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Corner 9-Unit Brick Apartment Building
For Sale
$649,900

5501 W Quincy Street, Chicago, IL 60644

MULTI_FAMILY - Chicago, IL

Lot Size0.16 Acres
Days on Market18

Property Features for 5501 W Quincy Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning MULTI
Bedrooms 15
Bathrooms 9
Full bathrooms 9
Rooms Bedroom 10, Bathroom 6, Basement, Bedroom 7, Bathroom 4, Bedroom 15, Bathroom 8, Bedroom 5, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 14, Bedroom 2, Bedroom 13, Bathroom 1, Bathroom 5, Bedroom 1, Bedroom 4, Bathroom 9, Bedroom 12, Bathroom 7, Bedroom 9, Bedroom 8, Bedroom 6, Bedroom 11
Basement Unfinished
Directions N on Lotus, W on Quincy to subject
Subdivision CHI - Austin
Standard status Active
APN 16161090200000
Lot size 0.16 Acres

Taxes and HOA fees

Tax Year 2023
Tax Annual Amount 9992

Utilities

Cooling system Window Unit(s)

Building Details

Year built 1926
Floors in Building 3
Number of units 9
Building materials Brick
Listing Agency: Parkvue Realty Corporation
Listed By: Anthony Disano · License #471010606
Added: Jul 16 Changed: Jul 28 Last Checked: Aug 2 at 12:06AM
MLS# 12707310

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This for-sale multifamily property is a brick 9-unit apartment building on a corner lot. The unit mix consists of six 2-bedroom/1-bath units and three 1-bedroom/1-bath units. The building is sold strictly as-is, and no survey is available.

The property is located at 5501 W Quincy Street in Chicago, Illinois (60644). The seller’s remarks note that the site is a prominent corner location with visibility.

Zoned MULTI, the property is intended for residential income use under existing zoning. The buyer will be responsible for assuming all code compliance requirements.

Key Highlights

  • 9‑unit brick apartment building with basement
  • Unit mix: 6 units with 2 bedrooms and 1 bathroom, plus 3 units with 1 bedroom and 1 bathroom
  • Built in 1926

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
Multi-tenant
Tenancy

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 building with a mix of 2-bedroom and 1-bedroom apartments on a prominent corner lot.
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 with basement; Unit mix: 6 units with 2 bedrooms and 1 bathroom, plus 3 units with 1 bedroom and 1 bathroom; Built in 1926
More about this property
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