This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/51
$435,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/51
Property Description
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 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 5 unit value add buildings in this market!
Full Property Details
Full Property Details for 5500 W Adams St
General
- Price: $435,000
- Taxes: $9,242 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12590602
- Updated: Today (3/15/2026)
- Added to Site: Today
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: Corner of Adams and Lotus Ave, one block east of Central
Heating & Cooling
- Heating Type: Gas, Hot Water
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Stories/Levels: 2
- Year Built: 1914
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 50 x 125
Financial Considerations
- Assessment Year: 1914
- Tax Amount: $9,242
- Tax Year: 2024
Disclosures and Reports
- Property ID: 16161030430000
Listed by RE/MAX Premier
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 5500 W Adams St
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Depriest Elementary School 139 South Parkside Avenue, Chicago, IL 60644 | K-8 | 0.2 mi |
Douglass Academy High School 543 North Waller Avenue, Chicago, IL 60644 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5500 W Adams St
Date
Details
Price
Change
Source
3/15/2026
Listed
$435,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5500 W Adams St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,440
3%
$40,000
—
2022
$8,227
2%
$40,000
—
2021
$8,044
68%
$40,000
86%
2020
$4,802
-4%
$21,558
-13%
2019
$4,979
2%
$24,780
—
2018
$4,895
43%
$24,780
12%
2017
$3,434
-3%
$22,030
—
2016
$3,555
—
$22,030
—
2015
$3,556
22%
$22,030
21%
2014
$2,910
2%
$18,251
—
2013
$2,841
—
$18,251
—
2012
$2,827
—
$18,251
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5500 W Adams St
5500 W Adams Street, Chicago, IL 60644 (MLS# 12590602) is a Commercial property. 5500 W Adams Street is currently listed for $435,000 and was received on March 15, 2026. Want to learn more about 5500 W Adams Street? Do you have questions about finding other Commercial real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.

