5248-50 West Adams, Chicago IL 60644
$575,000

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Property Description

Fantastic investment opportunity! Cash flow immediately or live and build equity for FREE. This spacious 4-unit building on a double lot offers a mix of generous floor plans with two 3-bedroom/1-bath units on the top floor and two oversized 2-bedroom/1-bath units on the first floor. Building improvements include fully renovated owner unit (2023), updated electrical, all new copper and PVC plumbing, individual newer furnaces, all newer hot water heaters, and newer vinyl windows. The full unfinished basement with sump pump system provides excellent potential for expansion or additional storage. Stairs are already set up to duplex down. Exterior highlights include a 2-car garage and a large private fenced in back yard. Conveniently located near major streets, public transit, Columbus Park, Garfield Park, and easy access to I-290. Three units are currently leased, with owner unit delivered vacant.

Features & Information

Key Details

  • List Price $575,000
  • Property Taxes $8,439.60
  • Price/ Sq. Ft. Unavailable
  • Year Built 1915
  • Parking Type Garage
  • Status New

Rooms

  • Total Rooms 22
  • Basement F

Exterior Features

  • Parking

  • Parking Details Garage
  • # of Cars:  2

Building Information

  • Number of Units 4
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas
  • Units

  • Unit 1 Stove, Refrigerator
  • Unit 2 Stove, Refrigerator
  • Unit 3 Stove, Refrigerator
  • Unit 4 Stove, Refrigerator

Location

  • County Cook
  • Township West Chicago
  • Corporate Limits Chicago
  • Directions to Property Laramie To Adams St, West On Adams St To Property Address.
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 8439.60
  • Tax Year 2023
  • Parcel Identification Number 16161050220000

Utilities

  • Sewer Sewer-Publ

Listed by Frank Montro for Keller Williams Preferred Rlty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 9/2/2025 3:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Explore South Austin

With wide boulevards, plenty of park space, inexpensive housing and convenient transportation options, South Austin is a Chicago neighborhood on the rise. Civic organizations are an active part of South Austin's community culture, working with residents and local businesses to revitalize the area and create an attractive and pleasant environment. A classic farmer's market sets up shop in the heart of South Austin every week during the warm weather months, and year round recreational activities are always going on at the neighborhood's popular Columbus Park fieldhouse. A nine-hole golf course makes it easy for South Austiners to keep those tee times and summertime movies and concerts in the park are a great evening event for the whole family to enjoy.

Read More About South Austin...

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