5824 S Wabash Avenue
Chicago, IL 60637

Status: Sold
Multi Family
12 beds
0 baths
0 sq.ft
Listing Price: $374,995
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About this home

This 3-unit property includes 12 beds and 3 full baths. Each unit features 4 spacious bedrooms, 1 full bath, large living rooms, and a large window exposure ensuring an abundance of natural sunlight. Although the interior requires repairs, envision the lucrative rewards of renovating and building equity. Similar homes in area are selling around $700, 000+ w/ rentals in the area going for $2, 000+. This is your chance to capitalize on great passive cash flow by renting out all three units. The strategic location on historic Wabash Ave, mere blocks from Washington Park, close to Dan Ryan and the Red line, makes this an irresistible investment. Backyard is offering ample space for outdoor entertainment, gardening, and the potential for additional construction.

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1890
Exterior Building Type Brick
Parking None
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Washington Park
Corporate Limits Chicago
Directions Southwest corner of 58th Street & Wabash
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Oak Lawn Comm High School
High Sch Dist 229
Water Lake Michigan
Jr High/Middle Dist 299
Township Hyde Park
Interior Features
Basement Description Finished
Basement Bathrooms No
Basement Full
Bedrooms Count 12
Bedrooms Possible 12
Baths Count 3
Full Baths in Building Count 3
Total Rooms 21
Units
unit 1
Beds Total 4
Baths Total 1
Appliances And Features None
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 7
Security Deposit N/A
Tenant Pays None
Floor Number 1
unit 2
Beds Total 4
Baths Total 1
Appliances And Features None
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 7
Security Deposit N/A
Tenant Pays None
Floor Number 2
unit 3
Beds Total 4
Baths Total 1
Appliances And Features None
Full Baths Total 1
Lease Expiration Date N/A
Rooms Total 7
Security Deposit N/A
Tenant Pays None
Floor Number 3
Property / Lot Details
Lot Dimensions 4,347
Lot Size .25-.49 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing FHA 203K
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 20151190270000
Special Assessments N
Taxes $4,333
Tax Year 2022
$374,995 Listing Price:
MLS # 11994154
Investment Profile Residential Income
Listing Market Time 150 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking None
List Date 03/04/2024
Year Built 1890
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