Corcoran Urban Real Estate
$0 to $5,000,000
Any Beds
Any Baths
For Sale
8 Properties Within 0.5 miles of: 3906 W 55th, Chicago
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3906 W 55th
Chicago, IL 60632

  • 3 Beds
  • Built In 1915
Price

$494,900

Est Payment
$2,882 / month (details)  
Taxes
$3,103  
Beds
3  
Rooms
8  
Type
Two to Four Units  
Sq. Ft.
n/a  
Lot Size
3000  
Built
1915  
Neighborhood
West Elsdon  
MLS
#11949446
Status
Sold (7/24/2024)

Property Description

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!

Property Map

Property Details

Utilities

  • Heating Natural Gas
  • Cooling
  • Water Lake Michigan, Public
  • Sewer Public Sewer

Additional Information

Schools
District 299

Payment Calculator

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Principal & Interest
$0
Property Tax
$0
Assessments
$0
Home Insurance
$0
Mortgage Insurance
$0

Listing History

01-26-2024 Listed at $494,900
03-05-2024 Status changed to Under Contract
07-29-2024 Status changed to Closed
07-24-2024 Sold at $494,900
Last Modified 7/29/24 4:23 PM

Nearby Transportation

  • Bus 55 < 0.1 mi
  • Bus 53A 0.1 mi
  • Bus 62 0.5 mi
  • Bus 59 0.5 mi
  • Bus 52A 0.9 mi
  • Bus 52 0.9 mi
  • Bus 47 1.0 mi
  • Bus 63 1.0 mi
  • Bus 62H 1.0 mi
  • Bus 54B 1.0 mi
  • Bus 51 1.0 mi
  • Bus 63W 1.0 mi
  • Bus 165 1.0 mi
  • Bus 55A 1.1 mi
  • Bus 55N 1.1 mi
  • Orange Line 0.5 mi
  • I 55 North 2.0 mi
  • I 55 South 2.0 mi
  • Hwy 171 South 4.6 mi
  • I 90 East 4.6 mi
  • I 94 East 4.6 mi
  • I 90 West 4.7 mi
  • I 94 West 4.7 mi
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