5824 S Wabash Avenue Active Save Request In-Person Tour Request Virtual Tour
Chicago,IL 60637
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
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