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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

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.
More about this property
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