itertools.groupby

rows = [
{'address': '5412 N CLARK', 'date': '07/01/2012'},
{'address': '5148 N CLARK', 'date': '07/04/2012'},
{'address': '5800 E 58TH', 'date': '07/02/2012'},
{'address': '2122 N CLARK', 'date': '07/03/2012'},
{'address': '5645 N RAVENSWOOD', 'date': '07/02/2012'},
{'address': '1060 W ADDISON', 'date': '07/02/2012'},
{'address': '4801 N BROADWAY', 'date': '07/01/2012'},
{'address': '1039 W GRANVILLE', 'date': '07/04/2012'},
]

from operator import itemgetter
from itertools import groupby

Sort by the desired field first

rows.sort(key=itemgetter('date'))

Iterate in groups

for date, items in groupby(rows, key=itemgetter('date')):
print(date)
for i in items:
print(' ', i)

results

07/01/2012
{'date': '07/01/2012', 'address': '5412 N CLARK'}
{'date': '07/01/2012', 'address': '4801 N BROADWAY'}
07/02/2012
{'date': '07/02/2012', 'address': '5800 E 58TH'}
{'date': '07/02/2012', 'address': '5645 N RAVENSWOOD'}
{'date': '07/02/2012', 'address': '1060 W ADDISON'}
07/03/2012
{'date': '07/03/2012', 'address': '2122 N CLARK'}
07/04/2012
{'date': '07/04/2012', 'address': '5148 N CLARK'}
{'date': '07/04/2012', 'address': '1039 W GRANVILLE'}