5501 W Quincy St Chicago, IL 60644
Austin NeighborhoodEstimated payment $4,398/month
About This Home
**Multiple offers received, highest and best due 8/5 1:00 PM** Rarely available 9-unit brick apartment building situated on a prominent corner lot, offering excellent visibility and a compelling value-add investment opportunity. The property features a desirable unit mix of (6) 2-bedroom/1-bath units and (3) 1-bedroom/1-bath units, providing strong income-producing potential with significant upside through rental repositioning and operational improvements. An excellent opportunity for investors seeking to enhance cash flow and maximize long-term returns in a well-positioned multifamily asset. Property is being sold strictly as-is. No survey is available. Buyer will be responsible for assuming all code compliance requirements.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,992
Year Built
- Built in 1926
Lot Details
- 6,899 Sq Ft Lot
Parking
- On-Street Parking
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Interior Spaces
- 14,000 Sq Ft Home
- 3-Story Property
- Unfinished Basement
Utilities
- Window Unit Cooling System
- Radiator
Community Details
Overview
- 9 Units
Building Details
- Electric Expense $4,200
- Fuel Expense $1,300
- Insurance Expense $12,000
- Maintenance Expense $7,500
- Trash Expense $5,300
- Water Sewer Expense $6,500
- Operating Expense $9,992
- Gross Income $163,800
- Net Operating Income $82,782
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,883 | $69,100 | $11,038 | $58,062 |
| 2024 | $9,992 | $69,100 | $11,038 | $58,062 |
| 2023 | $9,741 | $47,360 | $7,244 | $40,116 |
| 2022 | $9,741 | $47,360 | $7,244 | $40,116 |
| 2021 | $9,523 | $47,358 | $7,243 | $40,115 |
| 2020 | $8,794 | $39,474 | $7,243 | $32,231 |
| 2019 | $7,931 | $39,474 | $7,243 | $32,231 |
| 2018 | $7,797 | $39,474 | $7,243 | $32,231 |
| 2017 | $8,439 | $39,202 | $5,691 | $33,511 |
| 2016 | $7,852 | $39,202 | $5,691 | $33,511 |
| 2015 | $7,184 | $39,202 | $5,691 | $33,511 |
| 2014 | $6,728 | $36,264 | $5,691 | $30,573 |
| 2013 | $6,595 | $36,264 | $5,691 | $30,573 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/19/2026 08/19/26 | Pending | -- | -- | -- |
| 07/16/2026 07/16/26 | For Sale | $649,900 | -- | $46 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | -- | None Listed On Document | |
| Deed | -- | Old Republic Title | |
| Warranty Deed | $380,000 | Ctic | |
| Legal Action Court Order | -- | None Available | |
| Warranty Deed | $550,000 | Multiple | |
| Warranty Deed | $335,000 | Stewart Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $877,500 | Construction | |
| Closed | $400,000 | Commercial | |
| Closed | $440,000 | Commercial | |
| Previous Owner | $268,000 | Commercial |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12707310
APN: 16161090200000
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 5500 W Adams St
- 5334 W Jackson Blvd
- 5254 W Monroe St
- 5228 W Quincy St
- 42 N Long Ave
- 5255 W Monroe Ave
- 351 - 355 S Cicero Ave
- 105 S Waller Ave
- 5222 W Monroe St
- 28 N Lockwood Ave
- 27 N Lockwood Ave
- 5215 W Van Buren St
- 4722 W Washington Blvd
- 149 N Pine Ave
- 25 N Menard Ave Unit 2S
- 151 N Long Ave
- 5220 W Washington Blvd
- 33 S Mayfield Ave
- 48 N Menard Ave Unit 3A
- 48 N Menard Ave Unit B-3
Ask me questions while you tour the home.