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  • $395,000

    5500 W Adams St, Chicago, IL 60644

    8beds
    --sqft
    Multi Family
    Built in 1914
    -- sqft lot
    $394,000 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Solid all brick exteriorCompletely fenced yardFormal dining roomSpectacular corner lot
    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!
    30 days
    900
    96

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan Smith (708)246-6300,

    Smith Partners & Associates

    Source: MRED as distributed by MLS GRID,MLS#: 12733664MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Forced Air
      Features
      • Basement: Partially Finished,Full

      Property

      Lot
      • Size: 6,250 Square Feet
      • Dimensions: 50X125
      Details
      • Parcel number: 16161030430000
      • Special conditions: Real Estate Owned

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Brick
      Condition
      • New construction: No
      • Year built: 1914

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Lake Michigan

      Community & HOA

      Location
      • Region: Chicago

      Financial & listing details

      • Tax assessed value: $460,000
      • Annual tax amount: $8,440
      • Date on market: 8/16/2026
      • Ownership: Fee Simple

        Foreclosure details

        Estimated market value

        $394,000

        $374,000 - $414,000

        $2,048/mo

        Price history

        Price history is unavailable.

        Public tax history

        YearProperty taxesTax assessment
        2024$9,242 +9.5%$46,000 +15%
        2023$8,440 +2.6%$40,000
        2022$8,227 +2.3%$40,000
        2021$8,044 +67.5%$40,000 +85.5%
        2020$4,802 -3.5%$21,558 -13%
        2019$4,979 +1.7%$24,780
        2018$4,895 +42.5%$24,780 +12.5%
        2017$3,434 -3.4%$22,030
        2016$3,555 0%$22,030
        2015$3,556 +22.2%$22,030 +20.7%
        2014$2,910 +2.4%$18,251
        2013$2,841 +0.5%$18,251
        2012$2,827 -24.9%$18,251 -30.9%
        2011$3,765 +7.2%$26,431
        2010$3,512 +9.9%$26,431
        2009$3,196 -40.3%$26,431 -39.9%
        2008$5,350 +8%$44,009
        2007$4,952 +18%$44,009
        2006$4,197 +52.6%$44,009 +82.4%
        2005$2,751 +1.9%$24,131
        2004$2,700 -29.3%$24,131
        2003$3,818 +24.8%$24,131 +41.7%
        2002$3,060 +3.8%$17,031
        2001$2,949 +46.9%$17,031
        2000$2,008 -0.1%$17,031 +36.8%
        1999$2,009 $12,453
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: South Austin

        Getting around

        80 / 100
        Very Walkable
        71 / 100
        Excellent Transit
        59 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: 299

        Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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