5501 W Quincy Street
Chicago, IL, 60644
$649,900
3 Beds
2 Baths
0 SqFt
0.16 Acres
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MLS #MRD12707310 image #0
**Multiple offers received, highest and best due 8/5 1:00 PM** Rarely available 9-unit brick apartment building situated on a prominent corner lot, offering excellent visibility and a compelling value-add investment opportunity. The property features a desirable unit mix of (6) 2-bedroom/1-bath units and (3) 1-bedroom/1-bath units, providing strong income-producing potential with significant upside through rental repositioning and operational improvements. An excellent opportunity for investors seeking to enhance cash flow and maximize long-term returns in a well-positioned multifamily asset. Property is being sold strictly as-is. No survey is available. Buyer will be responsible for assuming all code compliance requirements.

Property Details

Price:
$649,900
MLS #:
MRD12707310
Status:
Active Under Contract
Beds:
3
Baths:
2
Type:
Commercial
Neighborhood:
chiaustin
Listed Date:
Jul 16, 2026
Total Sq Ft:
14,000
Lot Size:
6,899 sqft / 0.16 acres (approx)
Year Built:
1926
Chi – AustinChiaustin

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Schools

Interior

Cooling
Window Unit(s)

Exterior

Construction Materials
Brick
Stories
3

Financial

Maintenance Fee
$7,500
Net Operating Income
$82,782
Tax Year
2023
Taxes
$9,992

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Community

Market Summary

Current real estate data for Commercial in Chicago as of Oct 11, 2026
890
Commercial Listed
184
Avg DOM
$1,025,463
Avg List Price

Property Summary

    5501 W Quincy Street Chicago IL is a Commercial for sale in Chicago, IL, 60644. It is listed for $649,900

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