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4-Unit Mixed-Use Property
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5550 S PULASKI Road, Chicago, IL 60629

Multi-unit building combining three apartments with a storefront and rear parking.

Property SizeContact for details
Days on Market19

Property Features for 5550 S PULASKI Road

General Information

Standard status Active
Total Parking Spaces 5
Property subtype Mixed Use
Zoning MULTI
Net Operating Income $55,135

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 3BR/1.5BA, 1 x 2BR, 1 x 1BR
Multifamily Units 3

Additional Details

Gross Income $82,224

Amenities

public washer/dryer

Building Details

Year Built 1965
Stories 2
Units 4
Listing Agency: RE/MAX MI CASA
Listed By: Uriel Ayala · License #475142841
Source: Crexi
Added: Aug 14 Changed: Aug 29 Last Checked: Aug 31 at 5:47AM

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 RE/MAX MI CASA

Investment Insights

Based on property information with market context.

Built in 1965, this mixed-use property includes three apartments and one storefront. The apartment mix consists of a three-bedroom, one-and-a-half-bath residence with oversized bedrooms, an open arrangement, and in-unit laundry; a two-bedroom apartment; and a one-bedroom unit. The three apartments have updated kitchens with new countertops and appliances. The storefront is leased under a five-year term.

Capital improvements include replacement of the main heating system in 2020, installation of two tankless gas water heaters in 2022, a public-use washer and dryer added in 2023, and replacement of three sump pumps in 2024. The roof was serviced and repaired in 2025, while new concrete was installed in the side gangway and rear parking structure the same year. Five parking spaces are located behind the building.

The property is zoned MULTI at 5550 S PULASKI Road in Chicago, with access to the Stevenson Expressway, Orange Line train station, Pulaski Road, and surrounding Midway-area commercial services.

Key Highlights

  • 4‑unit mixed‑use property with three apartments and one storefront
  • Apartment mix includes 3 bedrooms, 2 bedrooms, and 1 bedroom
  • Storefront lease has 5 years in place

Property Analytics

Current Use

Margarita's Creaciones (Bike/Boat/Book/etc) Store Vanessas Flowers & Gifts (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Skin Care Clinic Electrical Service Kitchen & Bath Showroom Building Supply Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

932
Businesses Nearby

Demographics for 60629, IL

114,453
Population
36,283
Households
3.2
Avg Household Size
33
Median Age
14%
College-Educated
74%
High-School Grad
7.0 sq mi
ZIP Area
16,350
Density / Sq Mi
$58,813
Median Household Income
$34,635
Median Earnings
$1,106
Median Rent
$236,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Multi-unit building combining three apartments with a storefront and rear parking.
Where is this mixed-use property located?
The property is located at 5550 S PULASKI Road Chicago, IL.
What is the asking price?
The asking price for this property is $719,900.
What are key features of this property?
This property features: 4‑unit mixed‑use property with three apartments and one storefront; Apartment mix includes 3 bedrooms, 2 bedrooms, and 1 bedroom; Storefront lease has 5 years in place
(773) 879-0101 Call to check price and availability
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