5500 West Adams, Chicago IL 60644
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 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 5 unit value add buildings in this market!
Features & Information
Key Details
- List Price $435,000
- Property Taxes $9,242
- Price/ Sq. Ft. Unavailable
- Year Built 1914
- Status New
Building Information
- Age of Building Older
- Exterior Construction Brick
- Heating & Cooling Gas, Hot Water
Location
- County Cook
- Directions to Property Corner Of Adams And Lotus Ave, One Block East Of Central
-
Property Taxes
- Tax 9242
- Parcel Identification Number 16161030430000
Listed by: RE/MAX Premier | Phone: 708.246.6300
Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 3/19/2026 11:32 PM. 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.
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