$549,500

5508 W Chicago Avenue, Chicago, IL 60651, US

Summary

Style: Apts/Ofc/Store,Apts/Ofc,Apts/Stores
Sq Ft: 2420
Year Built: 1944

Moving Quotes

primary photo for 5508 W Chicago Avenue, Chicago, IL 60651, US

Remarks

PRIME MIXED-USE PROPERTY IN A TIF DISTRICT - ENDLESS POTENTIAL! Seize this versatile mixed-use property that perfectly combines residential and commercial opportunities! With 2,420 sq. ft. of total space, this property is an excellent investment offering multiple income streams and live-work flexibility. Property Highlights: MIXED-USE FLEXIBILITY - Live, work, or lease out for maximum profitability. TWO SEPARATE LIVING UNITS - Each with its own kitchen, dining area, and baths, ideal for tenants or extended family living. SPACIOUS LIVING & DINING AREAS - Well-designed layouts to suit a variety of needs. AMPLE STORAGE & UTILITY SPACES - Functional design for both residential and commercial use. PRIME LOCATION - Situated in a TIF (Tax Increment Financing) district, with city grant money available for qualifying new businesses (please verify eligibility with the City of Chicago). EXCELLENT CONNECTIVITY - Easy access to public transit, major roads, and neighborhood amenities. Endless Possibilities: Generate rental income from multiple units. Establish a storefront with living quarters. Create a multi-family setup for long-term value. This is a rare opportunity in a thriving area, offering potential tax incentives and business support! Don't miss out-schedule your showing today!

Details

MLS#: 12293236
Price: $549,500

Style: Apts/Ofc/Store,Apts/Ofc,Apts/Stores
Sq Ft: 2420
Year Built: 1944

County: Cook
Lot Size: 3050
Tax Fee: 2081.39

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Broker Contact


eXp Realty, LLC
The Agent Owned Cloud Brokerage
939 W. North Avenue, # 750
Chicago, IL, 60642
US
Steve Rettig
! 888-574-9405
! il.broker@exprealty.net
! Website

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Midwest Real Estate Data, LLC
Last updated: 2025-02-20T15:07:02.000-05:00.
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