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2724 W 51st St 4,000 SF 100% Leased Retail Building Chicago, IL 60632 $580,000 ($145/SF)
Executive Summary
Outstanding mixed-use investment opportunity in Chicago's vibrant Gage Park neighborhood! Located along the busy 51st Street commercial corridor, this versatile property features a high-visibility ground-floor commercial space paired with two residential units above. Benefiting from flexible B3-1 Community Shopping District zoning, the main-level commercial footprint is ideally suited for a storefront retail business, professional office, neighborhood service shop, or medical space. The upper-level apartment units deliver steady supplemental rental income, making this an ideal asset for an owner-operator seeking to run a business on-site or a value-add investor looking for consistent cash flow. Conveniently positioned near Kedzie Avenue, public transit options, and local neighborhood anchor businesses, this high-exposure asset presents excellent long-term upside in an established Chicago corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,000 SF
Building Class
C
Year Built
1962
Price
$580,000
Price Per SF
$145
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.96
Lot Size
0.10 AC
Zoning
B3-1
Frontage
33’ on W 51st St
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-12-218-031-0000 | Improvements Assessment | $27,909 |
| Land Assessment | $2,092 | Total Assessment | $30,001 |
Property Taxes
Parcel Number
19-12-218-031-0000
Land Assessment
$2,092
Improvements Assessment
$27,909
Total Assessment
$30,001
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2724 W 51st St