5508 W Chicago Avenue
Chicago, IL, 60651
$544,500
5 Beds
4 Baths
0 SqFt
0 Acres
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$544,500
5508 W Chicago Avenue
Chicago, IL, 60651
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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 Details

Price:
$544,500
MLS #:
MRD12300973
Status:
Active
Beds:
5
Baths:
4
Type:
Multi Family
Neighborhood:
chiaustin
Listed Date:
Oct 30, 2025
Year Built:
1942
Chi – AustinChiaustin

Schools

School District:
299

Interior

Heating
Natural Gas

Exterior

Construction Materials
Brick
Parking Features
On Site
Parking Spots
6

Financial

Net Operating Income
$63,290
Tax Year
2023
Taxes
$2,081
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Oct 31, 2025
1,545
Multi Family Listed
82
Avg DOM
$494,639
Avg List Price

Community

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Property Summary

    5508 W Chicago Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60651. It is listed for $544,500 To schedule a showing of MLS#mrd12300973 at 5508 W Chicago Avenue in Chicago, IL, contact your Compass / The Debra Dobbs Group agent at 3123074909.
5508 W Chicago Avenue
Chicago, IL