$899,000

118 E 51st Street, Chicago IL, 60615

Price per sqft$81.73

Built in1898

Property size11,000 sqft

Property typeCommercial

Listed by Perdure Carter with Realty of America, LLC 708-788-1900

Overview

Active

Listed Mar 12, 2026

Updated 9 days ago

This Prime Commercial Investment Opportunity In The Bronzeville/Washington Park Area Is Available And Waiting For You! Discover a well maintained 6-unit retail building located in one of Chicago's fastest growing corridors. Units range from 1,100-3,500 sq ft, offering flexible layouts ideal for a variety of commercial uses. The property features 2 occupied units...a liquor store & mart and nail salon, providing immediate rental income. The corner restaurant unit was rehabbed just 3 years ago. The restaurant, single storefront and a larger double unit are currently vacant, offering potential for owner-users or investors looking to increase cash flow. Situated in a high foot traffic area, this property benefits from strong neighborhood activity, street parking and close proximity to public transportation. Surrounded by ongoing new developments and located just minutes from the highly anticipated Obama Presidential Center, this location is poised for continued growth and long term appreciation on the South Side!

Additional information

MLS^® ID: 12591282

Interior Features

Bedrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.26 Acres

Other Property Details

Taxes: $42,542
Tax Frequency: Annually

Listed by Perdure Carter with Realty of America, LLC 708-788-1900

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Based on information submitted to the MLS GRID for MRED 10/1/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS. Properties displayed may be listed or sold by various participants in the MLS.

Data is refreshed every 3 hours. Listing last updated 5:54 AM UTC on 10/1/2026.

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