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

Property Facts
| No. Units | 18 | 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 | 18 |
| 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 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.
Property Taxes
| Parcel Number | 20-10-304-011-0000 | Improvements Assessment | $214,296 |
| Land Assessment | $19,404 | Total Assessment | $233,700 |
Property Taxes
Listing ID: 4898969
Date on Market: 11/14/2016
Last Updated:
Address: 227-239 E 51st St, Chicago, IL 60615
The Washington Park Multifamily Property at 227-239 E 51st St, Chicago, IL 60615 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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