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2812-2814 W 55th St , Chicago, IL 60632
$700,000
Est. Payment: $3,820.19/mo
5850 Sqft
0.16 Acres
Status: active | Days on site: 16
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22557 - 265573
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House Description

2812-2814 W 55th St presents an opportunity to acquire a mixed-use investment property in Chicago's Gage Park neighborhood. The approximately 5,850 SF building sits on a 6,800 SF lot and features three commercial spaces, one residential apartment, and approximately 1,650 SF of vacant storage space offering additional income or redevelopment potential. The property currently generates approximately $63,600 in Total annual rent with an estimated NOI of $48,090, representing an approximately 6.63 cap rate at the $725,000 asking price. Existing occupants include established neighborhood businesses, including Cricket, Michoacana, and Herbalife, along with a 2-bedroom, 1-bath apartment. Several tenants have expressed interest in remaining long term. The Cricket space and apartment are approximately 1,400 SF each, while the two smaller commercial spaces are approximately 700 SF each. The property is zoned B3-1, providing flexibility for commercial and residential uses. Based on the lot size and zoning, there may be potential to convert the vacant storage area into an additional residential unit, subject to City of Chicago approval and buyer verification. Additional upside includes leasing the vacant 1,650 SF space, formalizing or extending existing tenant leases, and potentially increasing residential income. A new roof was installed over 2814 W 55th St in 2025.
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Highlights

Listed by Sebastian Gomez , 773-796-1290 Trelleum LLC , 630-715-9999. Midwest Real Estate Data mls logo

Property Type

Commercial Sale
Lot/Acreage
0.16

Year Built

1937

County

Cook

Area

CHI - Gage Park

Listing ID

12780054

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Interior Features

Air Cond:Central Air
Fireplaces:
Water:Municipal Water

Exterior Features

Lot Dimensions:129 X 53
Zoning:RTAIL
Roof:Membrane,Reflective Coating,Rubber
Sewer:Public Sewer
Parking Features:1-5 Spaces
Principal Interest
$3,820
Taxes
$553

Home Price

$700,000

Loan Details

30 yrs
7.25%

Down Payment

20%
$140,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,820.19

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,820.19 $552.50 $0.00 $4,372.69
Yearly $45,842.25 $6,630.00 $0.00 $52,472.25
Total $1,375,267.38 $198,900.00 $0.00 $1,574,167.38
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Market insight data is pulled from the same city as the listing being viewed (Chicago, IL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MRED as of the date listed below. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED 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. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the MLS GRID as of the date listed below. 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. IDX information is provided exclusively for consumers' personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability. Some listings have been excluded from this website.

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Data last updated: 2026-10-27T06:57:04.000Z

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