IL
Cook
Chicago
60651
5508 W Chicago Avenue
5508 W Chicago Avenue, Chicago, IL 60651
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Listing Type
Multi Family
Listing Status
Active
35
$544,500

Home Details for 5508 W Chicago Avenue

Price
$544,500
Type
Residential Income
Bedrooms
5
Bathrooms
4.0
Square feet
NaN
Year built
1942
County
Cook
Total rooms
16
Garage
Basement
None
Days on site
299
MLS Listing#
12300973
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!

Property Features
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Basement
    • None
Listing Courtesy: eXp Realty - 888-574-9405
Midwest Real Estate Data logo Based on information submitted to the MLS GRID as of 2025-12-16 13:22:24. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-12-16 13:22:24
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Market statistics compiled from data from Midwest Real Estate Data.
EXIT GRACE REALTY
2945 N. Milwaukee Ave. Ste B, Chicago, IL 60618
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