Date
Details
Price
Change
Source
8/14/2026
Listed
$410,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$410,000 Just Listed
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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 possible 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 value add buildings in this market!
Full Property Details
Full Property Details for 5500 W Adams St
General
- Price: $410,000
- Taxes: $8,440 (2023)
- Status: Active
- Type: Multi-Family
- Source: MRED
- MLS ID: 12733664
- Updated: 8/16/2026
- Added to Site: 3 day(s) ago
Interior
- Basement: Partially
Rooms
Bathrooms
- Total Bathrooms: 4
- Upper - Full Baths: 4
Bedrooms
- Total Bedrooms: 8
Location
- Area: CHI - Austin
- County: Cook
- Township: West Chicago
- Driving Directions: CORNER OF ADAMS AND LOTUS AVE ONE BLOCK EAST OF CENTRAL
School Information
- School District: 299
- Elem School District: 299
- Midd School District: 299
- High School District: 299
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Partially Finished, Full
- Year Built: 1914
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Standard Chicago Lot
- Lot Dimensions: 50 x 125
Financial Considerations
- Assessment Year: 1914
- Tax Amount: $8,440
- Tax Year: 2023
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: REO/Lender Owned
- Property ID: 16161030430000
Listed by RE/MAX Premier
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— 5500 W Adams St —
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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
Tax History
Tax History for 5500 W Adams St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,440
—
$46,000
15%
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
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 2Total Baths
- 1,824Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 2Beds
- 2Total Baths
- 1,269Sq. Ft.
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![[Address not provided], Chicago, IL 60644 - Photo 1](https://m.cbhomes.com/p/156/12596172/76c6B45B2cA04ff/s23cc.webp)
5500 W Adams Street, Chicago, IL 60644 (MLS# 12733664) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 5500 W Adams Street is currently listed for $410,000 and was received on August 14, 2026. Want to learn more about 5500 W Adams Street? Do you have questions about finding other Multi-Family real estate for sale in Austin? You can browse all Austin real estate or contact a Coldwell Banker agent to request more information.