5449 W Quincy St Chicago, IL 60644
Austin NeighborhoodEstimated payment $5,821/month
About This Home
New low price!! Bring your buyers and offers, owners open to creative financing solutions!! This 12-unit multi-family property at 5449-51 W Quincy in Chicago presents a prime value-add opportunity for savvy investors looking to capitalize on the city's robust rental market. The building features (12) spacious 2-bedroom/1-bathroom units with well-designed layouts, offering ample living space that appeals to a wide range of tenants. Each unit is primed for light rehabilitation, allowing new ownership to enhance interiors and boost rental potential through strategic upgrades. The property's solid structure is a standout feature, with a sound foundation and well-maintained masonry exterior in excellent condition, ensuring long-term durability and low maintenance costs. This sturdy construction provides a reliable base for renovations, making it an ideal canvas for investors aiming to maximize value. With significant potential for increased cash flow through effective management and targeted improvements, this property is perfectly positioned for those seeking to unlock its full potential in Chicago's dynamic multi-family market.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,879
Year Built
- Built in 1925
Lot Details
- Lot Dimensions are 55x125
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- 10,800 Sq Ft Home
- 3-Story Property
Utilities
- Radiator
- Baseboard Heating
- Radiant Heating System
Community Details
Overview
- 12 Units
Building Details
- Electric Expense $4,200
- Fuel Expense $13,000
- Insurance Expense $12,000
- Maintenance Expense $5,000
- Manager Expense $11,088
- Other Expense $5,500
- Trash Expense $3,500
- Water Sewer Expense $6,500
- Operating Expense $76,284
- Gross Income $184,800
- Net Operating Income $108,516
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | Price Changed | $899,000 | -10.1% | $83 / Sq Ft |
| 08/08/2025 08/08/25 | Price Changed | $999,900 | -16.7% | $93 / Sq Ft |
| 06/11/2025 06/11/25 | For Sale | $1,200,000 | -- | $111 / Sq Ft |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12390154
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