3906 W 55th Street Chicago, IL $ 494,900
3906 W 55th Street
$ 494,900
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3906 W 55th Street

Chicago, IL, 60632
$ 494,900
Bedrooms3 Baths3.0

Monthly Estimate*

$ 3,457

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Multi-Family Home for sale in Chicago, IL

for $494,900 with 3 bedrooms and 3 full baths. This home was built in 1915.

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!

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Multi-Family Contingent

Price

$ 494,900

Bedrooms

3

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,102

Style

Year Built

1915

Town/City

Chicago

County/Region

Cook

MLS | Web ID

11949446

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Closing Tenant's Rights
Year Built 1915
Township Lake
Tax Year 2022
Percent Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Contingency Attorney/Inspection
Total Rooms 8
Status Contingent
Directions On 55th Street At 3906. 2 BLOCKS EAST OF PULASKI NEAR SPRINGFIELD
City Chicago
High School District 299
MLS Area CHI - West Elsdon
Waterfront Y/N N
Street Name 55th
Tax Annual Amount 3102.81
Days on Market 40
Standard Status Active Under Contract
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement None Slab
Street Suffix Street
Total Bedrooms 3
Total Baths 3
Bedrooms Possible 3
Full Baths Building 3
Half Baths Building 0
Total Number of Units 3
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Exterior
Water Source Lake Michigan Public
Total Parking 0
Lot Dimensions 3000
Exterior Vinyl Siding Brick Stone
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* Excluded Features
List By
Cloud Gate Realty Llc

Broker

realtors.navarro@gmail.com

Email

Affordability Calculator

$3,716
Per Month
93%
7%
0%
Monthly Principal & Interest
$3,457
Monthly Property Taxes
$259
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/26/2024$494,900 Listed Price

Map


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3906 W 55th Street, Chicago, IL, 60632 is a Multi-Family Home for sale at $494,900. 3906 W 55th Street has 3 bedrooms, 3.0 baths, and was built in 1915. The property's zip code is 60632 which is in Chicago, IL