$494,900 Price Analysis    ♡   Chicago, IL 60632 3 bed 3 bath unknown SqFt ($0/SqFt) Built 1915 Listed 2024-01-26, Taxes $3,478 | Ⓧ USDA Ineligible due to location near Chicago |
Prime Mixed-Use Gem in highly sought after West Elsdon is now up FOR SALE!
* Has Contingent Offer *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 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. Neighborho od Commercial district is to accommodate a broad range of small-scale, business, service and commercial uses. The C1 ZONING district lso 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 roomy 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!
Presented by Rafael Navarro at
Cloud Gate Realty LLC.
Property MLS #11949446 from MRED
Bedrooms Possible: 3
Basement Description: Slab
Full Bathrooms: 3
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directions Map directionsBedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 2
Total Rooms in Unit-2: 5
Total Rooms in Unit-3: 6
Unit 1 Total Actual Rent: 1600
Unit 2 Total Actual Rent: 2000
Unit 3 Total Actual Rent: 1000
Source Listing Status: Active Under Contract
County: Cook
Directions: On 55th Street At 3906. 2 BLOCKS EAST OF PULASKI NEAR SPRINGFIELD
Tax Year: 2022
Ownership: Fee Simple
Source Property Type: Residential Income
Parcel Number: 19113270460000
Township: Lake
Property Subtype: Two to Four Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2020 | $12,512 + $3,000 $15,512 | $3,478 |
| 2019 | $14,430 + $3,000 $17,430 | $3,524 |
| 2018 | $14,430 + $3,000 $17,430 | $3,465 |
| 2017 | $11,560 + $2,700 $14,260 | $3,090 |
| 2016 | $11,560 + $2,700 $14,260 | $2,874 |
| 2015 | $11,560 + $2,700 $14,260 | $2,632 |
| 2014 | $11,089 + $2,550 $13,639 | $2,550 |
| 2013 | $11,089 + $2,550 $13,639 | $2,018 |
| 2012 | $11,089 + $2,550 $13,639 | $2,016 |
| 2011 | $15,770 + $3,300 $19,070 | $3,111 |
| 2010 | $15,770 + $3,300 $19,070 | $3,125 |
| 2009 | $15,770 + $3,300 $19,070 | $2,151 |
| 2006 | $17,779 + $3,720 $21,499 | $1,512 |
$494,900
MRED
Sold 2013-08-08
$144,000
MRED
Listing removed 2013-05-30
$144,000
MRED
Listed 2013-05-30
$144,000
MRED
Listed 2013-04-11
$144,000
MRED
Listing removed 2013-04-11
$144,900
MRED
Listed 2013-02-21
$144,900
MRED
Listing removed 2013-02-21
$149,900
MRED
Listed 2012-10-05
$149,900
MRED
Property Age: 109
Water Source: Lake Michigan, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.