IL > Chicago
Chicago, IL 60637,5824 S Wabash Avenue
Chicago, IL 60637,5824 S Wabash Avenue
Chicago, IL 60637,5824 S Wabash Avenue
Chicago, IL 60637,5824 S Wabash Avenue
Chicago, IL 60637,5824 S Wabash Avenue
Chicago, IL 60637,5824 S Wabash Avenue
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Serene Realty, Inc

Serene Realty, Inc

+1(312) 650-7940
Listed by Patrick Teagueof Coldwell Banker Realty
$ 435,000
Est. payment | /mo

12 Beds

Save
$ 435,000
Est. payment | /mo
Save

12 Beds

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12484909

Style Brownstone,Victorian

Bedrooms 12

Year Built 1890

Annual Tax Amount $4,333

Tax Year 2022

Lot Dimensions 4,347

Property Sub-Type Two to Four Units

Property Description

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!

Location

State IL

County Cook

Rooms

Basement Finished, Full

Interior

Heating Natural Gas, Forced Air

Fireplace N

Exterior

View Y/N true

Building

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick

New Construction false

Schools

High Schools Oak Lawn Comm High School

School District 299, 299, 229

Others

Ownership Fee Simple

Special Listing Condition None

Midwest Real Estate Data (MRED) VOW
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Serene Realty, Inc

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(312) 650-7940

info@serenerealtyinc.com

2600 S. Michigan Avenue, Suite 102, Chicago, IL, 60616, United States

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5824 S Wabash Avenue