5508 W Chicago Avenue, Chicago, IL, 60651

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$544,500
251 Days On Site

5508 W Chicago Avenue
Chicago, IL 60651

For Sale|Multi Family|Active
5
Beds
4
Total Baths
1942
Built
County:
Cook
Listing Courtesy of MRED as distributed by MLS Grid of eXp Realty
Call Now: 877 582 4399
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877 582 4399
5508 W Chicago Avenue5508 W Chicago Avenue5508 W Chicago Avenue5508 W Chicago Avenue
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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 business Ideal for OWNER-OCCUPANTS seeking additional income Secure a LONG-TERM INVESTMENT in a thriving neighborhood This is your chance to own a MIXED-USE, CASH-FLOWING PROPERTY in a desirable location. DON'T MISS OUT - SCHEDULE YOUR SHOWING TODAY!

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Listing Snapshot
Price 
$544,500
Days On Site 
251 Days
Bedrooms 
5
Inside Area (SqFt) 
N/A
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1942
MLS® Number 
12300973
Status 
Active
Property Tax 
$2,081.39
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
3 days agoStatus changed to Active
a month agoPrice changed to $544,500
8 months agoListing first seen on site
General Features
Foundation 
Concrete Perimeter
Parking Spaces 
6
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Water Source 
Public
Interior Features
Basement 
None
Heating 
Natural Gas
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Exterior Features
Construction Details 
Brick
Community Features
MLS Area 
CHI - Austin
School District 
299
Township 
West Chicago
Schools
School District
299
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing Courtesy of MRED as distributed by MLS Grid of eXp Realty



Based on information submitted to the MLS GRID as of 2025-11-07 09:04 PM UTC. 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.
Last checked: 2025-11-07 09:04 PM UTC
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Neighborhood & Commute
Source: Walkscore
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