3906 W 55th Street, Chicago IL 60632
- Units 3
- Total Beds 3
- Total Baths 3
- Taxes $3,102.81
- Payment Estimate View Mortgage Calculator
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Property Description
Prime Mixed-Use Gem in highly sought after West Elsdon is now up FOR SALE! ULTRA LOW TAXES! WE HAVE A LENDER WITH 100% FINANCING PROGRAM THAT'S AVAILABLE FOR THIS PROPERTY! MAY PASS FHA! This is a RARE opportunity to hit the market with a business storefront AND coach house sitting out back! Situated on the bustling 55th street, this property benefits from high visibility and foot traffic, offering an ideal setting for businesses and residents alike. This unique mixed-use property presents a balanced combination of commercial and residential spaces. This property is 1 of only 3 on 55th street with neighborhood commercial zoning from Pulaski to Western, making it a unique asset. Zoned C-1, this property presents a versatile canvas for a range of business endeavors-C1 permits more intensive, more auto-oriented commercial use types than does B1. Neighborhood Commercial district is to accommodate a very broad range of small-scale, business, service and commercial uses. The C1 ZONING district also allows taverns and liquor stores by-right. From the well-positioned 1st-floor barber shop to numerous creative possibilities like a bakery or coffee shop that this zoning allows for. This 3 unit building offers a generous 3-bed, 1-bath sized coach house, a spacious 2nd-floor duplexed unit w/ finished attic that's perfect for in law arrangement, comes with 3 bedrooms, 2-full baths, a kitchen on 2nd floor and additonal kitchen in the attic that offers its own separate entrance/exit. The finished attic provides an enticing opportunity for additional rental income that will increase your monthly cash flow, making this property a smart investment choice. Additionally, there are 2 billboard spaces available to be leased, attached on the right side of the building that generates $2,400 annually. Do not miss out on this rare opportunity! Schedule an appointment to view this CASH FLOWING property before it's gone! WE HAVE A LENDER WITH 100% FINANCING PROGRAM THAT'S AVAILABLE FOR THIS PROPERTY!
Listed by Rafael Navarro for Cloud Gate Realty LLC | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Features & Information
Key Details
- List Price $494,900
- Property Taxes $3,102.81
- Price/ Sq. Ft. Unavailable
- Year Built 1915
- Parking Type None
- Buyer's Agent Commission 2.25%
- Status Contingent
Rooms
- Total Rooms 8
- Basement N
Exterior Features
-
Parking
- Parking Details None
- # of Cars: 0
Building Information
- Number of Units 3
- Age of Building 100+ Years
- Exterior Construction Vinyl Siding,Brick,Stone
- Heating & Cooling Gas
-
Units
- Unit 1 Central Air Conditioner
- Unit 2 Stove, Refrigerator, Microwave
- Unit 3 Stove, Refrigerator, Microwave
Location
- County Cook
- Township Lake
- Corporate Limits Chicago
- Directions to Property On 55th Street At 3906. 2 Blocks East Of Pulaski Near Springfield
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 3102.81
- Tax Year 2022
- Tax Exemptions None
- Parcel Identification Number 19113270460000
Utilities
- Sewer Sewer-Publ
Explore West Elsdon
From its beginnings as low-lying wetlands, the first half of the 20th century saw slow development for the neighborhood now known as West Elsdon. But with the arrival of nearby industrial areas and Midway Airport, the neighborhood took off after the 1950s, and this sleepy outlying settlement transformed into a comfortable and popular Chicago community. Today the area is known for its well-maintained bungalows, spruce lawns, and growing diversity. A number of schools and public parks add to West Elsdon's cultural aspects, and a sizeable commercial corridor along Pulaski Road presents inhabitants with ample shopping and dining selections that include the Chicago favorite, Giordano's Pizza. The nightlife in West Elsdon is on the quiet side, sticking to just a few neighborhood watering holes.
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