Movoto Real Estate
Sold on 03/04/2024
Rafael Navarro of Cloud Gate Realty LLC

3906 W 55th St, Chicago, IL 60632

$494,900

Last sold 03/04/2024 after 38 Days

  • 3

    bed

  • 3

    bath

Multi-family not for sale

About 3906 W 55th St

Property type Multi-family
Neighborhood
Year built 1915
HOA fee $0/month
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!
Listed by
Listing Agent - Rafael Navarro
Listing Office - Cloud Gate Realty LLC
Source: MRED mls logo
MLS#11949446 • last updated 2 years ago
Movoto checked MRED for data 11 minutes ago
Overview
Heating Natural Gas
MLS # 11949446
Virtual Tour N/A
Status Closed
Type Two To Four Units
Property Tax $ 3102.81
Year Built 1915
Buyer Agent Commission 2.25%-399, % Of Net Sale Price
Interior
Basement None, Slab
Total # of Rooms 8
Exterior
Parking Desc None
Lot Desc Less Than 0.25 Acre
Amenities / Utilities
Sewer/ Septic Desc Public Sewer
# Units in Building 3
Location
Area CHI - West Elsdon
County Cook
Elementary School District 299
Middle School District 299
High School District 299
APN 19113270460000
Directions On 55th Street At 3906 2 BLOCKS EAST OF PULASKI NEAR SPRINGFIELD
We are not permitted to show value estimates for this property.
  • Aug 2024
    Public Records
  • Aug 12, 2024 Sold
    $495,000
  • Jul 2024
    mls logo MLS # 11949446
  • Jul 29, 2024 Sold
    $494,900
  • Mar 5, 2024 Active
    —
  • Jan 26, 2024 Listed
    $494,900 (+243.7%)
  • Aug 2013
    Public Records
  • Aug 12, 2013 Sold
    $144,000
  • Aug 2013
    mls logo MLS # 08355836
  • Aug 9, 2013 Sold
    $144,000
  • May 30, 2013 Listed
    $144,000
  • May 2013
    mls logo MLS # 08314482
  • May 30, 2013 Cancelled
    —
  • Apr 11, 2013 Listed
    $144,000 (-0.6%)
  • Apr 2013
    mls logo MLS # 08275468
  • Apr 11, 2013 Cancelled
    —
  • Feb 20, 2013 Listed
    $144,900 (-3.3%)
  • Feb 2013
    mls logo MLS # 08173782
  • Feb 21, 2013 Cancelled
    —
  • Oct 2, 2012 Listed
    $149,900
  • Year Property taxes Tax assessment
  • 2023
    $2,479 -20.1%
    $20,000 +33.33%
  • 2022
    $3,103 +2.9%
    $15,000
  • 2021
    $3,016 -13.3%
    $15,000 -3.3%
  • 2020
    $3,478 -1.3%
    $15,512 -11.0%
  • 2019
    $3,524 +1.7%
    $17,430
  • 2018
    $3,465 +12.1%
    $17,430 +22.23%
  • 2017
    $3,090 +7.5%
    $14,260
  • 2016
    $2,875 +9.2%
    $14,260
  • 2015
    $2,632 +3.2%
    $14,260
  • 2014
    $2,550 +26.3%
    —
  • 2013
    $2,018
    —
  • 3906 W 55th St
    $494K
  • West Elsdon
    $355K +2% y/y
  • 60632
    $349K +13% y/y
  • Chicago
    $355K +1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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