5419 South Wabash, Chicago IL 60615
$715,000

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Property Description

Hot Washington Park 3-Unit Graystone! Perfectly situated 1 mile from University of Chicago and 1.5 miles from Obama Library! This stunning 8 bed / 6 bath multi-family building was fully rehabbed in 2023 and offers incredible income potential with projected rents of $62,000 annually. Unit 1 will be delivered vacant at closing-perfect for owner-occupants or investors looking to place their own tenant! Each spacious unit features separate HVAC, electric, and water heaters, along with updated kitchens equipped with stainless steel appliances (stove, refrigerator, microwave, dishwasher) plus in-unit washer and dryer. Modern finishes throughout make this a true turnkey investment. Rear off-street parking adds extra convenience. FHA welcomed! Take advantage of this rare opportunity to own a beautifully renovated Graystone in rapidly developing Washington Park! Ideal for house-hackers or savvy investors!

Features & Information

Key Details

  • List Price $715,000
  • Property Taxes $5,080
  • Price/ Sq. Ft. Unavailable
  • Year Built 1908
  • Parking Type Space/s
  • Status Active

Rooms

  • Total Rooms 18
  • Basement F

Exterior Features

  • Parking

  • Parking Details Space/s
  • # of Cars:  3

Building Information

  • Number of Units 3
  • Age of Building 100+ Years
  • Exterior Construction Aluminum Siding,Brick,Concrete
  • Foundation Concrete
  • Heating & Cooling Gas, Forced Air
  • Units

  • Unit 1 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up
  • Unit 2 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up
  • Unit 3 Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Central Air Conditioner, Laundry Hook-Up

Location

  • County Cook
  • Township Hyde Park
  • Corporate Limits Chicago
  • Directions to Property 55th St E/w To Wabash, Wabash North To Address
  • Schools

  • Elementary School District 299
  • Junior High District 299
  • High School District: 299
  • Property Taxes

  • Tax 5080.00
  • Tax Year 2023
  • Parcel Identification Number 20103090270000

Utilities

  • Sewer Sewer-Publ

Listed by: Keller Williams Preferred Rlty | Phone: 708.798.1111
Source: MRED as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 12/11/2025 6:02 PM. 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.

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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