5444 South State, Chicago IL 60609
$750,000

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Property Description

**Exciting Investment Opportunity: Your Dream Property Awaits! Fire your landlord and step into the exciting world of property ownership with this unique multi-use property located at the edge of Washington Park! With high foot traffic and exceptional visibility, this is a rare opportunity to establish your business and generate rental income simultaneously. **Property Highlights:**Prime Location:** Situated next to a vibrant Dunkin Donuts and just two blocks from the I-94 Dan Ryan Expressway, ensuring easy access and connectivity. The surrounding area is undergoing renovations, promising growth and increased value. **Versatile Commercial Space:** The first floor features a blank canvas, a 1,700 sq ft vanilla box commercial space with completed drywall and laminate floors. Perfect for an office or restaurant, it comes equipped with ductwork throughout and a half bath, ready for your vision! - **Spacious Residential Living:** The second and third floors boast a large three-bedroom apartment with a den and two full bathrooms, also each floor offering nearly 1,700 sq ft. Enjoy a generous living room, dining room, and a full-size kitchen with abundant cabinet space. The unit is complete with washer and dryer connections, and an enclosed back porch for added charm. **Parking Potential:** Currently, there is off-street parking available, and you can modify the gated area to allow for 2-3 parking spaces. Ample free street parking is also available! - **Convenient Access to Amenities:** Just 5 minutes from the University of Chicago Hospital and surrounded by a plethora of stores and restaurants, experiencing the charm of city living has never been easier. This is a once-in-a-lifetime opportunity to own a property that combines business potential with comfortable living! Don't miss out on your chance to invest in your future. Schedule your viewing today-this gem won't last long!

Features & Information

Key Details

  • List Price $750,000
  • Property Taxes $2,117
  • Price/ Sq. Ft. Unavailable
  • Year Built 1886
  • Parking Type Space/s
  • Status Active

Rooms

  • Total Rooms 15
  • Basement F

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  2

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas
  • Units

  • Unit 1 Central Air Conditioner, Laundry Hook-Up
  • Unit 2 Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up
  • Unit 3 Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property East On 55th To State, North To Address
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 2117
  • Tax Year 2023
  • Tax Exemptions None
  • Parcel Identification Number 20094230820000

Utilities

  • Sewer Sewer-Publ

Listed by Ursula Shine for Exit Strategy Realty / EMA Management | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/23/2024 7:32 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore Washington Park

For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.

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