Mixed-Use Package with
New
For Sale
$600,000
1801 W 51st St, Chicago, IL 60609
Three neighboring properties combine occupied apartments, commercial space, and renovation needs within one offering.
Property Size8,889 SF
Price / SF$67.50
Days on Market3
Property Features for 1801 W 51st St
General Information
Standard status
Active
Size
8,889 SF
Property Condition
Severity
Major Repairs Needed
Evidence
BOTH COMMERCIAL STOREFRONTS REQUIRE COMPLETE REHAB
Units
Unit Mix
1 x 1BR, 3 x 2BR, 1 x 3BR, 1 x 1BR/1BA, 2 x 2BR/1BA
Multifamily Units
8
Additional Details
Asking Price
$600,000
Building Details
Year Built
1911
Buildings
3
Listing Agency:
Prime Real Estate Group Inc
(708) 691-0833
Listed By:
Daniel Walsh · License #475175071
Source:
Bktchicago
Added: Aug 29
Changed: Aug 30
Last Checked: Aug 30 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Prime Real Estate Group Inc
Investment Insights
Based on property information with market context.
This mixed-use package combines three neighboring properties with 8 residential units and 2 street-level storefronts. The principal building at 1801-1803 W 51st St contains 5 apartments—1 one-bedroom, 3 two-bedroom, and 1 three-bedroom—along with a rear parking lot. The apartments are rented, while both storefronts require complete rehabilitation. The adjacent coach house at 1805 W 51st St adds a rented 1-bedroom/1-bath unit. Behind the corner property, 5112 S Wood St contains 2 two-bedroom/1-bath units that also require complete rehabilitation.
The properties are located in Chicago, Illinois, and were built in 1911. The package includes occupied residential space, two commercial storefronts, and multiple units requiring renovation, with each property conveyed together as one offering.
The properties are located in Chicago, Illinois, and were built in 1911. The package includes occupied residential space, two commercial storefronts, and multiple units requiring renovation, with each property conveyed together as one offering.
Key Highlights
- 8 total residential units across three neighboring properties
- 2 street‑level storefronts at 1801‑1803 W 51st St require complete rehab
- Residential unit mix includes 1 one‑bedroom, 3 two‑bedroom, and 1 three‑bedroom apartments
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,060
Businesses Nearby
Explore this area
Business Placement
Demographics for 60609, IL
65,770
Population
26,122
Households
2.5
Avg Household Size
34
Median Age
20%
College-Educated
76%
High-School Grad
7.7 sq mi
ZIP Area
8,542
Density / Sq Mi
$54,142
Median Household Income
$37,694
Median Earnings
$1,070
Median Rent
$251,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three neighboring properties combine occupied apartments, commercial space, and renovation needs within one offering.
Where is this mixed-use property located?
The property is located at 1801 W 51st St Chicago, IL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 8 total residential units across three neighboring properties; 2 street‑level storefronts at 1801‑1803 W 51st St require complete rehab; Residential unit mix includes 1 one‑bedroom, 3 two‑bedroom, and 1 three‑bedroom apartments
