5508 W Chicago AVE new Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60651
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,420 sqft
Price per Sqft $227
MLS Listing ID 12293236
Year Built 1944
Annual Tax Amount $2,081
Tax Year 2023
Lot Dimensions 3050
Property Sub-Type Mixed Use
Property Description
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!
Location
State IL
County Cook
Area Chi - Austin
Interior
Cooling Central Air
Flooring Vinyl,Wood
Fireplace N
Building
Dwelling Type Mixed Use
Level or Stories 2
Structure Type Brick