3906 W 55th Street
Chicago, IL, 60632
$494,900
3 Beds
3 Baths
SqFt
0 Acres
Add
Add
$494,900
3906 W 55th Street
Chicago, IL, 60632
 img 0 img 1 img 2 img 3 img 4 img 5 img 6 img 7 img 8 img 9 img 10 img 11 img 12 img 13 img 14 img 15 img 16 img 17 img 18 img 19 img 20 img 21 img 22 img 23 img 24 img 25 img 26 img 27 img 28 img 29 img 30 img 31 img 32 img 33 img 34 img 35 img 36 img 37 img 38 img 39
Prime Mixed-Use Gem in highly sought after West Elsdon is now up FOR SALE! ULTRA LOW TAXES! WE HAVE A LENDER WITH 100% FINANCING PROGRAM THAT’S AVAILABLE FOR THIS PROPERTY! MAY PASS FHA! This is a RARE opportunity to hit the market with a business storefront AND coach house sitting out back! Situated on the bustling 55th street, this property benefits from high visibility and foot traffic, offering an ideal setting for businesses and residents alike. This unique mixed-use property presents a balanced combination of commercial and residential spaces. This property is 1 of only 3 on 55th street with neighborhood commercial zoning from Pulaski to Western, making it a unique asset. Zoned C-1, this property presents a versatile canvas for a range of business endeavors-C1 permits more intensive, more auto-oriented commercial use types than does B1. Neighborhood Commercial district is to accommodate a very broad range of small-scale, business, service and commercial uses. The C1 ZONING district also allows taverns and liquor stores by-right. From the well-positioned 1st-floor barber shop to numerous creative possibilities like a bakery or coffee shop that this zoning allows for. This 3 unit building offers a generous 3-bed, 1-bath sized coach house, a spacious 2nd-floor duplexed unit w/ finished attic that’s perfect for in law arrangement, comes with 3 bedrooms, 2-full baths, a kitchen on 2nd floor and additonal kitchen in the attic that offers its own separate entrance/exit. The finished attic provides an enticing opportunity for additional rental income that will increase your monthly cash flow, making this property a smart investment choice. Additionally, there are 2 billboard spaces available to be leased, attached on the right side of the building that generates $2,400 annually. Do not miss out on this rare opportunity! Schedule an appointment to view this CASH FLOWING property before it’s gone! WE HAVE A LENDER WITH 100% FINANCING PROGRAM THAT’S AVAILABLE FOR THIS PROPERTY!

Property Details

Price:
$494,900
MLS #:
MRD11949446
Status:
Active Under Contract
Beds:
3
Baths:
3
Address:
3906 W 55th Street
Type:
Multi Family
City:
Chicago
Listed Date:
Jan 26, 2024
State:
IL
ZIP:
60632
Year Built:
1915

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Financial

Buyer Agent Compensation
2.25%-399% of Net Sale Price
Tax Year
2022
Taxes
$3,103
Need more info?
Ask a Question
Ready to go see it?
Schedule a Showing

Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.

More About Debra

Mortgage Calculator

 

Map

Similar Listings Nearby

3906 W 55th Street
Chicago, IL