5500 W Adams Street, Chicago, IL

$395,000

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8

Beds

About 5500 W Adams Street

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!

Features of 5500 W Adams Street

MLS® # 12733664
Price $395,000
Bedrooms 8
Bathrooms 0.00
Year Built 1914
Type Residential Income
Sub-Type Two to Four Units
Status Active

Community Information

Address 5500 W Adams Street
Area CHI - Austin
City Chicago
County Cook
State IL
Zip Code 60644

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Forced Air
Fireplace No
Has Basement Yes
Basement Partially Finished, Full

Exterior

Exterior Brick

School Information

District 299

Additional Information

Days on Market 20
Foreclosure No
Short Sale No
RE / Bank Owned Yes

Listing Details

OfficeSmith Partners & Associates

Listing Map

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