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5-Unit Brick Apartment Building

5500 W Adams St, Chicago, IL 60644

For Sale
$395,000

Brick multifamily property with fenced rear parking and multiple access points.

Property SizeContact for details
Days on Market236

Property Features for 5500 W Adams St

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1914
Listing Agency: Smith Partners & Associates
Listed By: Ryan Smith · License #475150650
Source: Saladinosells
Added: Mar 17 Changed: Oct 25 Last Checked: Oct 5 at 11:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smith Partners & Associates

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Investment Insights

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Built in 1914, this five-unit apartment building features a solid all-brick exterior and a fenced yard with rear parking accessed from the alley. A central entry leads to four apartments arranged off the foyer, while the lower-level unit has its own exterior entrance.

The four upper units each include a living room, formal dining room, two bedrooms, and a rear porch. The lower-level apartment is currently stripped and requires redesign; its existing area is described as capable of accommodating two additional bedrooms. Historic Columbus Park is within one block, with I-290 and Madison Avenue public transportation located within blocks.

Key Highlights

  • Five‑unit apartment building constructed in 1914
  • All‑brick exterior with a completely fenced yard
  • Rear parking accessed from the alley

Property Analytics

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Location Intelligence

Trade Area within ½ mile

1,036
Businesses Nearby

Demographics for 60644, IL

47,239
Population
20,619
Households
2.3
Avg Household Size
36
Median Age
11%
College-Educated
85%
High-School Grad
3.5 sq mi
ZIP Area
13,497
Density / Sq Mi
$37,952
Median Household Income
$31,304
Median Earnings
$1,096
Median Rent
$238,300
Median Home Value
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Market

Properties on Market for Apartment buildings in Chicago

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Brick multifamily property with fenced rear parking and multiple access points.
Where is this apartment building located?
The property is located at 5500 W Adams St Chicago, IL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Five‑unit apartment building constructed in 1914; All‑brick exterior with a completely fenced yard; Rear parking accessed from the alley
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