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    5508 W Chicago Ave Chicago, IL 60651

    For Sale
    $544,500

    Residential Income - Chicago, IL

    Days on Market:
    46
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 5508 W Chicago Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    16043260150000
    Parking
    6

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1942
    Architectural style
    Other

    eXp Realty, LLC (888) 574-9405 [email protected]

    Listing agent Jaroslaw Jastrzebski (888) 574-9405 License #475137757

    Listing date Oct 30, 2025

    MLS# 12300973 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property: Investment Opportunity

    This mixed-use property presents an investment opportunity with a potential 11.5% CAP rate. The property includes two separate living units, each featuring its own kitchen, dining area, and baths. The open first-floor commercial space has a private front entrance and a half bath, suitable for a barber shop, coffee shop, small office, or studio, offering additional rental income potential. The interiors are well-designed, providing comfortable and functional living spaces. Ample storage and utility spaces are available. The property offers connectivity with easy access to public transit, major roads, schools, shopping, and dining. The property is located in Chicago, IL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lambert Tax Services Tax Preparation Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.764079
    Latitude
    41.895138

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    FAQs

    What type of property is this?
    Mixed-use property - Two residential units with commercial space in a thriving neighborhood.
    Where is this mixed-use property located?
    The property is located at 5508 W Chicago Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $544,500.
    What are key features of this property?
    This property features: - 11.5% CAP RATE potential - High return on investment.; - First-floor commercial space with private entrance and half bath - Ideal for various businesses and generating additional income.; - Two separate living units - Each unit includes its own kitchen, dining area, and baths, perfect for tenants or extended family.
    (888) 574-9405
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    Chicago, IL 60651
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5508 W Chicago Ave Chicago, IL 60651
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