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!
Active
$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
- 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#: 12733664
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
| Year | Property taxes | Tax 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




