Chicago, IL 60615 100-116 E 51st Street

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Presented By: Great Lakes Realty Central Inc
  • MLS# 12162362
  • 09/12/2024
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.

Home Details

BRONZEVILLE! POTENTIAL & VISION! Approximately 17,500 SF two story building (+ partial basement) on a 19,200 sq ft site with a 17 car parking lot! The ground floor is leased to long term tenants and the second floor ready for your ideas. Previously 2nd flr housed 17 apts. Remarkable possibilities! Ground floor fully leased to long term tenants for instant cash flow. The 9,180 SF second floor is wide open, with soaring ceiling heights to 14 feet. Additional possibilities to add square footage include adding 3rd floor loft space in a portion of the second floor and building out an existing very cool all masonry roof penthouse. Architectural plans available to construct a lobby, stair and elevator on Michigan Avenue with direct access to the concrete 17 car fenced, landscaped & irrigated parking lot. The possible uses are endless and include but are not limited to apartments, dramatic office space, medical, gym, basketball, pickleball, dance studio, restaurant, theater, doggie daycare, gallery and many other possibilities. Transit Oriented Development site, potential TIF, Invest South/West and more. Super close to the Green Line & Red Line trains and 90/94.
Presented By: Great Lakes Realty Central Inc

General for 100-116 E 51st Street

Additional Parcels Y/NYes
CityChicago
CoolingCentral Air
CountyCook
Current UseCommercial
Days on Market7
DirectionsNorth East Corner of 51st St / Michigan Ave
ElectricCircuit Breakers
Electric Expense190
Fuel Expense
Gross Income158292
Insurance Expense10611
Lease TypeNet
Lot Size Square Feet19200
MLS AreaCHI - Grand Boulevard
Net Operating Income96739
NumberOfUnitsTotal7
Operating Expense61553
PossessionClosing
Possible UseCommercial, Condominium, Retail
Property SubTypeApts/Stores
Property TypeCommercial Sale
Property TypeMixed Use
RoofRubber
Standard StatusActive
StatusActive
Stories2
Tax Annual Amount48807
Tax Year2023
Tenant PaysCommon Area Maintenance, Electricity, Heat, Taxes, Insurance, Scavenger, Sewer
TownshipHyde Park
Trash Expense0
Water Sewer Expense1945
Year Built1940
ZoningCOMMR

Exterior for 100-116 E 51st Street

ExteriorBrick, EIFS (e.g. Dryvit).
Frontage TypeCity Street
Lot Dimensions160X120

Additional Details

Price History

Worth Clark

Price $1,350,000
MLS#12162362
List Date 09/12/2024
Property Type Commercial
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