Furniture wood, or a common street name (3)
I believe the answer is:
elm
This clue is a double definition.
'furniture wood' is the first definition.
(I've seen this in another clue)
'a common street name' is the second definition.
(I've seen this in another clue)
(Other definitions for elm that I've seen before include "Kind of tree" , "It provides shade" , "Perennial plant" , "Tree with a Dutch disease" , "wood used in pelmets" .)