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!
Contingent
Price cut: $20K (5/2)
$115,000
2016 W 51st St, Chicago, IL 60609
4beds
--sqft
Multi Family
Built in 1896
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Flexible layout
- 86 days |
- 42 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Dana Jones 773-495-3659,
Century 21 IMPACT
Source: MRED as distributed by MLS GRID,MLS#: 12610088
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Forced Air
Features
- Basement: Crawl Space,Partial
Property
Parking
- Total spaces: 2
- Parking features: Yes, Detached, Garage
- Garage spaces: 2
Lot
- Size: 3,125 Square Feet
Details
- Parcel number: 20071260210000
- Special conditions: List Broker Must Accompany
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick
Condition
- New construction: No
- Year built: 1896
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $140,000
- Annual tax amount: $2,321
- Date on market: 4/7/2026
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
$1,930/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Contingent | $115,000 |
Source:  MRED as distributed by MLS GRID #12610088 Report a problem | ||
| 5/2/2026 | Price change | $115,000-14.8% |
Source: MRED as distributed by MLS GRID #12610088 Report a problem | ||
| 4/24/2026 | Price change | $135,000-22.9% |
Source: MRED as distributed by MLS GRID #12610088 Report a problem | ||
| 4/7/2026 | Listed for sale | $175,000 |
Source: MRED as distributed by MLS GRID #12610088 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $14,000 +27.3% |
| 2023 | $2,321 +2.6% | $11,000 |
| 2022 | $2,263 +2.3% | $11,000 |
| 2021 | $2,212 +51.4% | $11,000 +67.7% |
| 2020 | $1,461 -5.8% | $6,559 -15% |
| 2019 | $1,550 +1.7% | $7,717 |
| 2018 | $1,524 -35.3% | $7,717 -29.4% |
| 2017 | $2,355 +7.5% | $10,938 |
| 2016 | $2,191 +9.3% | $10,938 |
| 2015 | $2,004 +106.9% | $10,938 +11% |
| 2014 | $969 -45.9% | $9,853 |
| 2013 | $1,792 +1.4% | $9,853 |
| 2012 | $1,768 +46.2% | $9,853 -23.3% |
| 2011 | $1,209 -42.2% | $12,847 |
| 2010 | $2,091 +134.1% | $12,847 |
| 2009 | $893 -17.6% | $12,847 -17.7% |
| 2008 | $1,084 +17.9% | $15,614 |
| 2007 | $919 +5.2% | $15,614 |
| 2006 | $874 -5.1% | $15,614 +55.8% |
| 2005 | $921 +1.9% | $10,024 |
| 2004 | $904 +4.5% | $10,024 |
| 2003 | $865 | $10,024 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Back of the Yards
Nearby schools
GreatSchools rating
- 5/10Daley Elementary AcademyGrades: PK-8Distance: 0.2 mi
- NARichards Career Academy High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Illinois
- Cook County
- Chicago
- 60609
- Back of the Yards
- 2016 W 51st St
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Nearby neighborhoods
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