5500 W Adams ST, Chicago, IL 60644
5500 W Adams ST, Chicago, IL 60644
5500 W Adams ST, Chicago, IL 60644
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$410,000
Est. payment /mo
8 Beds
4 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12733664

Bedrooms 8

Year Built 1914

Annual Tax Amount $8,440

Tax Year 2023

Lot Dimensions 50X125

Property Sub-Type Two to Four Units

Property Description

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!

Location

State IL

County Cook

Area Chi - Austin

Rooms

Basement Partially Finished, Full

Interior

Heating Forced Air

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Lake Michigan

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition REO/Lender Owned


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Midwest Real Estate Data (MRED) IDX
Listed by Ryan Smith of  RE/MAX Premier 

Nearby Locations

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