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5508 W Chicago Avenue, Chicago, IL 60651

5508 W Chicago Avenue, Chicago, IL 60651
PRIME 2-FLAT PROPERTY IN A TIF DISTRICT - ENDLESS POTENTIAL! Seize this versatile 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!
Sqft2420
Year Built1944

Porperty Highlights

  • Price $549,500
  • Property Size 2420 Sqft
  • Property ID 12293236
  • Property Status Canceled
  • Year Built 1944
  • Garage Size x x
  • Property Type Apts/Ofc/Store, Commercial Sale
  • Cooling Central Air
  • Flooring Vinyl,Wood
  • County Cook
  • Property Type Commercial Sale
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Property Features

Luxury Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

Video Highlights

Luxurious amenities including infinity pools, home theaters, gourmet kitchens, smart home technology, and breathtaking views for an extraordinary lifestyle.

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Floor Plans

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Frequently Asked Questions

We provide personalized consultation for purchasing luxury properties, including custom property searches, negotiation assistance, and support throughout the entire acquisition process, including connections with industry professionals such as lawyers and notaries.

You can contact us directly through our contact form or by phone to schedule an appointment with one of our experts. We will evaluate your property and create a customized marketing strategy to ensure you get the best possible return.

Yes, we offer comprehensive property management services for luxury homes, including maintenance, rental management, and oversight of daily operations to ensure your investment is always in top condition.

Purchasing a property in these areas means investing in some of the most prestigious and sought-after locations, offering a unique blend of luxury, security, and high quality of life. These areas are known for their natural beauty, exclusive amenities, and strong property value retention.

Absolutely. We offer detailed and personalized virtual tours for every property, allowing you to explore homes from anywhere in the world. Contact us to schedule a virtual tour appointment.

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Inquiry For This Property

5508 W Chicago Avenue, Chicago, IL 60651

Discover how our unparalleled luxury properties can elevate your lifestyle. Reach out to us for more information or to schedule a private viewing.

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