2016 W 51st St Chicago, IL 60609
Back of the Yards NeighborhoodEstimated payment $1,135/month
About This Home
Investor Special with Mixed-Use Potential in the Heart of Chicago! Unique opportunity to restore and reimagine this property featuring a former storefront with residential space above and behind. Ideal for investors, developers, or owner-users seeking a live/work concept. Property offers flexible layout with the potential to create multiple residential units, expand living space into the attic, or reconfigure for optimal income-producing use. Zoned for multi-unit use (buyer to verify all zoning and use possibilities). This property requires a full renovation and is being sold as-is. Ideal for those looking to bring their vision to life and capitalize on the growing demand for mixed-use and multi-family properties in the area. Conveniently located near transportation, retail, and neighborhood amenities. Bring your contractor and your creativity-this is a true value-add opportunity!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,321
Year Built
- Built in 1896
Parking
- 2 Car Detached Garage
- Parking Available
Home Design
- Brick Exterior Construction
- Vinyl Siding
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Potential Bedrooms
- 4 Bathrooms
Basement
- Partial Basement
- Crawl Space
Utilities
- Forced Air Heating System
Community Details
- 4 Units
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $2,321 | $14,000 | $1,875 | $12,125 |
| 2024 | $2,321 | $14,000 | $1,875 | $12,125 |
| 2023 | $2,263 | $11,000 | $2,500 | $8,500 |
| 2022 | $2,263 | $11,000 | $2,500 | $8,500 |
| 2021 | $2,212 | $11,000 | $2,500 | $8,500 |
| 2020 | $1,461 | $6,559 | $3,125 | $3,434 |
| 2019 | $1,550 | $7,717 | $3,125 | $4,592 |
| 2018 | $1,524 | $7,717 | $3,125 | $4,592 |
| 2017 | $2,355 | $10,938 | $2,812 | $8,126 |
| 2016 | $2,191 | $10,938 | $2,812 | $8,126 |
| 2015 | $2,004 | $10,938 | $2,812 | $8,126 |
| 2014 | $969 | $9,853 | $2,656 | $7,197 |
| 2013 | $1,792 | $9,853 | $2,656 | $7,197 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/07/2026 04/07/26 | For Sale | $175,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12610088
APN: 20-07-126-021-0000
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
- 5045 S Hoyne Ave
- 2050 W 52nd St
- 2139 W 50th Place
- 4937 S Hoyne Ave
- 2223 W 50th Place
- 2226 W 51st St
- 5244 S Honore St
- 4822 S Seeley Ave
- 5317 S Hamilton Ave
- 5217 S Wood St
- 5225 S Wood St
- 5350 S Winchester Ave
- 1843 W 54th St
- 5427 S Wolcott Ave
- 1756 W 48th St
- 4849 S Paulina St
- 4926 S Western Ave
- 1900 W Garfield Blvd
- 5352 S Paulina St
- 1700 W 48th St
- 5045 N Damen Ave
- 5045 N Damen Ave Unit 5059-2E
- 5045 N Damen Ave Unit 5057-1E
- 5144 S Hermitage Ave Unit 2
- 1945 W 48th St Unit 2
- 1943 W 48th St Unit 2
- 5031 S Hermitage Ave Unit 2F
- 5031 S Hermitage Ave Unit 3F
- 1908 W 48th St Unit 1R
- 5217 S Hermitage Ave Unit 2F
- 5424 S Honore St Unit 1
- 2309 W 47th Place Unit 1
- 4734 S Paulina St Unit 1F
- 2254 W Garfield Blvd Unit 1R
- 1649 W Garfield Blvd Unit 2
- 1649 W Garfield Blvd Unit 1
- 4528 S Hermitage Ave
- 4500 S Wood St Unit 2M
- 2453 W 46th Place Unit 1
- 5658 S Honore St Unit 1F
Ask me questions while you tour the home.