$519,900

2514 W 55th St Chicago, IL 60632

Gage Park Neighborhood

Estimated payment $3,322/month

6 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

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

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!

Listing Agent

Ricardo Lucio

Golden Enterprise Realty Inc License #475216095 Listed on: 07/27/2026

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
  • Bedroom in Basement

Additional Features

  • Enclosed Patio or Porch
  • Property is near park
  • Forced Air Heating System

Community Details

  • 2 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,863

Year Built

Built in 1924

Lot Details

9,583 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • HabitableResidenceYN: Yes
  • New Construction: No
  • Year Built: 1924
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: New
  • SomePhotosVirtuallyStaged: No
  • MRD_WaterViewYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Exterior Entry, Concrete, Sleeping Area, Walk-Up Access, Full, Walk-Out Access
  • Total Bathrooms: 3
  • Total Bedrooms: 6
  • Room Type: Enclosed Porch, Utility Room-Lower Level, Workshop
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Brick
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter
  • Lot Features: Common Grounds, Level
  • OtherStructures: Garage Faces Front
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Yes, Garage Owned, Detached, Unassigned, Driveway, Enclosed, Garage Faces Front, Oversized, Garage Faces Side, Garage
  • ParkingTotal: 8

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.22
  • Lot Dimensions: 75 x 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 5863.13
  • Tax Year: 2024
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
07/27/2026 07/27/26 For Sale $519,900 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12716947

Midwest Real Estate Data (MRED)
Illinois Cook County Chicago 60629 Gage Park

2514 W 55th St, Chicago, IL

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.

Midwest Real Estate Data (MRED) 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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Ricardo Lucio
Listing Agent
Ricardo Lucio
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Golden Enterprise Realty Inc
(872) 231-3059
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