PendingPrice Reduced

$395,000

$410,000
5500 Adams Street, Chicago, IL 60644
8 Beds4 Baths39 days
5500 Adams Street·Chicago, IL 60644
8Bedrooms
4Bathrooms
1914Year Built
About This Home

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 possible 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 value add buildings in this market!

MLS# 12733664Listed August 14, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms8
Total Bathrooms4
Total Rooms20

Size & Structure

Year Built1914
Lot Size50X125

Location

CountyCook
TownshipWest Chicago
Zip Code60644

Financial

List Price$395,000
Original Price$410,000
Annual Taxes (2023)$8,440
Monthly Tax Est.$703
Parcel #16161030430000
Interior Features

Heating

Forced Air

Basement

Partially FinishedFull
Exterior & Lot

Construction

Brick
Utilities & Parking

Sewer

Public Sewer

Water Source

Lake Michigan
Tax & Financial
Annual Taxes
$8,440
Tax Year 2023
Monthly Tax Est.
$703
per month
Price Reduced by $15,000
Original list price: $410,000
Property Location

5500 Adams Street, Chicago, IL 60644 — Cook County

$395,000
5500 Adams Street
8 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
39 days on market
50X125
$8,440/yr taxes
Price reduced $15,000
$2,779
estimated monthly payment
Principal & Interest
$2,076/mo
Property Tax
$703/mo
$395,000
20% — $79,000
3%50%
6.875%
3%12%
Loan Amount
$316,000
Down Payment
$79,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Smith Partners & Associates
Agent: Ryan Smith
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