1801 W 51st StreetChicago, IL 60609




$500,000 INVESTMENT PACKAGE - THREE PROPERTIES BEING SOLD TOGETHER AS ONE PACKAGE! RARE OPPORTUNITY TO ACQUIRE MULTIPLE NEIGHBORING INCOME-PRODUCING AND VALUE-ADD PROPERTIES IN ONE TRANSACTION. ANCHORED BY THE CORNER PROPERTY AT 1801-1803 W 51ST ST, FEATURING 5 RESIDENTIAL APARTMENTS PLUS 2 STREET-LEVEL STOREFRONTS, HIGH-VISIBILITY CORNER EXPOSURE, AND A HUGE PARKING LOT IN THE REAR. RESIDENTIAL UNIT MIX CONSISTS OF (1) 1-BEDROOM, (3) 2-BEDROOM AND (1) 3-BEDROOM APARTMENT. THE APARTMENTS ARE CURRENTLY RENTED AND GENERATING INCOME, WHILE BOTH COMMERCIAL STOREFRONTS REQUIRE COMPLETE REHAB AND OFFER MAJOR UPSIDE FOR ADDITIONAL FUTURE INCOME. NEXT DOOR, 1805 W 51ST ST IS A COACH HOUSE FEATURING A 1-BEDROOM/1-BATH UNIT THAT IS CURRENTLY RENTED. DIRECTLY BEHIND THE CORNER PROPERTY, 5112 S WOOD ST IS A 2-UNIT BUILDING CONSISTING OF (2) 2-BEDROOM/1-BATH UNITS THAT REQUIRE COMPLETE REHAB. THIS PACKAGE OFFERS A UNIQUE COMBINATION OF EXISTING CASH FLOW, 8 TOTAL RESIDENTIAL UNITS, 2 COMMERCIAL STOREFRONTS, CORNER EXPOSURE, A LARGE REAR PARKING LOT, AND SIGNIFICANT VALUE-ADD POTENTIAL. IDEAL FOR AN INVESTOR OR DEVELOPER LOOKING TO RENOVATE, STABILIZE, INCREASE RENTS AND MAXIMIZE THE INCOME POTENTIAL OF AN ENTIRE GROUP OF NEIGHBORING PROPERTIES. SOLD AS A PACKAGE FOR $600,000 - CASH FLOW IN PLACE WITH SUBSTANTIAL UPSIDE! SERIOUS BUYERS ONLY. PROOF OF FUNDS REQUIRED PRIOR TO ANY SHOWING REQUEST BEING APPROVED. PLEASE DO NOT DISTURB TENANTS.
| 3 days ago | Listing updated with changes from the MLS® | |
| 3 days ago | Status changed to Active | |
| a week ago | Listing first seen on site |
Based on information submitted to the MLS GRID as of 2026-09-25 12:45 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last checked: 2026-09-25 12:45 PM UTC
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