Gustavo Vargas
RE/MAX Partners
(708) 554-7307
82 Total Sales
2 in Gage Park
$230K - $265K Price Range
2514 W 55th St Chicago, IL 60632
Gage Park Neighborhood
6
Beds
3
Baths
--
Sq Ft
9,583
Sq Ft Lot
Highlights
- 0.22 Acre Lot
- Lower Floor Utility Room
- Enclosed Parking
- Property is near park
- Workshop
- 3-minute walk to Gage Park
About This Home
As of September 2026CASH 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!
Last Agent to Sell the Property
Golden Enterprise Realty Inc License #475216095 Listed on: 07/27/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,863
Year Built
- Built in 1924
Lot Details
- 9,583 Sq Ft Lot
- Lot Dimensions are 75 x 125
- Fenced
- Level Lot
- Additional Parcels
Parking
- 2 Car Detached Garage
- Enclosed Parking
- Oversized Parking
- Parking Available
- Front Facing Garage
- Side Facing Garage
- Driveway
- Unassigned Parking
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2-Story Property
- Workshop
- Lower Floor Utility Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 3 Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Walk-Up Access
- Exterior Basement Entry
- Block Basement Construction
Additional Features
- Enclosed Patio or Porch
- Property is near park
- Forced Air Heating System
Community Details
- 2 Units
- Common Area
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Gage Park, IL
-
Gustavo Vargas
-
Ana Sandoval-Cremieux
Ana Sandoval-Cremieux
Compass
(844) 983-3106
123 Total Sales
1 in Gage Park
$240,000 Price
-
Gabriela Melgoza
Gabriela Melgoza
Realty of America
(708) 722-8286
121 Total Sales
4 in Gage Park
$233K - $345K Price Range
-
Jennifer Upshaw
Jennifer Upshaw
L. Upshaw Realty
(224) 287-9910
51 Total Sales
1 in Gage Park
$123,500 Price
-
Helen Paredes
Helen Paredes
@properties Christies International Real Estate
(877) 801-0624
47 Total Sales
1 in Gage Park
$292,000 Price
-
Jose Cortez
Jose Cortez
Responds QuicklyGolden Enterprise Realty Inc
(866) 598-2035
87 Total Sales
1 in Gage Park
$230,000 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/14/2026 09/14/26 | Sold | $550,000 | +5.8% | -- |
| 08/01/2026 08/01/26 | Pending | -- | -- | -- |
| 07/27/2026 07/27/26 | For Sale | $519,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,427 | $27,000 | $2,625 | $24,375 |
| 2024 | $4,427 | $27,000 | $2,625 | $24,375 |
| 2023 | $4,964 | $20,870 | $4,463 | $16,407 |
| 2022 | $4,964 | $24,001 | $4,463 | $19,538 |
| 2021 | $4,826 | $23,999 | $4,462 | $19,537 |
| 2020 | $3,266 | $14,564 | $4,462 | $10,102 |
| 2019 | $3,424 | $16,935 | $4,462 | $12,473 |
| 2018 | $3,367 | $16,935 | $4,462 | $12,473 |
| 2017 | $4,371 | $20,170 | $3,937 | $16,233 |
| 2016 | $4,446 | $22,053 | $3,937 | $18,116 |
| 2015 | $4,071 | $22,053 | $3,937 | $18,116 |
| 2014 | $3,135 | $19,337 | $3,675 | $15,662 |
| 2013 | $3,063 | $19,337 | $3,675 | $15,662 |
Source: Public Records
Agents Affiliated with this Home
-
Ricardo Lucio
Seller's Agent in 2026
Ricardo Lucio
Golden Enterprise Realty Inc
(773) 523-8000
1 in this area
4 Total Sales
-
Melida Orbe
Buyer's Agent in 2026
Melida Orbe
Kale Realty
(312) 315-6124
1 in this area
36 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12716947
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Some IDX listings have been excluded from this website.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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