5508 W 55th St, APT 8, Chicago, IL 60638

Move In Special: 1 Month Free! Apply Through Underwriting Before September Ends! 5508 W 55th St Chicago, IL 60638 *HEAT INCLUDED* *Noise Cancelling Windows* Welcome Home to Comfort, Convenience & Community 5508 W 55th St Unit 8 2nd Floor Chicago, IL 60632 Imagine waking up in a sun filled apartment where every room feels warm, inviting, and thoughtfully designed. Your home sits on a peaceful residential block, yet you're only moments away from the energy of Chicago's Southwest Side a neighborhood known for its friendly community, walkable streets, and easy access to everything you need. This beautifully maintained second floor unit offers a clean, modern layout with fresh paint, bright windows, and durable wood flooring that adds warmth to every step. Whether you're enjoying a quiet morning coffee, working from home, or unwinding after a long day, this space gives you the comfort and simplicity you've been looking for. Apartment Features Bright, open living area with natural light Modern kitchen with updated cabinetry, gas stove, and stainless steel sink Clean, contemporary bathroom with full tub and vanity storage Freshly painted walls and well kept flooring On site laundry facilities for convenience Secure building with professional management Peaceful second floor location This unit is perfect for anyone seeking a clean, quiet, and comfortable home in a well managed building. Neighborhood & Lifestyle Live in a location where everything is within reach. Walkability & Convenience Grocery stores, cafes, and local restaurants just steps away Parks and green spaces for fresh air and relaxation Excellent walking score daily errands can be done without a car Transportation Minutes from Midway Airport Close to major bus routes Quick access to I 55 and Cicero Ave Nearby Schools Surrounded by reputable neighborhood schools and community learning centers, making this an ideal location for stability and growth. Occupancy & Compliance CRLTO Compliant Cook County Occupancy Rule: Maximum of two (2) persons per bedroom ("two heartbeats per bedroom") Children 2 years old and younger do not count toward occupancy limits Fees & Move In Costs All fees are non refundable. Application Fee: $35 for the primary applicant $20 for each additional adult (18+) Third Party Screening Fee: $49.99 per adult Move In Costs: $600 non refundable move in fee $300 administrative fee First month's rent: $1,200 Total due at move in: $2,100 Application Requirements Step 1: Income Review Income documentation is reviewed first to confirm affordability. Step 2: Full Screening (Third Party) Credit/background check: $50 per adult Minimum credit score: 550 No evictions in the past 10 years (exceptions only with proper legal documentation) Criminal background check: Chicago compliant and reviewed only after income & credit qualification Step 3: First Underwriting Review Income Verification Our first underwriting review focuses on verifying the household's financial qualifications and ability to meet the rental obligation. Applicants must: Have a combined gross monthly household income of at least 3x the monthly rent Provide 3 months of bank statements Provide 3 months of paycheck stubs or acceptable proof of income Provide 2 valid government issued IDs per adult applicant If inconsistencies appear, up to 2 additional months of documentation may be requested. For privacy, applicants may black out account numbers but names, addresses, and financial transactions must remain visible. Our underwriting team reviews all documentation to verify financial stability and consistency. Step 4: Second Underwriting Review Third Party Screening Completed through RentSpree. Screening includes: Credit report Credit score review Rental history review Eviction history review Criminal background screening (Chicago Fair Housing & Fair Chance Housing compliant) Minimum Screening Requirements Minimum credit score: 550 No evictions within the past 10 years Occupancy Standards Maximum occupancy: 2 persons per bedroom Children 2 years old and younger are not counted Important Information All fees are non refundable Every adult (18+) must apply Applications must be complete before review Additional documentation may be requested Providing false or misleading information may result in denial Meeting minimum criteria does not guarantee approval 1 Month Free Promotion! This promotion provides 1 month free, applied over 3 months. Each of the three months will receive a credit equal to approximately 33.3% of the monthly rent amount. To qualify, applicants must: Submit a completed application Pass our underwriting department review I & J Good Rentals LLC Office Hours: Monday Friday | 10 AM 3 PM Lease Terms: Move-In Costs Move-in fee: $600.00 Admin fee: $300.00 First month's rent due prior to occupancy: $1,200.00 Total Cost: $2,100.00 Occupancy Standards Maximum occupancy: Two (2) persons per bedroom Children two (2) years of age and under are not counted toward occupancy limits Identification Requirements Two (2) valid forms of government-issued identification are required for each adult applicant Screening Process (Two-Step Review) Step 1: Preliminary Income Review Income documentation is reviewed first to confirm affordability Applicants who meet income requirements may proceed to Step 2 Step 2: Full Screening (via Third Party) Credit review: $50.00/adult Eviction history review Credit Criteria Minimum credit score: 550 or higher Credit history is reviewed as part of the overall application package No single factor is considered in isolation Eviction History No evictions within the past ten (10) years Exceptions may be considered only if documentation proves: The eviction was dismissed The eviction was never executed Or the eviction was legally vacated or removed Criminal Background Review (Chicago-Compliant) is reviewed only after income verification and credit qualification are met. Additional Notes All adults 18 years or older must apply and be screened Applications must be complete to be considered Providing false or misleading information may result in denial Meeting the minimum criteria does not guarantee approval.