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$235,000
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Property Description
Great Investment Opportunity, 2-Flat Brick Building in the Heart of Austin - Perfect for Investors or Multi-Generational Living! This two-unit brick- building offers versatile living options. Whether you want to rent out one unit while residing in the other or lease both, the choice is yours! Each unit offers plenty of natural light, separate living and dining rooms, eat-in kitchens and spacious layouts, along with an enclosed rear sunroom for additional year-round enjoyment. Each unit offers 3 bedrooms, 1 bath. The full basement adds even more value, offering additional living space and a 3rd bathroom. Whether you're searching for your next home or a smart investment property, this gem has it all! While work is needed, the property has solid bones and the roof is 5 years old. This property is conveniently located near public transportation, Columbus Park, local shops and 290 expressway offering easy access to all that the city has to offer. Schedule your showing today and experience modern living in one of Chicago's vibrant neighborhoods.
Full Property Details
Full Property Details for 5501 W Adams St
General
- Sold For: $235,000
- Taxes: $4,319 (2022)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12118071
- Added to Site: 456 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 2
- Total Spaces: 2
- Parking Features: On Site, Detached, Garage
- Parking On-Site: Yes
Location
- Area: CHI - Austin
- County: Cook
- Driving Directions: 5500 W 200 S
School Information
- School District: 130
- Midd School District: 130
Heating & Cooling
- Heating Type: Natural Gas, Radiator(s)
Utilities
- Water: Lake Michigan
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Full
- Built Before 1978: Yes
Unit Information
- Units in Building: 2
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 3224
Financial Considerations
- Tax Amount: $4,319
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 16161060250000
Listed by Gwen Smith
Sold by eXp Realty - Chicago North Ave
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Schools
Schools serving 5501 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 |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5501 W Adams St
Date
Details
Price
Change
Source
9/22/2025
Sold
$235,000
0.21%
MLS
2/25/2025
Price Reduced
$234,500
-6.2%
MLS
7/22/2024
Listed
$250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5501 W Adams Street, Chicago, IL 60644 (MLS# 12118071) is a Multi-Family property that was sold at $235,000 on September 22, 2025. Want to learn more about 5501 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.

