118-30 E 51st Street, Chicago IL 60615 Photo 1 118-30 E 51st Street, Chicago IL 60615 Photo 2 118-30 E 51st Street, Chicago IL 60615 Photo 3 118-30 E 51st Street, Chicago IL 60615 Photo 4 118-30 E 51st Street, Chicago IL 60615 Photo 5 118-30 E 51st Street, Chicago IL 60615 Photo 6 118-30 E 51st Street, Chicago IL 60615 Photo 7 118-30 E 51st Street, Chicago IL 60615 Photo 8
Listing Courtesy of @Properties

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118-30 E 51st Street - Designated in an Opportunity Zone, a rare opportunity to own 12,000+ SF of land/mixed-use in Bronzeville. This investment appeals to all investors who are looking for stable, value add or what to take advantage of tax benefits of an Opportunity Zone investment. The asset includes over 9,000 SF of retail space and 1,400 SF of residential living. The location is ideal, a 3 minute walk to the Green Line, 4.5 miles to Downtown and home to the University of Chicago and Medical Center. Bronzeville and the surrounding neighborhood are being redeveloped with new community improvements, such as the Obama Library.

Listing information

  • MLS® ID: 10504995
  • Status: Active
  • New Construction: No
  • County: Cook
  • Style: Retail / Hospitality / Service
  • Stories: 2
  • Foreclosure: No
  • Year Built: 1898
  • Parking Type Description: None 0 cars
  • Estimated Annual Taxes: $18,264

Features

Air Conditioning Central Air, Central Individual
Construction Brick
Current Use Commercial
Electrical Service Circuit Breakers
Exterior Building Type Brick
Extra Storage Spaces Available (Y/N) No
Financial Amounts for Total Building (Rental Only) Yes
Fire Protection Alarm Monitored
Franchisor Feed(y/n) No
Frontage/Access City Street
Fuel Expense Source Actual
Heat/Ventilation Forced Air, Gas
Information None
Investment (Y/N) Yes
Location Mixed Use Area, Public Transport Avail, Special Taxing District
Other # Of Drive In Doors - 0, # Of Tenants - 6, # Of TL Docks - 0, # Of Units - 7, Approx Total Bldg Sq Ft - 10800, Electricity Expense - 0, Expense Year - 2018, Fuel Expense - 0, Green Supporting Documents - N, Gross Rentable Area - 10800, Gross Rental Income $ - 207720, Insurance Expense - 5450, Net Oper Income $ - 12083, Net Operating Income Year - 2019, Net Rentable Area - 10800, Other Expenses - 14500, Scavenger Expense - 0, Tax Year - 2018, Total Annual Exp - 27080, Total Annual Income - 207720, Total Monthly Income - 17310, Water Expense - 7130, Zoning Type - Commr
Property Offered For Sale Only
Property Type Retail/Stores
Roof Coverings Membrane, Rubber
Roof Structure Flat
Tenant Pays Air Conditioning, Electric, Heat, Insurance
Listing Courtesy of @Properties