5500 W Adams Street
Chicago, IL, 60644
$420,000
9 Beds
5 Baths
0 SqFt
0 Acres
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MLS #MRD12590602 image #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!

Property Details

Price:
$420,000
MLS #:
MRD12590602
Status:
Active
Beds:
9
Baths:
5
Type:
Commercial
Neighborhood:
chiaustin
Listed Date:
Mar 15, 2026
Year Built:
1914
Chi – AustinChiaustin

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Schools

Interior

Exterior

Construction Materials
Brick
Stories
2

Financial

Tax Year
2024
Taxes
$9,242

Map

Community

Market Summary

Current real estate data for Commercial in Chicago as of Jun 14, 2026
924
Commercial Listed
185
Avg DOM
$993,435
Avg List Price

Property Summary

    5500 W Adams Street Chicago IL is a Commercial for sale in Chicago, IL, 60644. It is listed for $420,000

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