Listing provided courtesy of RE/MAX PremierMREDas Distributed by MLSGrid- MLS# 12590602
Images
Request Info5500 W Adams StreetChicago, IL 60644
Commercial · 9 Beds$420,000
Active
5500 W Adams Street Overview
- Time on Site:
- 107 days
- Visits:
- 0
Located on a spectacular corner lot in the heart of the Austin community within a block of historic Columbus Park you will fall in love with the potential these 5 units building offers! Solid all brick exterior with a completely fenced yard that allows secure parking in the rear off the alley this building has great upside! With a center entrance there are 4 units split off the foyer with the fifth unit being in the lower level with a separate access door! Each unit offers a large sun-drenched living room with a formal dining room and two bedrooms. Each units provides rear porch for those summer nights. The fifth unit which is in the lower level needs to be redesigned as currently stripped but has the space to offer an additional two bedrooms. The upside at this price basis is there, the building can be a great rental property and offers HUGE upside from an equity standpoint. Located within blocks of I-290, Public transportation on Madison Ave and much more! Get inside this building today as you often do not find 5 unit value add buildings in this market!
Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map
5500 W Adams Street Facts & Features
- Type Commercial
Details
General
Income/Expenses
- Other Expense: 0
- Electric Expense: 0
- Fuel Expense: 0
- Gross Income: 0
- Insurance Expense: 0
- Maintenance Expense: 0
- Net Operating Income: 0
- Operating Expense: 0
- Trash Expense: 0
- Water Sewer Expense: 0
Building Information
- Year Built: 1914
Location/Region
- County Or Parish: Cook
- MLS Area Major: CHI - Austin
- Township: West Chicago
Tax Information
- Tax Annual Amount: $9,242.00
- Tax Year: 2024
General Information
- Parcel Number: 16161030430000
- Property Type: Commercial Sale
Interior
General Information
- Stories: 2
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Dimensions: 50 x 125
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 5
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Beds Total: 2
- Baths Total: 1
- Units Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Beds Total: 2
- Baths Total: 1
- Units Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Beds Total: 2
- Baths Total: 1
- Units Total: 1
Unit 4 Details
- Unit Type: Unit 4
- Beds Total: 2
- Baths Total: 1
- Units Total: 1
Unit 5 Details
- Unit Type: Unit 5
- Beds Total: 1
- Baths Total: 1
- Units Total: 1
Unit 6 Details
- Unit Type: Unit 6
- Beds Total: 0
- Units Total: 0
Unit 7 Details
- Unit Type: Unit 7
- Beds Total: 0
- Units Total: 0
5500 W Adams Street Neighborhood
Community
60644 (Chicago) Demographics
36
Median Age
13,070
Population Density (per sq. mile)
19%
College Educated
$28,033
Estimated Median Income
5,202
Estimated Total Home Owners
12,107
Estimated Total Renters
30% / 70%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.5500 W Adams Street Monthly Cost
5500 W Adams Street Market Data
Based on the last 30 days in this zip code
$312,454
Average List Price
$167
Average Price per Square Foot
10
Properties Sold
73
Average Days on Market
33
Properties for Sale
5500 W Adams Street History
| Date | Value | Agent |
|---|---|---|
| 6/18/2026Source: MRED | Active |
|
| 6/12/2026Source: MRED | $420,000 -1.2% |
|
| 6/12/2026Source: MRED | Price Change |
|
| 5/18/2026Source: MRED | Active |
|
| 5/13/2026Source: MRED | $425,000 -2.3% |
|
| 5/13/2026Source: MRED | Price Change |
|
| 4/9/2026Source: MRED | Pending |
|
| 3/20/2026Source: MRED | Active |
|
| 3/15/2026Source: MRED | March 15, 2026 |