5508 W Chicago Avenue, Chicago, IL 60651

Local realty services provided by:ERA Naper Realty
5508 W Chicago Avenue,Chicago, IL 60651
$544,500
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jaroslaw jastrzebski
Office: exp realty
MLS#:12300973
Source:MLSNI

Price summary

  • Price:$544,500

About this home

PRIME 2-FLAT PROPERTY WITH COMMERCIAL SPACE - GREAT INVESTMENT OPPORTUNITY! Seize this FANTASTIC INVESTMENT OPPORTUNITY with a potential 11.5% CAP RATE - perfect for savvy investors or owner-occupants looking to maximize returns! PROPERTY HIGHLIGHTS: TWO SEPARATE LIVING UNITS - Each with its own kitchen, dining area, and baths, ideal for tenants or extended family living. OPEN FIRST-FLOOR COMMERCIAL SPACE - Includes a private front entrance and a half bath, perfect for a BARBER SHOP, COFFEE SHOP, SMALL OFFICE, OR STUDIO - generating additional rental income potential. SPACIOUS LAYOUTS - Well-designed interiors provide comfortable and functional living spaces. AMPLE STORAGE & UTILITY SPACES - Practical design to meet everyday needs. EXCELLENT CONNECTIVITY - Easy access to public transit, major roads, schools, shopping, and dining. ENDLESS POSSIBILITIES: Generate RENTAL INCOME from multiple residential units Lease or use the COMMERCIAL SPACE for your own

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Home facts

  • Year built:1942
  • Listing ID #:12300973
  • Added:259 day(s) ago
  • Updated:November 15, 2025 at 12:06 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1942

Utilities

  • Water:Lake Michigan, Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$544,500
  • Tax amount:$2,081 (2023)
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