
$465,000
—
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 949 W 51st St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,798
3%
$17,999
—
2022
$3,702
2%
$17,999
—
2021
$3,619
41%
$17,999
56%
2020
$2,570
-4%
$11,537
-13%
2019
$2,664
2%
$13,262
—
2018
$2,620
-49%
$13,262
-44%
2017
$5,127
7%
$23,815
—
2016
$4,770
9%
$23,815
—
2015
$4,364
1%
$23,815
2%
2014
$4,312
2%
$23,238
—
2013
$4,226
1%
$23,238
—
2012
$4,170
—
$23,238
—
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 949 W 51st St
949 W 51st Street, Chicago, IL 60609 (MLS# 12538996) is a Multi-Family property with 3 units containing 11 bedrooms and 0 full bathrooms. 949 W 51st Street is currently listed for $549,000 and was received on January 01, 2026. Want to learn more about 949 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.

