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Multifamily Property Near Transit
For Sale
$294,900

5232 W 51st St, Chicago, IL 60638

Older residential property with multiple bedrooms, generous living areas, and access to schools, parks, and public transportation.

Property SizeContact for details
Days on Market9

Property Features for 5232 W 51st St

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Public Transit Yes

Building Details

Year Built 1903
Listing Agency: Power Realty Chicagoland,Pllc
Listed By: Thomas Bezanes · License #471018395
Source: Highriseschicago
Added: Aug 21 Changed: Aug 28 Last Checked: Aug 29 at 8:54AM

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 Power Realty Chicagoland,Pllc

Investment Insights

Based on property information with market context.

This multifamily property dates to 1903 and offers a residential configuration with multiple bedrooms and substantial living space. The layout provides a defined starting point for a buyer evaluating the property for continued residential use or future improvements.

The property is situated near schools, parks, and public transportation, placing everyday services and transit access within the surrounding area.

Key Highlights

  • Built in 1903
  • Multiple‑bedroom residential layout
  • Ample living space

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Bakery Gym & Fitness Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

768
Businesses Nearby

Demographics for 60638, IL

56,928
Population
21,636
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,129
Density / Sq Mi
$89,191
Median Household Income
$50,902
Median Earnings
$1,327
Median Rent
$283,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Older residential property with multiple bedrooms, generous living areas, and access to schools, parks, and public transportation.
Where is this multifamily property located?
The property is located at 5232 W 51st St Chicago, IL.
What is the asking price?
The asking price for this property is $294,900.
What are key features of this property?
This property features: Built in 1903; Multiple‑bedroom residential layout; Ample living space
More about this property
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