Residential Income for Sale: 3906 W 55th, Chicago, IL 60632

3 beds
$494,900
$494,900
3906 W 55th, Chicago, IL 60632
3 beds
$494,900
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Price:
$494,900

Type Residential Income
Beds 3
Year Built 1915

City Chicago
County Cook
School District 299

MLS 11949446
Status Active Under Contract
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!

Room Features

Basement Description Slab

Lot & Building Features

Heating Natural Gas
Parking Description None
Sewer Public Sewer
Tax Year 2022
Water Lake Michigan, Public
Lot Dimensions 3000 ft

Community and Schools

Elementary School 299

Price History of 3906 55th, Chicago, IL

Date Name Price Difference
12/31/1969 Listing Price $494,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By


Map of 3906 55th, Chicago, IL

Location Map Street View
Photo of Kim Patton
Direct: 773-445-4442
Office
3580 W 95th Street
Evergreen Park, IL 60805
708-422-0011
Listed by Cloud Gate Realty LLC, Rafael Navarro
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3906 55th (MLS #11949446) is a residential income listing located in Chicago, IL. This property was listed on 01/26/2024 and has been priced for sale at $494,900.

Nearby zip codes are 60629, 60636, 60638, 60645 and 60652. This property neighbors other cities such as Burbank, Cicero and Stickney.

Midwest Real Estate Data

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Cloud Gate Realty LLC