Mixed-Use 2-Flat with Retail
5508 W Chicago Avenue Chicago, IL 60651
For Sale
$544,500
Property combines two separate residential units with an open first-floor commercial space and private front entrance.
Days on Market511
Property Features for 5508 W Chicago Avenue
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Building Details
- Year Built
- 1942
Listing Agency:
eXp Realty
(312) 487-3366
Listed By:
Jaroslaw Jastrzebski · License #475137757
(312) 487-3366
Source:
Exitrealty
Added: Feb 28, 2025
Changed: Jul 23
Last Checked: Jul 24 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
This mixed-use property features a 2-flat residential setup with two separate living units, each including its own kitchen, dining area, and baths. In addition, there is an open first-floor commercial space with a private front entrance and a half bath, designed to support a range of retail or service uses.
The residential layouts include ample storage and utility spaces. The commercial area is positioned for independent access, creating flexibility for tenants or owner-occupants. Public remarks also note convenient connectivity to public transit, major roads, schools, and shopping and dining.
The building presents a combined income approach through both the two residential units and the separate commercial space, offering options for investors or an owner who plans to occupy the commercial portion while renting the residences.
The residential layouts include ample storage and utility spaces. The commercial area is positioned for independent access, creating flexibility for tenants or owner-occupants. Public remarks also note convenient connectivity to public transit, major roads, schools, and shopping and dining.
The building presents a combined income approach through both the two residential units and the separate commercial space, offering options for investors or an owner who plans to occupy the commercial portion while renting the residences.
Key Highlights
- Built in 1942, mixed‑use property with two separate residential units plus open first‑floor commercial space.
- Each residential unit has its own kitchen, dining area, and baths—well‑suited for tenants or extended family living.
- Commercial space on the first floor includes a private front entrance and a half bath for a barber shop, coffee shop, small office, or studio.
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FAQs
What type of property is this?
Duplex - Property combines two separate residential units with an open first-floor commercial space and private front entrance.
Where is this duplex located?
The property is located at 5508 W Chicago Avenue 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: Built in 1942, mixed‑use property with two separate residential units plus open first‑floor commercial space.; Each residential unit has its own kitchen, dining area, and baths—well‑suited for tenants or extended family living.; Commercial space on the first floor includes a private front entrance and a half bath for a barber shop, coffee shop, small office, or studio.
