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Listing provided courtesy of RE/MAX LOYALTYMREDas Distributed by MLSGrid- MLS# 12689455MLS Provider

716-718 W 51st StreetChicago, IL 60609

Multi-Family · 8 Beds
$495,000 New

716-718 W 51st Street Overview

Time on Site:
3 days
Visits:
0

Great 4-unit investment opportunity in Chicago! Each unit features 2 bedrooms and 1 bath with approximately 1,000 sq ft of living space. Three units are currently rented and one unit is vacant, offering immediate rental income with added flexibility. All four units can be rented, making this a strong option for investors looking to expand their portfolio. Each unit has been recently renovated and features hardwood floors throughout, tons of natural sunlight, an open-concept kitchen/living room area, and plenty of storage, including walk-in closets. Coin laundry is available on the premises, and the property also includes parking spaces behind the building for added tenant convenience. A great income-producing property with strong rental potential!

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716-718 W 51st Street Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299

Building Information

  • New Construction: No
  • Year Built: 1895

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - New City
  • Township: Lake

Tax Information

  • Tax Annual Amount: $9,509.07
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 20091130400000
  • Property Type: Residential Income
  • Special Listing Conditions: None

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 8
  • Bedrooms Possible: 8
  • Full Baths Building: 4

General Information

  • Basement: Unfinished, Full
  • Heating: Natural Gas
  • Rooms Total: 16

Exterior

Parking Information

  • Parking Features: Yes, Other
  • Parking Total: 2

Lot Information

  • Additional Parcels: Yes
  • Lot Size Dimensions: 37 X 125
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 1250
  • Beds Total: 2
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 1250
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 1250
  • Beds Total: 2
  • Baths Total: 1

716-718 W 51st Street Neighborhood

Community

60609 (CHICAGO) Demographics

34
Median Age
7,786
Population Density (per sq. mile)
22%
College Educated
$40,324
Estimated Median Income
8,185
Estimated Total Home Owners
13,782
Estimated Total Renters
37% / 63%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

716-718 W 51st Street Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

716-718 W 51st Street Market Data

Based on the last 30 days in this zip code

$297,104
Average List Price
$204
Average Price per Square Foot
15
Properties Sold
81
Average Days on Market
71
Properties for Sale
Calculations provided by Reliance Network

716-718 W 51st Street History

Date Event Value Agent
6/26/2026Source: MRED Added to Database
June 26, 2026