5500 W Adams Street
Chicago, IL 60644

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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!

Features

• Property Type: Commercial
• Sub Type: Multi Family 5+
• Listing Status: Active
• County/Area: Cook County
• Zip Code: 60644
• Year Built: 1914
• Stories: 2
• Units: 5 units
• Approximate Age: Older
• Built Before 1978 (Y/N): Yes
• Construction Materials: Brick
• Directions: Corner of Adams and Lotus Ave, one block east of Central
• Heat/Ventilation: Gas, Hot Water
• Information: REO/Lender Owned
• Main Type: Commercial Sale
• Outdoor Parking: 1-5 Spaces
• Tax Annual Amount: 9242
• Tax Year: 2024
• Township: West Chicago
• Type Multi-Family: Corridor-Interior Entrance