5501 W Quincy ST, Chicago, IL 60644
5501 W Quincy ST, Chicago, IL 60644
5501 W Quincy ST, Chicago, IL 60644
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$649,900
Est. payment /mo
14,000 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 14,000 sqft

Price per Sqft $46

MLS Listing ID 12707310

Maintenance Fees $7,500

Year Built 1926

Annual Tax Amount $9,992

Tax Year 2023

Lot Size 6,969 Sqft

Lot Dimensions 0.1584

Property Sub-Type Multi Family 5+

Property Description

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.

Location

State IL

County Cook

Area Chi - Austin

Zoning MULTI

Rooms

Basement Unfinished

Interior

Cooling Window Unit(s)

Fireplace N

Building

Dwelling Type Multi Family 5+

Structure Type Brick


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Midwest Real Estate Data (MRED) IDX
Listed by Anthony Disano of  Parkvue Realty Corporation 

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