About 1238 West 51st Street
Presenting an exceptional income-generating mixed-use multi-family property situated in the sought-after Back of the Yards neighborhood. Comprising two spacious 2-bedroom apartments, an large unfinished attic, and a generously sized open storefront, this property offers diverse revenue streams. Additionally, a full basement with high ceilings currently serves as a workshop for the commercial space tenants. The storefront is presently leased on a month-to-month basis to a neighboring school, utilized for enriching art classes. Enhancing its appeal, the property includes a two-car brick garage. Ideal for investment purposes, this property accommodates various strategies, whether as an owner-occupied residence with rental income, or full tenancy across all units. Contact your local agent to arrange showings. Tenants are responsible for all utilities, and the property is sold as-is. Notably, the adjacent vacant lot, owned by 'The City of Chicago,' presents a compelling opportunity for potential expansion, enriching the value proposition of this exceptional investment.
