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3641-3643 W 55th St 2,100 SF 100% Leased Retail Building Chicago, IL 60632 $899,999 ($428.57/SF)
Investment Highlights
- Heavy Daytime Traffic
Executive Summary
Great opportunity to own this Mixed-Use Building in West Elsdon! Offers 2 commercial spaces, 2-2Bdrm apartments & 4-1Bdrm apartments. Each apartment unit has its own electrical & gas meter. One of the commercial spaces is being use as a hair salon & the other was to be used as a restaurant but never opened up. The restaurant equipment will be included in the sale. The restaurant & 1 apartment are currently vacant. Basement is partially finished. Offers 5-6 parking spaces in the back of the building. Don't wait make your appointment today!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$83,400
|
$39.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$83,400
|
$39.71
|
| Taxes |
$16,511
|
$7.86
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,511
|
$7.86
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $83,400 |
| Annual Per SF | $39.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $83,400 |
| Annual Per SF | $39.71 |
| Taxes | |
|---|---|
| Annual | $16,511 |
| Annual Per SF | $7.86 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,511 |
| Annual Per SF | $7.86 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,100 SF
Building Class
C
Year Built
1929
Price
$899,999
Price Per SF
$428.57
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.35
Lot Size
0.14 AC
Zoning
B3-1, Chicago
Amenities
- Restaurant
About 3641-3643 W 55TH ST , CHICAGO, IL 60632
Great opportunity to own this Mixed-Use Building in West Elsdon! Offers 2 commercial spaces, 2-2Bdrm apartments & 4-1Bdrm apartments. Each apartment unit has its own electrical & gas meter. One of the commercial spaces is being use as a hair salon & the other was to be used as a restaurant but never opened up. The restaurant equipment will be included in the sale. The restaurant & 1 apartment are currently vacant. Basement is partially finished. Offers 5-6 parking spaces in the back of the building. Address is 3641-3643 W 55th Street. Don't wait make your appointment today!
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Lolis Hair Studio
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Lolis Hair Studio | Services | - | - | - |
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-14-103-005-0000 | Total Assessment | $77,500 |
| Land Assessment | $9,000 | Annual Taxes | $16,511 ($7.86/SF) |
| Improvements Assessment | $68,500 | Tax Year | 2025 |
Property Taxes
Parcel Number
19-14-103-005-0000
Land Assessment
$9,000
Improvements Assessment
$68,500
Total Assessment
$77,500
Annual Taxes
$16,511 ($7.86/SF)
Tax Year
2025
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3641-3643 W 55th St
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