5851 S Wabash Avenue, Chicago IL 60637
Property Description
Experienced Investors and builders! This all brick 2 unit building needs a re-start. Once rehabbed you can rent out the 2 units featuring 3 Bedrooms on the first floor and 5 bedrooms on the second! OR completely change the building to a massive single family home in a booming area. Easy access to the Dan Ryan expressway - 15 minutes to downtown Chicago. A short 6 minute drive to the University of Chicago and 10 minutes to the new Presidential Library. New pictures and showings to come after a professional clean out of the building. All offers will be strongly considered.
Features & Information
Key Details
- List Price $285,900
- Property Taxes $7,503
- Year Built 1890
- Status New
- List Market Time 1
Units
-
Unit 1
- Floor 1
- Rooms 5
- Beds 3
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays All
- Lease Expires 0
-
Unit 2
- Floor 2
- Rooms 7
- Beds 5
- Baths 1
- Appliances None
- Rent $0/mo
- Tenant Pays All
- Lease Expires 0
Exterior Features
-
Parking
- # of Cars: 4
Building Information
- Number of Units 2
- Age of Building 100+ Years
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property 55th Street To Wabash,south To Address
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 7502.75
- Tax Year 2025
- Tax Exemptions None
- Parcel Identification Number 20151200160000
Listed by Alisa McLaughlin for Keller Williams ONEChicago | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 9/22/2026 8:32 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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