Seller's Agent in 2024
Rafael Navarro
Cloud Gate Realty LLC
(773) 981-2610
1 in this area
136 Total Sales
3906 W 55th St Chicago, IL 60632
West Elsdon NeighborhoodEstimated Value: $264,407 - $447,000
3
Beds
3
Baths
1,080
Sq Ft
$333/Sq Ft
Est. Value
About This Home
As of July 2024Prime Mixed-Use Gem in highly sought after West Elsdon is now up FOR SALE! ULTRA LOW TAXES! WE HAVE A LENDER WITH 100% FINANCING PROGRAM THAT'S AVAILABLE FOR THIS PROPERTY! MAY PASS FHA! This is a RARE opportunity to hit the market with a business storefront AND coach house sitting out back! Situated on the bustling 55th street, this property benefits from high visibility and foot traffic, offering an ideal setting for businesses and residents alike. This unique mixed-use property presents a balanced combination of commercial and residential spaces. This property is 1 of only 3 on 55th street with neighborhood commercial zoning from Pulaski to Western, making it a unique asset. Zoned C-1, this property presents a versatile canvas for a range of business endeavors-C1 permits more intensive, more auto-oriented commercial use types than does B1. Neighborhood Commercial district is to accommodate a very broad range of small-scale, business, service and commercial uses. The C1 ZONING district also allows taverns and liquor stores by-right. From the well-positioned 1st-floor barber shop to numerous creative possibilities like a bakery or coffee shop that this zoning allows for. This 3 unit building offers a generous 3-bed, 1-bath sized coach house, a spacious 2nd-floor duplexed unit w/ finished attic that's perfect for in law arrangement, comes with 3 bedrooms, 2-full baths, a kitchen on 2nd floor and additonal kitchen in the attic that offers its own separate entrance/exit. The finished attic provides an enticing opportunity for additional rental income that will increase your monthly cash flow, making this property a smart investment choice. Additionally, there are 2 billboard spaces available to be leased, attached on the right side of the building that generates $2,400 annually. Do not miss out on this rare opportunity! Schedule an appointment to view this CASH FLOWING property before it's gone! WE HAVE A LENDER WITH 100% FINANCING PROGRAM THAT'S AVAILABLE FOR THIS PROPERTY!
Last Agent to Sell the Property
Cloud Gate Realty LLC License #475187671 Listed on: 01/26/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,103
Year Built
- Built in 1915
Lot Details
- 3,006
Home Design
- Slab Foundation
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Potential Bedrooms
- 3 Bathrooms
Utilities
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 3 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 26, 2024
Sold by
Ortiz Edgar
Bought by
Cardenas Sharon
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$518,353
Interest Rate
5.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 31, 2015
Sold by
Ortiz Salvador
Bought by
Ortiz Edgar
Purchase Details
Listed on
May 30, 2013
Closed on
Aug 8, 2013
Sold by
Wiklanski Pamela Marie
Bought by
Ortiz Salvador
Seller's Agent
Theresa Zubricki
Home Sales Realty INC.
Buyer's Agent
Dave Vasquez
Revive Real Estate LLC
List Price
$144,000
Sold Price
$144,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Original Mortgage
$141,391
Interest Rate
4.25%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 26, 2006
Sold by
Wiklanski Edward J
Bought by
Wiklanski Edward J and Wiklanski Pamela Marie
Purchase Details
Closed on
Jul 12, 2001
Sold by
Marquette Bank
Bought by
Wiklanski Edward J and Wiklanski Helen
Purchase Details
Closed on
Sep 30, 1999
Sold by
Wiklanski Edward J and Wiklanski Helen
Bought by
Marquette National Bank and Trust #15017
Purchase Details
Closed on
Apr 10, 1997
Sold by
Wiklanski Edward J
Bought by
Wiklanski Edward J and Wiklanski Helen
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cardenas Sharon | $495,000 | None Listed On Document | |
| Ortiz Edgar | -- | None Available | |
| Ortiz Salvador | $144,000 | Fidelity National Title | |
| Wiklanski Edward J | -- | None Available | |
| Wiklanski Edward J | -- | -- | |
| Marquette National Bank | -- | -- | |
| Wiklanski Edward J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cardenas Sharon | $518,353 | |
| Previous Owner | Ortiz Salvador | $141,391 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/24/2024 07/24/24 | Sold | $494,900 | 0.0% | $458 / Sq Ft | |
| 03/04/2024 03/04/24 | Pending | -- | -- | -- | |
| 01/26/2024 01/26/24 | For Sale | $494,900 | +243.7% | $458 / Sq Ft | |
| 08/08/2013 08/08/13 | Sold | $144,000 | 0.0% | $133 / Sq Ft | View Prior Sale |
| 06/19/2013 06/19/13 | Pending | -- | -- | -- | |
| 05/30/2013 05/30/13 | For Sale | $144,000 | -- | $133 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $2,479 | $20,000 | $2,400 | $17,600 |
| 2023 | $3,103 | $15,000 | $3,000 | $12,000 |
| 2022 | $3,103 | $15,000 | $3,000 | $12,000 |
| 2021 | $3,016 | $15,000 | $3,000 | $12,000 |
| 2020 | $3,478 | $15,512 | $3,000 | $12,512 |
| 2019 | $3,524 | $17,430 | $3,000 | $14,430 |
| 2018 | $3,465 | $17,430 | $3,000 | $14,430 |
| 2017 | $3,090 | $14,260 | $2,700 | $11,560 |
| 2016 | $2,875 | $14,260 | $2,700 | $11,560 |
| 2015 | $2,632 | $14,260 | $2,700 | $11,560 |
| 2014 | $2,550 | $13,639 | $2,550 | $11,089 |
| 2013 | -- | $13,639 | $2,550 | $11,089 |
Source: Public Records
Agents Affiliated with this Home
-
Rafael Navarro
-
Salvador Romero
Buyer's Agent in 2024
Salvador Romero
Real Broker LLC
(847) 800-0588
1 in this area
70 Total Sales
-
Theresa Zubricki
Seller's Agent in 2013
Theresa Zubricki
Home Sales Realty INC.
(773) 617-0516
4 in this area
19 Total Sales
-
Dave Vasquez
D
Buyer's Agent in 2013
Dave Vasquez
Revive Real Estate LLC
(773) 386-5193
61 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11949446
APN: 19-11-327-046-0000
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