Chicago, IL 60651,5508 W Chicago AVE
Chicago, IL 60651,5508 W Chicago AVE
Chicago, IL 60651,5508 W Chicago AVE
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$549,500
Est. payment /mo
2,420 SqFt
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UPDATED:

02/20/2025 08:07 PM

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


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Midwest Real Estate Data (MRED) IDX
Listed by Jaroslaw Jastrzebski • eXp Realty, LLC

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