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$550,000
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Property Description
CASH FLOWING LEGAL 2-UNIT BRICK BUILDING offering strong rental potential and additional finished basement living space currently generating income. Buyers should perform their own due diligence regarding the basement use. THREE CITY LOTS WIDE, this unique property provides an expansive yard, a PRIVATE DRIVEWAY WITH DUAL ENTRY, and a BRICK 2-CAR GARAGE-features that are hard to find with multi-unit properties. Located directly across the street from Gage Park, you'll enjoy beautiful green space, recreational amenities, and a convenient location with easy access to major streets and public transportation. Whether you're an investor seeking solid income potential or an owner-occupant looking to house hack, this property offers exceptional value, generous outdoor space, and a prime location. Don't miss this rare opportunity!
Full Property Details
Full Property Details for 2514 W 55th St
General
- Sold For: $550,000
- Taxes: $5,863 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12716947
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Additional Information
- Other Features: Commuter Bus
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 8
- Parking Features: Yes, Garage Owned, Detached, Unassigned, Driveway, Enclosed, Garage Faces Front, Oversized, Garage Faces Side, Garage
Location
- Area: CHI - Gage Park
- County: Cook
- Driving Directions: South on Western to 55th. West to 2514.
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Finished, Exterior Entry, Concrete, Sleeping Area, Walk-Up Access, Full, Walk-Out Access
- Foundation: Concrete Perimeter
- Roof: Asphalt
- Year Built: 1924
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Additional Structures
- Other Structures: Garage Faces Front
Lot Features
- Lot Size (Acres): 0.22
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 75 x 125
- Fence: Yes
- Lot Features: Common Grounds, Level
- Zoning: MULTI
- Fencing (Description): Fenced
Financial Considerations
- Assessment Year: 1924
- Tax Amount: $5,863.13
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 19124290370000
Listed by Golden Enterprise Realty Inc
Sold by Kale Realty
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Schools
Schools serving 2514 W 55th St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Carson Elementary School 5516 South Maplewood Avenue, Chicago, IL 60629 | PK-8 | 0.1 mi |
Thomas Kelly College Preparatory 4136 South California Avenue, Chicago, IL 60632 | 9-12 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
2514 W 55th Street, Chicago, IL 60632 (MLS# 12716947) is a Multi-Family property that was sold at $550,000 on September 14, 2026. Want to learn more about 2514 W 55th Street? Do you have questions about finding other Multi-Family real estate for sale in Gage Park? You can browse all Gage Park real estate or contact a Coldwell Banker agent to request more information.

