5508 W Chicago Avenue, Chicago IL 60651

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$549,500

5508 W Chicago Avenue, Chicago, IL 60651

bedrooms

bathrooms

square feet

2,420

Acreage

Open Houses

year built

1944

Full Baths

Half Baths

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PRIME MIXED-USE PROPERTY IN A TIF DISTRICT - ENDLESS POTENTIAL! Seize this versatile mixed-use property that perfectly combines residential and commercial opportunities! With 2,420 sq. ft. of total space, this property is an excellent investment offering multiple income streams and live-work flexibility. Property Highlights: MIXED-USE FLEXIBILITY - Live, work, or lease out for maximum profitability. TWO SEPARATE LIVING UNITS - Each with its own kitchen, dining area, and baths, ideal for tenants or extended family living. SPACIOUS LIVING & DINING AREAS - Well-designed layouts to suit a variety of needs. AMPLE STORAGE & UTILITY SPACES - Functional design for both residential and commercial use. PRIME LOCATION - Situated in a TIF (Tax Increment Financing) district, with city grant money available for qualifying new businesses (please verify eligibility with the City of Chicago). EXCELLENT CONNECTIVITY - Easy access to public transit, major roads, and neighborhood amenities. Endless Possibilities: Generate rental income from multiple units. Establish a storefront with living quarters. Create a multi-family setup for long-term value. This is a rare opportunity in a thriving area, offering potential tax incentives and business support! Don't miss out-schedule your showing today!

Location
Subdivision	-
County	Cook
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 12293236

Listing agent: Jaroslaw Jastrzebski #475137757

Listing broker: Exp Realty, Llc (888) 574-9405

Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Thursday, February 20 2025 at 10:24 p.m. EST

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