227-239 E 51st St
Chicago, IL 60615
Bronzeville Gut Rehab Mixed-Use · Multifamily Property For Sale · 18 Units

SVN is pleased to present a 18 Unit Mixed-Use building completed gut rehabbed in 2016 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 Services) with in-unit breakers, new individual HVAC, new in-unit hot water tanks (40 gal ea.), new copper pipping & 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 counter tops, W/D hook-ups, & intercom system. The common area stairs have been replaced with new wood veneers. The building is hard wired with security cameras and new perimeter fencing. The property sits within the historical Bronzeville neighborhood of Chicago' s south side, just a few miles south of downtown. Bronzeville in located south of the South Loop and west of Hyde Park. The neighborhood was, from the 1920s to the 1940s, one of the premiere centers of African-American culture that was fairly affluent by producing many famous names, jazz and blues clubs, and even a newspaper that gained recognition for three decades. Today, the neighborhood is seeing major community-driven revitalization efforts, mostly by wealthy and entrepreneurial African-Americans who value the neighborhood's historic importance. Buildings here, some dating back to the roaring '20s, are being restored, preserved and are taking their place on historic building registries. Open spaces, architectural renovation, renewed interest in the arts and a cluster of historical landmarks are key to this Chicago neighborhood's intriguing allure.