Address
2724 W 51st Street, Chicago, IL
Price
$ 580,000
Property Attributes
- MLS#12740487
- TypeCommercial
- Listing Status Active
- CountyCOOK
- CityChicago
- AreaCHI - Gage Park
- NeighborhoodGarage Park
- Zip60632
- Style
- Year Built1965
- Taxes$ 6027
- Price$ 580,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4368
- Lot Size0.096028 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description
Outstanding mixed-use investment opportunity in Chicago's vibrant Gage Park neighborhood! Located along the busy 51st Street commercial corridor, this versatile property features a high-visibility ground-floor commercial space paired with two residential units above. Benefiting from flexible B3-1 Community Shopping District zoning, the main-level commercial footprint is ideally suited for a storefront retail business, professional office, neighborhood service shop, or medical space. The upper-level apartment units deliver steady supplemental rental income, making this an ideal asset for an owner-operator seeking to run a business on-site or a value-add investor looking for consistent cash flow. Conveniently positioned near Kedzie Avenue, public transit options, and local neighborhood anchor businesses, this high-exposure asset presents excellent long-term upside in an established Chicago corridor.
| Price History | |
|---|---|
| 8/25/2026 | Listed $580,000 |
General Features
| Cooling | Central Air |
|---|---|
| Zoning | COMMR |
| Construction Materials | Brick |
| Year Built | 1965 |
| Electric | Circuit Breakers |
| Stories Count | 2 |
| Property Subtype | Mixed Use |
| Tax Year | 2024 |
| Gross Income | 3400 |
| County | Cook |
| Insurance Expense | 3500 |
| Property Type | Commercial Sale |
| Status | Active |
| Directions | Californa Ave to 51st St East to Property |
| City | Chicago |
| Number Of Units Total | 3 |
| MLS Area | CHI - Gage Park |
| Lot Size Square Feet | 4183 |
| Tax Annual Amount | 6027.41 |
| Water Sewer Expense | 1200 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Property Type | Mixed Use |
Exterior Features
| Building Area Total | 4368 |
|---|---|
| Lot Dimensions | 33 X 126 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 60632
Price
Taxes
Year Built
Visits
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