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- LoopNet Team
227-239 E 51st St
Chicago, IL 60615
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- 2016 Complete Gut Rehabbed
- Desirable Bronzeville Location
- New Electrical Service
- Great Unit Mix: (6) Retail & (12) 3 Bed 1 Bath Units
- Individual Utilities & HVAC
- New Plumbing & Drains with Condo Quality Finishes
PROPERTY FACTS
| No. Units | 12 | Lot Size | 0.30 AC |
| Property Type | Multifamily | Building Size | 24,480 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1899/2016 |
| Zoning | B3-3 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 24,480 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1899/2016 |
| Zoning | B3-3 |
ABOUT 227-239 E 51ST ST , CHICAGO, IL 60615
SVN is pleased to present a 18 Unit Mixed-Use building, gut rehabbed in 2016, and located in the heart of Bronzeville. The property consists of (6) retail spaces & (12) 3 Bedroom 1 Bath units. Capital improvements include: New electric (1200 Amps Service) with in-unit breakers, new individual HVAC, new in-unit hot water tanks (40 gal ea.), new copper piping & drains, and new vinyl windows, lintels and brick work. Roof is older; flat & aluminum coated. The units have condo-quality finishes: Hardwood floors, SS appliances, granite countertops, W/D hookups, & intercom system. The building is hard-wired with security cameras and new perimeter fencing. The building, built in 1899, is zoned B3-3 and situated on a 12,936 sq.ft. parcel of land.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 12 | - | 1,100 |
PROPERTY TAXES
| Parcel Number | 20-10-304-011-0000 | Improvements Assessment | $214,296 |
| Land Assessment | $19,404 | Total Assessment | $233,700 |
PROPERTY TAXES
