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0 Beds
5,850 sqft

$725,000

2812-2814 W 55th Street, Chicago IL, 60632

Price per sqft$123.93
Built in1937
Property size5,850 sqft
Property typeOther
Listed by Sebastian Gomez with Trelleum LLC 773-796-1290

Overview

Active

New

Listed Oct 7, 2026

Updated 40h ago

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.

$4,823/mo

Est. mortgage payment based on a $725,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
12780054

Interior Features

Bedrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Taxes
$6,630
Tax Frequency
Annually
MLS provider logo

Listed by Sebastian Gomez with Trelleum LLC 773-796-1290

The data relating to real estate for sale on this website comes in part from the Broker ReciprocitySM Program of Midwest Real Estate Data. Real estate listings held by brokerage firms other than Romolo Group are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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©2026 Listings Courtesy of MRED as distributed by MLS GRID. All rights reserved.

Data is refreshed every 3 hours. Listing last updated 6:45 AM UTC on 10/9/2026. 

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