Mixed-Use Building with
For Sale
Contact for pricing
227 E 51st St, Chicago, IL 60615
SVN presents an 18-unit mixed-use building gut rehabbed in 2016 with six retail spaces and twelve 3-bedroom units, plus updated electrical, HVAC, and finishes.
Property SizeContact for details
Days on Market121
Property Features for 227 E 51st St
General Information
Standard status
Active
Property subtype
Mixed Use
Listing Agency:
AW Properties Global
Listed By:
Jeffrey Baasch · License #IL 475107724
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 5:00PM
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 AW Properties Global
Investment Insights
Based on property information with market context.
SVN presents an 18-unit mixed-use building built in 1899, gut rehabbed in 2016. The property is configured with six retail spaces and twelve residential units, each offering 3 bedrooms and 1 bathroom. Capital improvements include new electrical service with 1,200 amps and in-unit breakers, new individual HVAC systems, new in-unit hot water tanks, updated copper piping and drains, and new vinyl windows, lintels, and brick work.
Unit interiors reflect condo-quality finishes, including hardwood floors, stainless-steel appliances, granite countertops, in-unit washer/dryer hookups, and an intercom system. The building is hard-wired with security cameras and includes new perimeter fencing.
The roof is older, with flat construction and aluminum coating. The property is zoned B3-3 and sits on a 12,936-square-foot parcel.
Unit interiors reflect condo-quality finishes, including hardwood floors, stainless-steel appliances, granite countertops, in-unit washer/dryer hookups, and an intercom system. The building is hard-wired with security cameras and includes new perimeter fencing.
The roof is older, with flat construction and aluminum coating. The property is zoned B3-3 and sits on a 12,936-square-foot parcel.
Key Highlights
- 18‑unit mixed‑use building in Bronzeville: 6 retail spaces and 12 units with 3 bedrooms/1 bath
- Gut rehab completed in 2016 with updated systems and condo‑quality interior finishes
- New 1200‑amp electric service with in‑unit breakers, plus hard‑wired security cameras
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,417
Businesses Nearby
Explore this area
Business Placement
Demographics for 60615, IL
43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
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 - SVN presents an 18-unit mixed-use building gut rehabbed in 2016 with six retail spaces and twelve 3-bedroom units, plus updated electrical, HVAC, and finishes.
Where is this mixed-use property located?
The property is located at 227 E 51st St Chicago, IL.
What are key features of this property?
This property features: 18‑unit mixed‑use building in Bronzeville: 6 retail spaces and 12 units with 3 bedrooms/1 bath; Gut rehab completed in 2016 with updated systems and condo‑quality interior finishes; New 1200‑amp electric service with in‑unit breakers, plus hard‑wired security cameras
