5500 W Lake Street
Chicago, IL, 60644
$1,650,000
1 Beds
1 Baths
0 SqFt
0 Acres
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MLS #MRD12680755 image #0
11 unit building which offers comfortable living on the West Side-less than half a mile from Oak Park. This unique and rare investment opportunity features 11 spacious, cozy units, each thoughtfully designed with one separate bedroom, a large living room suitable for a living/dining room combination, one bathroom, a kitchen, hall closet, and a private furnace room. New flooring and freshly painted with newer appliances throughout the building. Some units have new furnaces. This property offers far more than expected, including excellent access to public transportation with the Green Line train and bus just steps away. Tenants will also enjoy proximity to Levin Park, convenient street parking, and five exterior parking spaces-providing added convenience and the potential for additional income. The property also includes an area ideal for coin-operated laundry and individual storage units. This can also be an additional residential unit. Property is presently empty and being sold “As-Is”. Units are all ready to rent.

Property Details

Price:
$1,650,000
MLS #:
MRD12680755
Status:
Active
Beds:
1
Baths:
1
Type:
Commercial
Neighborhood:
chiaustin
Listed Date:
Jun 17, 2026
Year Built:
1964
Chi – AustinChiaustin

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$1,000
Net Operating Income
$108,000
Tax Year
2023
Taxes
$14,551

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Community

Market Summary

Current real estate data for Commercial in Chicago as of Jun 18, 2026
914
Commercial Listed
185
Avg DOM
$992,303
Avg List Price

Property Summary

    5500 W Lake Street Chicago IL is a Commercial for sale in Chicago, IL, 60644. It is listed for $1,650,000

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