5500 W Lake Street Chicago, IL $ 1,650,000
5500 W Lake Street
$ 1,650,000
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5500 W Lake Street

Chicago, IL, 60644
$ 1,650,000
Bedrooms1 Baths0.0

Monthly Estimate*

$ 10,159

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Multi-Family Home for sale in Chicago, IL

for $1,650,000 with 1 bedroom. This home was built in 1964.

11 unit building which offers comfortable living on the West Side-less than half a mile from Oak Park. This unique and rare investment opportunity features 11 spacious, cozy units, each thoughtfully designed with one separate bedroom, a large living room suitable for a living/dining room combination, one bathroom, a kitchen, hall closet, and a private furnace room. New flooring and freshly painted with newer appliances throughout the building. Some units have new furnaces. This property offers far more than expected, including excellent access to public transportation with the Green Line train and bus just steps away. Tenants will also enjoy proximity to Levin Park, convenient street parking, and five exterior parking spaces-providing added convenience and the potential for additional income. The property also includes an area ideal for coin-operated laundry and individual storage units. This can also be an additional residential unit. Property is presently empty and being sold "As-Is". Units are all ready to rent.

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Multi-Family Active

Price

$ 1,650,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 14,551

Style

Multi-Family

Year Built

1964

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12680755

Features
General
Cooling Window Unit(s)
Possession Closing
Zoning MULTI
Construction Materials Brick
Year Built 1964
Electric Circuit Breakers Fuses
Tenant Pays Electricity Heat
Stories Count 3
Tax Year 2023
Current Use Multi-Family
Gross Income 132000
County Cook
Net Operating Income 108000
Operating Expense 5000
Insurance Expense 3000
Property Type Commercial Sale Multi Family 5+
MaintenanceExpense 1000
Possible Use Multi-Family
Status New
Directions Central Ave to Lake Street east to address
City Chicago
Number Of Units Total 11
MLS Area CHI - Austin
Tax Annual Amount 14551
Electric Expense 910
Fuel Expense 922
Trash Expense 1200
Water Sewer Expense 1000
Additional Parcels Y/N N
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Lot Dimensions 50X130
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* Excluded Features
List By
R4 Commercial Real Estate Solutions

Broker

eruiz@R4cre.com;eruiz@r4cre.com

Email

Affordability Calculator

$11,372
Per Month
89%
11%
0%
Monthly Principal & Interest
$10,159
Monthly Property Taxes
$1,213
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2026$1,650,000 Listed Price

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5500 W Lake Street, Chicago, IL, 60644 is a Multi-Family Home for sale at $1,650,000. 5500 W Lake Street has 1 bedrooms, 0.0 baths, and was built in 1964. The property's zip code is 60644 which is in Chicago, IL