5824 S Wabash Avenue, Chicago IL 60637
$425,000

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Property Description

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. 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.

Listed by Newell Broadway for Coldwell Banker Realty | Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Features & Information

Key Details

  • List Price $425,000
  • Property Taxes $4,235
  • Price/ Sq. Ft. Unavailable
  • Year Built 1890
  • Parking Type None
  • Buyer's Agent Commission 2.25%
  • Status Contingent

Rooms

  • Total Rooms 21
  • Basement F

Exterior Features

  • Parking

  • Parking Details None
  • # of Cars:  0

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Brick
  • Heating & Cooling Gas
  • Units

  • Unit 1 None
  • Unit 2 None
  • Unit 3 None

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property Southwest Corner Of 58th Street & Wabash
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 229
  • School Name Oak Lawn Comm High School
  • Property Taxes

  • Tax 4235
  • Tax Year 2021
  • Parcel Identification Number 20151190270000

Utilities

  • Sewer Unknown

Explore Washington Park

For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.

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