1521 W 51st St Chicago, IL 60609
Back of the Yards Neighborhood
--
Bed
--
Bath
2,850
Sq Ft
3,024
Sq Ft Lot
About This Home
As of May 2025**Attention Investors and First-Time Homebuyers!** This **huge** property is being offered **"as is,"** providing a tremendous opportunity for those seeking a project or an income-generating asset. The building offers substantial space, making it an excellent choice for investors looking to capitalize on rental income potential. The main level features a spacious office area, ideal for use as a personal business space or leased out for commercial purposes. This is a prime location for anyone wanting to start or expand a commercial business. The second level consists of a two-bedroom apartment, which offers significant potential but does require some tender loving care (TLC) to fully realize its value. With the right vision and investment, this property can serve as a multi-income opportunity, offering both residential and commercial options. Agents read remarks prior to showing, thanks!
Last Agent to Sell the Property
RE/MAX Ultimate Professionals License #475188407 Listed on: 12/28/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,045
Year Built
- Built in 1900
Lot Details
- 3,024 Sq Ft Lot
- Lot Dimensions are 25x125
Home Design
- Brick Exterior Construction
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,850 Sq Ft Home
- 2-Story Property
- Fire Suppression System
Utilities
- No Cooling
- Heating System Uses Gas
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for electricity, heat
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 2, 2011
Sold by
Reo Llc
Bought by
Gudino Javier and Gudino Elizabeth
Total Days on Market
82
Purchase Details
Closed on
May 13, 2011
Sold by
Rodriguez Maria V
Bought by
Reo Llc
Purchase Details
Closed on
Jun 10, 2004
Sold by
Montoya Jose N and Montoya Maria
Bought by
Rodriguez Maria V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 27, 2002
Sold by
Tarkowski Robert A
Bought by
Montoya Jose N and Montoya Maria
Purchase Details
Closed on
Nov 1, 1999
Sold by
Perales Robert S and Perales Annamaria
Bought by
Tarkowski Robert
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $35,000 | None Available | |
| Legal Action Court Order | -- | None Available | |
| Quit Claim Deed | -- | Ats | |
| Warranty Deed | $40,000 | Stewart Title | |
| Warranty Deed | $10,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $160,000 | Commercial | |
| Previous Owner | $100,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2025 05/19/25 | Sold | $145,000 | -3.3% | $51 / Sq Ft |
| 03/20/2025 03/20/25 | Pending | -- | -- | -- |
| 01/17/2025 01/17/25 | For Sale | $149,999 | 0.0% | $53 / Sq Ft |
| 01/05/2025 01/05/25 | Pending | -- | -- | -- |
| 12/28/2024 12/28/24 | For Sale | $149,999 | -- | $53 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,045 | $6,900 | $907 | $5,993 |
| 2023 | $1,045 | $8,500 | $1,966 | $6,534 |
| 2022 | $1,045 | $8,500 | $1,966 | $6,534 |
| 2021 | $1,039 | $8,499 | $1,965 | $6,534 |
| 2020 | $1,454 | $9,629 | $1,965 | $7,664 |
| 2019 | $1,535 | $11,068 | $1,965 | $9,103 |
| 2018 | $1,508 | $11,068 | $1,965 | $9,103 |
| 2017 | $1,874 | $12,083 | $1,814 | $10,269 |
| 2016 | $1,920 | $12,083 | $1,814 | $10,269 |
| 2015 | $1,733 | $12,083 | $1,814 | $10,269 |
| 2014 | $1,491 | $10,607 | $1,663 | $8,944 |
| 2013 | $1,451 | $10,607 | $1,663 | $8,944 |
Source: Public Records
Agents Affiliated with this Home
-
Jose Mendez
Seller's Agent in 2025
Jose Mendez
RE/MAX
(630) 559-6688
113 Total Sales
-
Kayla Monteleone
Seller Co-Listing Agent in 2025
Kayla Monteleone
RE/MAX
(815) 690-5204
34 Total Sales
-
Roberto Almazan
Buyer's Agent in 2025
Roberto Almazan
Su Familia Real Estate Inc
(773) 701-3222
17 in this area
110 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12261420
APN: 20-08-301-003-0000
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