5508 W Chicago AVE Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60651
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12300973
Bedrooms 5
Year Built 1942
Annual Tax Amount $2,081
Tax Year 2023
Lot Dimensions 25 X 122
Property Sub-Type Two to Four Units
Property Description
PRIME 2-FLAT PROPERTY WITH COMMERCIAL SPACE - GREAT INVESTMENT OPPORTUNITY! Seize this FANTASTIC INVESTMENT OPPORTUNITY with a potential 11.5% CAP RATE - perfect for savvy investors or owner-occupants looking to maximize returns! PROPERTY HIGHLIGHTS: TWO SEPARATE LIVING UNITS - Each with its own kitchen, dining area, and baths, ideal for tenants or extended family living. OPEN FIRST-FLOOR COMMERCIAL SPACE - Includes a private front entrance and a half bath, perfect for a BARBER SHOP, COFFEE SHOP, SMALL OFFICE, OR STUDIO - generating additional rental income potential. SPACIOUS LAYOUTS - Well-designed interiors provide comfortable and functional living spaces. AMPLE STORAGE & UTILITY SPACES - Practical design to meet everyday needs. EXCELLENT CONNECTIVITY - Easy access to public transit, major roads, schools, shopping, and dining. ENDLESS POSSIBILITIES: Generate RENTAL INCOME from multiple residential units Lease or use the COMMERCIAL SPACE for your own business Ideal for OWNER-OCCUPANTS seeking additional income Secure a LONG-TERM INVESTMENT in a thriving neighborhood This is your chance to own a MIXED-USE, CASH-FLOWING PROPERTY in a desirable location. DON'T MISS OUT - SCHEDULE YOUR SHOWING TODAY!
Location
State IL
County Cook
Area Chi - Austin
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Building
Dwelling Type Two to Four Units
Building Description Brick, No
Sewer Public Sewer
Water Lake Michigan,Public
Structure Type Brick
New Construction false
Schools
School District 299 ,299, 299
Others
Ownership Fee Simple
Special Listing Condition None