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Multi Family 5+ · Chicago, IL
$1,650,000
beds · baths
5500 W Lake Street, Chicago, IL, 60644
A brick-and-mortar place to make your own — room to make it home.
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What’s special

11 unit building which offers comfortable living on the West Side-less than half a mile from Oak Park. This unique and rare investment opportunity features 11 spacious, cozy units, each thoughtfully designed with one separate bedroom, a large living room suitable for a living/dining room combination, one bathroom, a kitchen, hall closet, and a private furnace room. New flooring and freshly painted with newer appliances throughout the building. Some units have new furnaces. This property offers far more than expected, including excellent access to public transportation with the Green Line train and bus just steps away. Tenants will also enjoy proximity to Levin Park, convenient street parking, and five exterior parking spaces-providing added convenience and the potential for additional income. The property also includes an area ideal for coin-operated laundry and individual storage units. This can also be an additional residential unit. Property is presently empty and being sold "As-Is". Units are all ready to rent.
— the listing agent’s description

The home

Built in 1964
Lot 50X130
Multi Family 5+

What it’ll cost

$14,551 taxes / yr
No HOA
New today

Estimated monthly payment

$10,467/mo
Principal & interest$8,773
Property taxes$1,213
Homeowners insurance$481
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WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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New today
Price history
Listed for sale
Jun 17, 2026
$1,650,000
Property taxes
2025
Annual tax bill (MLS)
$14,551/yr
From county records — verify with the assessor.

Features

Window Unit(s)Brick

Schools nearby

Austin Special School and Sheltered Work Center · 0.2 mi
Duke Ellington Elementary School · 0.2 mi
Austin Community Academy High School · 0.2 mi
Frederick Douglass Academy High School · 0.2 mi
Community Lutheran School · 0.3 mi
This listing didn’t include assigned schools, so these are the closest schools (OpenStreetMap) — not necessarily the attendance-zoned schools. Confirm assignment with the district.
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Heriberto Ruiz · R4 Commercial Real Estate Solutions
Listing last updated Jun 17, 2026 · data refreshed from the MLS Jun 17, 2026, 10:51 PM CT
Based on information submitted to the MLS GRID as of Jun 17, 2026, 10:51 PM CT. Listing data © MRED LLC, distributed by MLS GRID — deemed reliable but not guaranteed; independently verify. Anything shown below this point is not MLS listing data.
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