5647 Wabash Avenue, Washington Park, Chicago, Illinois 60637

Description

The last buyer's financing fell through, and the appraisal came back at 340,000-making this a great opportunity to get in with equity! Don't miss this fantastic opportunity to own a well-maintained, income-generating 2-flat in the heart of Washington Park-a neighborhood full of growth and potential. Whether you're an investor seeking reliable rental income or a homeowner looking to maximize financial flexibility, this property has everything you need. The first unit features 2 bedrooms and 1 bathroom, while the second unit offers 2 bedrooms and 1.5 bathrooms. The partially finished basement is packed with possibilities-it could become an additional dwelling unit (ADU) for extra rental income, a recreation space, an in-law suite, or even a home office. The property is move-in ready and has been meticulously cared for, yet there's still room to add your personal touches and build even more value. Washington Park is a neighborhood on the rise, with exciting developments making it one of the most promising areas in Chicago. Both UChicago Medicine's cutting-edge clinical lab facility and the upcoming Malcolm X College Learning Center are conveniently located near the Garfield Green Line station, bringing modern healthcare services, job opportunities, and innovative training programs to the community. The University of Chicago is collaborating with local leaders to enhance housing, infrastructure, and public spaces, further increasing the area's appeal. Additionally, the property is just 10 minutes from the highly anticipated Obama Presidential Center, set to be completed in 2026, which will serve as a major cultural and educational landmark. With these transformative projects nearby and unparalleled proximity to the Green Line, residents can enjoy exceptional convenience in this thriving neighborhood. The location couldn't be better-just steps from the Garfield Green Line station for easy commuting and minutes from Washington Park, one of Chicago's largest and most iconic green spaces. You'll also find yourself close to the University of Chicago and Hyde Park's vibrant restaurants, shops, and cultural landmarks, adding to the appeal for potential renters or homeowners alike. This property isn't just a home; it's a smart investment in a community brimming with opportunity. With major developments underway and more to come, Washington Park is poised for significant appreciation. The basement's potential for an ADU makes this an even more lucrative prospect, whether you're looking to generate additional rental income or create a flexible living space. Additional highlights include easy access to major highways and proximity to local schools, making this property ideal for families or renters seeking convenience and a vibrant neighborhood. Imagine the benefits of a fully utilized ADU or owning property in a neighborhood transforming into a hub of innovation, education, and culture. Opportunities like this don't come around often. If you've been waiting for the perfect property in an up-and-coming neighborhood with strong growth potential, this is your moment. Schedule your showing today and secure your place in Washington Park's bright future!

Property Specifics

Property History