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About This Home

This 8-bedroom, 6-bathroom residential multi family at 5419 S Wabash Avenue in Chicago, IL is listed for $699,900. Built in 1908, on a N/A lot.

Agent Description

Own a timeless piece of Washington Park with this exceptional jumbo 3-unit Graystone, ideally located just minutes from the University of Chicago and the highly anticipated Obama Presidential Center. This beautifully renovated 8-bedroom, 6-bath multi-family property was fully rehabbed in 2023, blending classic architectural charm with modern updates and strong income potential.

Each expansive unit is thoughtfully designed with its own HVAC system, electric, and water heater, offering both comfort and efficiency. Updated kitchens feature stainless steel appliances including stove, refrigerator, microwave, and dishwasher, along with the convenience of in-unit washer and dryer.

Contemporary finishes throughout, including private master bathrooms in every unit, elevate the living experience. Unit 1 will be delivered vacant, presenting an excellent opportunity for an owner-occupant to reduce their mortgage with rental income. Projected annual rents of $62,000 make this a compelling investment for both seasoned and first-time investors alike.

Additional highlights include rear off-street parking and eligibility for FHA financing, additional cost savings for owner occupants with reduced taxes. A rare, turnkey opportunity in one of Chicago's fastest-growing communities-ideal for owner-occupants, house hackers, or savvy investors looking to secure long-term value.

Key Features

  • Built in 1908
  • 3 parking spaces

Property Details

6 full
3 spaces
1908

Monthly Cost Estimate

$3,743/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

5419 S Wabash Avenue

Chicago, IL 60615

Property Details

Construction

Aluminum Siding Brick Concrete

Parking

AlleyOff AlleyOwnedOff Street

Heating

Natural GasForced Air

Questions & Answers

This 8-bedroom, 6-bathroom residential multi family at 5419 S Wabash Avenue is listed at $699,900. The estimated monthly payment is $3,033 based on 20% down at 6.5% interest.

Key features include: Built in 1908, 3 parking spaces.

This property is listed by Nikia Evans and can be reached at (708) 798-1111 or soldbynikia@kw.com.

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Nikia Evans

Agent at Keller Williams Preferred Rlty

(708) 798-1111

Listed by Keller Williams Preferred Rlty

MLS# 12605934· Source: listhub· Updated 10 days ago

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5419 S Wabash Avenue, Chicago, IL 60615

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