Closed
$494,900
3906 W 55th St, Chicago, IL 60632
5beds
--sqft
Multi Family
Built in 1915
-- sqft lot
$520,700 Zestimate®
$--/sqft
$2,185 Estimated rent
Home value
$520,700
$463,000 - $583,000
$2,185/mo
Zestimate® history
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What's special
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!
Zillow last checked: 8 hours ago
Listing updated: July 29, 2024 at 02:24pm
Listing courtesy of:
Rafael Navarro 773-888-1220,
Cloud Gate Realty LLC
Bought with:
Salvador Romero
Duarte Realty Company
Source: MRED as distributed by MLS GRID,MLS#: 11949446
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas
Features
- Basement: None
Property
Lot
- Size: 3,000 sqft
Details
- Parcel number: 19113270460000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding, Brick, Stone
Condition
- New construction: No
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan, Public
Community & neighborhood
Location
- Region: Chicago
Other
Other facts
- Listing terms: Conventional
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 7/24/2024 | Sold | $494,900 |
Source: | ||
| 3/5/2024 | Contingent | $494,900 |
Source: | ||
| 1/26/2024 | Listed for sale | $494,900+243.7% |
Source: | ||
| 8/8/2013 | Sold | $144,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,479 -20.1% | $15,000 |
| 2022 | $3,103 +2.9% | $15,000 |
| 2021 | $3,016 -13.3% | $15,000 -3.3% |
Find assessor info on the county website
Neighborhood: West Elsdon
Nearby schools
GreatSchools rating
- 6/10Peck Elementary SchoolGrades: PK-4Distance: 0.4 mi
- 2/10Hernandez Middle SchoolGrades: 6-8Distance: 0.5 mi
- 2/10Curie Metropolitan High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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$520,700
2% more+ $10,414
With Zillow Showcase(estimated)
$531,114

