2016 W 51st St Chicago, IL 60609
Back of the Yards NeighborhoodEstimated payment $810/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. Though the Chicago Assessor zones it as a 4 unit, it has been recorded as) units with the Building Dept (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
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/06/2026 05/06/26 | Pending | -- | -- | -- |
| 05/02/2026 05/02/26 | Price Changed | $115,000 | -14.8% | -- |
| 04/24/2026 04/24/26 | Price Changed | $135,000 | -22.9% | -- |
| 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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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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- 2016 W 52nd St
- 2014 W 52nd St
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- 5148 S Wolcott Ave
- 5117 S Wolcott Ave
- 5209 S Winchester Ave
- 2020 W 52nd Place
- 5243 S Seeley Ave
- 2226 W 51st St
- 2017 W 53rd St
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- 2139 W 52nd Place
- 5303 S Winchester Ave
- 5244 S Honore St
- 5317 S Hamilton Ave
- 5205 S Wood St
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- 5144 S Hermitage Ave
- 5217 S Wood St
Ask me questions while you tour the home.