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5-Unit Brick Apartment Building
For Sale
$435,000

5500 West Adams Street, Chicago, IL 60644

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

Property SizeContact for details
Days on Market170

Property Features for 5500 West Adams Street

General Information

Standard status Active
Property subtype Multi Family 5+ / Corridor-Interior Entrance

Taxes and HOA fees

Annual Taxes $9,242

Building Details

Year Built 1914
Stories 2
Listing Agency: RE/MAX Properties
Listed By: Ryan Smith · License #475150650
Source: Compass
Added: Mar 14 Changed: Aug 29 Last Checked: Aug 29 at 9:38PM

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 RE/MAX Properties

Investment Insights

Based on property information with market context.

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

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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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 West Adams Street Chicago, IL.
What is the asking price?
The asking price for this property is $435,000.
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
More about this property
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