$1,495,000

65658 E 51St Street , Chicago, IL 60615

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:12,018 sqft
Lot:Unknown
Year Built:1905
Listing Status:Active

Listing Agent

Sebastian Domino
https://SVCHICAGO.COM
We cannot obtain a map view for this location. Please See Google Maps for any possible street views and other mapping views.
We cannot obtain a street view for this location. Please See Google Maps for any possible street views and other mapping views.
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Exceptional Turnkey Investment opportunity in Hyde park. Stately center entrance stabilized 6-unit building overlooking the park on the double wide lot. NOI $137,457/9.19% CAP. Strong income producing property with extensive value add opportunities. Beautifully upgraded and renovated to maintain the vintage sophistication typical of Hyde Park. Mosaic tile in foyers and master baths and hardwood panel doors, woodwork, trim, hutches and floors will last a lifetime. Plaster relief wainscot in hall and dining. Masonry decorative fireplaces. Stunning units all feature a wonderful floorplan with spacious layouts with large rooms, plenty of light, huge back porches and front balconies with a beautiful view. 3 units are (6) room, (3) bedroom, (2) full bath with in-unit washer/dryer hookups. 3 units are (6) room, (3) bedroom (1) full bath (shared laundry in basement* 2 Washers/2 Dryers) (unit 1E includes w/d) (unit 3E has a jacuzzi) Of these, 3 units have been recently renovated with new kitchens, baths, lighting and paint. All units are maintained, upgraded and painted on a regular basis even with long term tenants. Property shows very well, and units are easy to rent. Responsible tenants pay rent on time like clockwork. Commercial glass entrance with buzzer system. Marble and mosaic foyer and hardwood stairs and balustrades. Double pane windows, silver coated roof (tear off 2012, new silver coat 2022) and permitted back porch. Huge back yard has 5 parking spaces, secured wrought iron fence and a lovely yard, summertime flower beds and an organic vegetable garden by tenants. Infrastructure is well maintained and solid. Steel beams and columns in dry, clean basement with high ceilings. New Dunkirk boiler installed in 2020 with internet control that can be done remotely. All radiators have variable vents to balance the system for efficient heat throughout. Obvious value-add opportunities include but are not limited to: Add a 2nd bath & w/d to (3) west units to mirror east units via huge walk-in storage closets. Add 5 additional tandem parking spaces in back and still maintain the yard and garden. Great Location. Walk to bus, green line and Hyde Park shops. Proximity to ECO campus, University of Chicago, Rush medical center and Expressway. Easy access to loop. This is your chance to own a renovated and beautifully maintained Chicago income property with favorable cap rate directly on the north end of the park. Preapproval and POF are required for showings.

Detailed Items

Other Information

65658 E 51St Street, Chicago, IL, 60615 is a commercial sale listing of 12,018 sqft on a lot of Unknown. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property65658 E 51St Street, Chicago, IL
Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ask a question

By pressing Request Info, you agree that HousingNow.com and real estate professionals may call, text or email you regarding your inquiry, which may involve the use of automated means.
Learn how to appear as the Local Advisor above