2016 West 51st, Chicago IL 60609
$175,000

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Property Description

Investor Special with Mixed-Use Potential in the Heart of Chicago! Unique opportunity to restore and reimagine this property featuring a former storefront with residential space above and behind. Ideal for investors, developers, or owner-users seeking a live/work concept. Property offers flexible layout with the potential to create multiple residential units, expand living space into the attic, or reconfigure for optimal income-producing use. Zoned for multi-unit use (buyer to verify all zoning and use possibilities). This property requires a full renovation and is being sold as-is. Ideal for those looking to bring their vision to life and capitalize on the growing demand for mixed-use and multi-family properties in the area. Conveniently located near transportation, retail, and neighborhood amenities. Bring your contractor and your creativity-this is a true value-add opportunity!

Features & Information

Key Details

  • List Price $175,000
  • Property Taxes $2,321
  • Price/ Sq. Ft. Unavailable
  • Year Built 1896
  • Parking Type Garage
  • Status Active

Rooms

  • Total Rooms 10
  • Basement P

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

  • Number of Units 4
  • Age of Building 100+ Years
  • Exterior Construction Vinyl Siding,Brick
  • Heating & Cooling Forced Air
  • Units

  • Unit 1 Refrigerator
  • Unit 2 None
  • Unit 3 None
  • Unit 4 None

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property 94 To 51st West To Address
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 2321
  • Tax Year 2025
  • Parcel Identification Number 20071260210000

Utilities

  • Sewer Sewer-Publ

Listed by: Century 21 IMPACT | Phone: 815.221.8400
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 4/16/2026 10:32 AM. 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.

Explore Back of the Yards

The Back-of-the-Yards neighborhood is one of the original communities of the American Industrial Revolution. This was the site of radical social change that moved the country forward with progress in labor relations and how society views laborers. The slaughterhouses and harsh working conditions attracted both reformers and authors who acted as advocates for the everyman. Now the neighborhood is an intriguing place to explore, with a plethora of parks and a strong, diversified community that is expanding on its industrial base. Classic Chicago bungalows are joined by other single-family homes and some condominium conversions to give homeowners a wide range of real estate to choose from. Specialty grocery stores and an international selection of restaurants round out the backdrop of Chicago's Back-of-the-Yards neighborhood.

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