5501 W Quincy Street Chicago, IL ^$ 649,900

5501 W Quincy Street

^$ 649,900

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5501 W Quincy Street

Chicago, IL, 60644

^$ 649,900

Bedrooms3 Baths0.0 Sq 14,000

Monthly Estimate*

^$ 4,104

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Multi-Family Home for sale in Chicago, IL

for $649,900 with 3 bedrooms. This 14,000 square foot home was built in 1926 on a lot size of 0.16.

**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.

Multi-Family Contingent

Price

^$ 649,900

Bedrooms

Property Type

Multi-Family

Taxes

^$ 9,992

Style

Multi-Family

Lot Size

0.16

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12707310

Features

General

Cooling Window Unit(s)

Zoning MULTI

Construction Materials Brick

Year Built 1926

Electric Circuit Breakers

Stories Count 3

Township West Chicago

Tax Year 2023

Current Use Multi-Family

Gross Income 163800

County Cook

Net Operating Income 82782

Operating Expense 9992

Insurance Expense 12000

Property Type Commercial Sale Multi Family 5+

Contingency Other Contingency

MaintenanceExpense 7500

Status Contingent

Directions N on Lotus W on Quincy to subject

City Chicago

Number Of Units Total 9

MLS Area CHI - Austin

Lot Size Square Feet 6899

Tax Annual Amount 9992

Electric Expense 4200

Fuel Expense 1300

Trash Expense 5300

Water Sewer Expense 6500

Additional Parcels Y/N N

Standard Status Active Under Contract

Interior

Basement Unfinished

Exterior

Foundation Details Concrete Perimeter

Building Area Total 14000

Lot Dimensions 0.1584

Lot Size Acres 0.16

* Excluded Features

List By

Parkvue Realty Corporation

Broker

sales@parkvuerealty.com

Affordability Calculator

$4,936

Per Month

Monthly Principal & Interest: $4,104
Monthly Property Taxes: $833
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Trends
Schools

Multi-family listings in Chicago, IL

Average List Price ^$637,552

Percent of Sale Price 2%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/24/2026	$649,900		Listed Price

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5501 W Quincy Street, Chicago, IL, 60644 is a Multi-Family Home for sale at $649,900 with 14,000 sqft and a lot size of 0.16. 5501 W Quincy Street has 3 bedrooms, 0.0 baths, and was built in 1926. The property's zip code is 60644 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 8/23/2026.

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5501 W Quincy Street

Multi-Family Home for sale in Chicago, IL

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