$699,900

5419 S Wabash Avenue, Chicago, IL 60615

8 beds |
6 baths

Multi-Family Home
Built in 1908
—— sqft lot
—— car garage
$——/sqft
Listed 2 days ago

Property 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.

Listing Status:: Active
Data Last Updated:: April 2, 2026 at 10:22PM
Listing Office:: Keller Williams Preferred Rlty : 708-249-3393
Listing Agent:: Nikia Evans : 773-956-1157
MLS ID:: 12605934

Basement: FinishedExterior EntryEgress WindowFull
Heating: Natural GasForced Air

Parking: Off AlleyOff StreetAlley AccessYesOwnedParking spaces: 3

Roofing: AsphaltFlat
General: Concrete Perimeter

HOA Amenities: CurbsSidewalksStreet LightsStreet Paved
Originating MLS: mred
School District: 299
County: Cook

Zoning: MULTI20103090270000
Fencing: Fenced

Water: Lake MichiganPublic
Sewer: Public Sewer

Source: mred
Ownership: Fee Simple

This listing courtesy of Nikia Evans , Keller Williams Preferred Rlty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Beasley Elementary Magnet Academic Center

5255 S State St, Chicago, IL, 60609

Grades PK-8

0.23 miles away

Beasley Elementary Magnet Academic Center

5255 S State St, Chicago, IL, 60609

Grades PK-8

0.23 miles away

Bronzeville Scholastic High School

4934 S Wabash Ave, Chicago, IL, 60615

Grades 9-12

0.59 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.