5824 S Wabash Avenue

Property Description

This 3-unit property includes 12 beds and 3 full baths. Each unit features 4 spacious bedrooms, 1 full bath, large living rooms, and a large window exposure ensuring an abundance of natural sunlight. Although the interior requires repairs, envision the lucrative rewards of renovating and building equity. Similar homes in area are selling around $700,000+ w/ rentals in the area going for $2,000+. This is your chance to capitalize on great passive cash flow by renting out all three units. The strategic location on historic Wabash Ave, mere blocks from Washington Park, close to Dan Ryan and the Red line, makes this an irresistible investment. Backyard is offering ample space for outdoor entertainment, gardening, and the potential for additional construction.

Overview

Property Status

Sold

Date Sold

August 1, 2024

MLS ID

11994154

Property Type

Multi-Family

Year Built

1890

Are you interested?

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Newell Broadway

(815) 325-2866 [email protected]

Features & Amenities

Neighborhood

Chicago

Water Source

Lake Michigan

Heat Type

Natural Gas

High School

Oak Lawn Comm High School

School District

229

Sales Price

$375,000

Real Estate Tax

$4,333/yr

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We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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5824 S Wabash Avenue

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5824 S Wabash Avenue

CallNewell Broadway

License #475.191685

(815) 325-2866
[email protected]

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