5331 Wabash Avenue, Washington Park, Chicago, Illinois 60615
$400,000
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For Sale
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| Status: | Active |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1926 |
| Property Taxes: | $5,927 |
| Days On Market: | 19 |
| Lot Size: | 0,00 |
Description
Washington Park 4-Unit | Value-Add Opportunity Near the Obama Presidential Center Bring your vision and your toolbox. This 4-unit multifamily property in Chicago's Washington Park neighborhood offers a rare chance to buy into one of the South Side's most closely watched areas at a basis that leaves room for real upside. The Location Minutes away from the Obama Presidential Center, the property sits in the path of major public and private investment. With the Center's campus in nearby Jackson Park, plus ongoing activity around Washington Park itself, the area continues to draw new attention from residents, employers, and investors. You're also close to the CTA Green Line, the Dan Ryan (I-90/94), the University of Chicago, and the Museum of Science and Industry, with easy access to Hyde Park, Bronzeville, and the Loop. The Property Four residential units in a classic Chicago masonry-style building Solid bones with a layout that suits a mix of unit types Separate utilities potential, so owners can reduce common-area costs Rear yard and on-street parking available The Opportunity This property needs work, and that's the point. Whether you're a rehabber, an owner-occupant looking to live in one unit and rent the others, or a long-term hold investor, there's meaningful room to add value through renovation, improved rents, and better operations. Buyers should plan for updates to interiors, mechanicals, and finishes, and should perform their own inspections and due diligence. Why It's Worth a Look Multifamily inventory in this corridor is limited Neighborhood momentum tied to the Obama Center and surrounding development Strong rental demand from students, hospital and university staff, and long-term residents Potential for owner-occupant financing options. Sold as-is. Cash and renovation-loan buyers welcome. Schedule your showing today
Property Specifics
| Multi-unit | |
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| 1926 | |
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| No | |
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| Cook | |
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| — / — | |
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| 12772599 | |
| 20103090120000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 28 Sep, 2026 | Listed for sale | $400,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Rooms: —
Basement Description: —
Other Specifics
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| 160x25 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2026 | $5,927 |
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Listing Provided By
eXp Realty
