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Two to Four Units · Chicago, IL
$410,000
8 beds · 4 baths
5500 W Adams 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

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!
— the listing agent’s description

The home

8 beds
4 baths
Built in 1914
Lot 50X125
Two to Four Units

What it’ll cost

$8,440 taxes / yr
No HOA
3 days on dwello

Estimated monthly payment

$3,003/mo
Principal & interest$2,180
Property taxes$703
Homeowners insurance$120
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Tour this home

In person, on your schedule — a dwello agent meets you there.
WED
Jun 3
THU
Jun 4
FRI
Jun 5
SAT
Jun 6
11:00 am
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3 days on dwello
Price history
Listed for sale
Aug 16, 2026
$410,000
Earlier records
Listed
Mar 15, 2026
$410,000
From MLS records — independently verify.
Property taxes
2025
Annual tax bill (MLS)
$8,440/yr
Assessed value
2025
County assessor
$46,000~$460,000 mkt
2024
$46,000~$460,000 mkt
2023
$40,000~$400,000 mkt
2022
$40,000~$400,000 mkt
2021
$40,000~$400,000 mkt
2020
$21,558~$215,580 mkt
2019
$24,780~$247,800 mkt
2018
$24,780~$247,800 mkt
Assessed value from the Cook County Assessor (open records). Estimated market ≈ assessed × 10 for residential; not an appraisal — verify with the assessor.

Features

Forced AirBrickPublic Sewer
Neighborhood
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Nearby places via OpenStreetMap — approximate; verify what matters to you. Map © Mapbox © OpenStreetMap.
MLS listing dataMRED
Listed by Ryan Smith · RE/MAX Premier
Listing last updated Aug 16, 2026 · data refreshed from the MLS Aug 16, 2026, 9:24 PM CT
Based on information submitted to the MLS GRID as of Aug 16, 2026, 9:24 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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