5508 West Chicago Avenue, Chicago, IL, 60651

$544,500

5

Beds

4

Baths

About 5508 West Chicago Avenue

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!

Additional Information: This property is located in the CHI - Austin neighborhood, IL. This 5 bedrooms two to four units property is priced at $544,500.

Facts & Features

MLS® # 12300973
Price $544,500
Bedrooms 5
Bathrooms 4.00
Taxes $2,081
Acres 0.00
Year Built 1942
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 5508 West Chicago Avenue
Area CHI - Austin
City Chicago
County Cook
State IL
Zip Code 60651

Amenities

Parking Spaces 6
Parking Yes
Is Waterfront No
Has Pool No

Interior

Heating Natural Gas
Fireplace No
Has Basement Yes
Basement None

Exterior

Exterior Brick
Foundation Concrete Perimeter

School Information

District 299

Additional Information

Days on Market 228
Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $2,081

Listing Details

OfficeeXp Realty
Contact Infoil.broker@exprealty.net

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?