118 E 51st Street
Chicago, IL, 60615
$899,000
Beds
0 Baths
0 SqFt
0 Acres
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$899,000
118 E 51st Street
Chicago, IL, 60615
MLS #MRD12591282 image #0MLS #MRD12591282 image #1MLS #MRD12591282 image #2MLS #MRD12591282 image #3MLS #MRD12591282 image #4MLS #MRD12591282 image #5MLS #MRD12591282 image #6MLS #MRD12591282 image #7MLS #MRD12591282 image #8MLS #MRD12591282 image #9MLS #MRD12591282 image #10MLS #MRD12591282 image #11MLS #MRD12591282 image #12MLS #MRD12591282 image #13
This Prime Commercial Investment Opportunity In The Bronzeville/Washington Park Area Is Available And Waiting For You! Discover a well maintained 6-unit retail building located in one of Chicago’s fastest growing corridors. Units range from 1,100-3,500 sq ft, offering flexible layouts ideal for a variety of commercial uses. The property features 2 occupied units…a liquor store & mart and nail salon, providing immediate rental income. The corner restaurant unit was rehabbed just 3 years ago. The restaurant, single storefront and a larger double unit are currently vacant, offering potential for owner-users or investors looking to increase cash flow. Situated in a high foot traffic area, this property benefits from strong neighborhood activity, street parking and close proximity to public transportation. Surrounded by ongoing new developments and located just minutes from the highly anticipated Obama Presidential Center, this location is poised for continued growth and long term appreciation on the South Side!

Property Details

Price:
$899,000
MLS #:
MRD12591282
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Restaurant
Neighborhood:
chigrandboulevard
Listed Date:
Mar 12, 2026
Total Sq Ft:
11,000
Year Built:
1898
Chi – Grand BoulevardChigrandboulevard

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick
Stories
1

Financial

HOA Fee Frequency
Not Applicable
Tax Year
2024
Taxes
$42,542
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Commercial in Chicago as of Apr 01, 2026
952
Commercial Listed
192
Avg DOM
$1,035,327
Avg List Price

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Property Summary

    118 E 51st Street Chicago IL is a Commercial for sale in Chicago, IL, 60615. It is listed for $899,000 To schedule a showing of MLS#mrd12591282 at 118 E 51st Street in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
118 E 51st Street
Chicago, IL