Closed

$494,900

3906 55th Street, Chicago, IL 60632
3 Beds3 Baths39 days
3906 55th Street·Chicago, IL 60632
3Bedrooms
3Bathrooms
1915Year Built
About This Home

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!

MLS# 11949446Listed January 26, 2024Residential Income
Property Details

Beds & Baths

Total Bedrooms3
Total Bathrooms3
Total Rooms8

Size & Structure

Year Built1915
Lot Size3000

Location

CountyCook
TownshipLake
Zip Code60632

Financial

List Price$494,900
Annual Taxes (2022)$3,103
Monthly Tax Est.$259
Parcel #19113270460000
Interior Features

Heating

Natural Gas

Basement

None
Exterior & Lot

Construction

Vinyl SidingBrickStone
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake MichiganPublic
Tax & Financial
Annual Taxes
$3,103
Tax Year 2022
Monthly Tax Est.
$259
per month
Property Location

3906 55th Street, Chicago, IL 60632Cook County

$494,900
3906 55th Street
3 bd3 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
39 days on market
3000
$3,103/yr taxes
$2,859
estimated monthly payment
Principal & Interest
$2,601/mo
Property Tax
$259/mo
$494,900
20% — $98,980
3%50%
6.875%
3%12%
Loan Amount
$395,920
Down Payment
$98,980

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Cloud Gate Realty LLC
Agent: Rafael Navarro
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