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Brick Apartment Building
For Sale
$649,900

5501 W Quincy Street, Chicago, IL 60644

Nine-unit brick multifamily property with a two-bedroom and one-bedroom unit mix, offered in its existing condition.

Property Size14,000 SF
Price / SF$46.42
Days on Market25

Property Features for 5501 W Quincy Street

General Information

Standard status Active
Size 14,000 SF
Property subtype MULTI_FAMILY

Units

Unit Mix 6 x 2BR/1BA, 3 x 1BR/1BA
Multifamily Units 9

Taxes and HOA fees

Annual Taxes $9,992

Building Details

Building Size 14,000 SF
Year Built 1926
Buildings 1
Construction brick
Listing Agency: Parkvue Realty Corporation
Listed By: Anthony Disano · License #471010606
Source: Dawnmckennagroup
Added: Jul 16 Changed: Aug 8 Last Checked: Aug 8 at 9:15AM

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 Parkvue Realty Corporation

Investment Insights

Based on property information with market context.

This 9-unit brick apartment building contains 14,000 square feet and was constructed in 1926. The configuration includes six 2-bedroom/1-bath apartments and three 1-bedroom/1-bath apartments, creating a defined mix within the property. The building is being sold strictly as-is.

Located at 5501 W Quincy Street in Chicago, the property occupies a corner lot. No survey is available, and the buyer will be responsible for assuming all code compliance requirements associated with the property.

Key Highlights

  • 9‑unit brick apartment building
  • 14,000 square feet constructed in 1926
  • Unit mix includes six 2‑bedroom/1‑bath and three 1‑bedroom/1‑bath apartments

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 Acupuncture

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

Lease Details

9
Residential units

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine-unit brick multifamily property with a two-bedroom and one-bedroom unit mix, offered in its existing condition.
Where is this apartment building located?
The property is located at 5501 W Quincy Street Chicago, IL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: 9‑unit brick apartment building; 14,000 square feet constructed in 1926; Unit mix includes six 2‑bedroom/1‑bath and three 1‑bedroom/1‑bath apartments
More about this property
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