5824 S Wabash Avenue, Chicago, IL 60637
Local realty services provided by:Better Homes and Gardens Real Estate Connections
5824 S Wabash Avenue,Chicago, IL 60637
$435,000
- 12 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: patrick teague
Office: coldwell banker realty
MLS#:12484909
Source:MLSNI
Price summary
- Price:$435,000
About this home
Unique Chicago Three Flat building located on historic Wabash Avenue, in the elevating Washington Park neighborhood. With an ARV of $700,000+ and rental comps of $2000+, this current blank canvas is ideal for an owner occupant aiming to renovate, live in one unit and rent the other two units out, covering their mortgage or an investor aiming to renovate and make a surplus of equity and instant cash flow. Nestled on a beautiful block with various renovated properties and a recently completed new build next door, this 3-unit property holds 12 bedrooms x 3 baths. Each unit features 4 spacious bedrooms, 1 full bath, large living room and kitchen areas, incredible backyard with ample amounts of space for entertainment and potential additional construction. New furnaces, copper plumbing, updated electrical service, conduit electrical, updated water service and areas of new drywall have been installed, along w/ some interior demo work. New floor plan layout renderings are included for conversion to 3 bedroom x 2 bath units (primary bed + en-suite bath) w/ in-unit laundry. Amazing opportunity to capitalize on a great passive income investment with this centrally located property blocks away from Washington Park, close to Dan Ryan and the Red line, 15 min from The Loop/Downtown, and minutes away from Hyde Park shopping/restaurants and the newly constructed Obama library. Schedule a tour today!
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Home facts
- Year built:1890
- Listing ID #:12484909
- Added:90 day(s) ago
- Updated:December 31, 2025 at 08:57 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:3
- Full bathrooms:3
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1890
Schools
- High school:Oak Lawn Comm High School
Utilities
- Water:Lake Michigan, Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$435,000
- Tax amount:$4,333 (2022)
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