Ask your broker about terrific grants available! The property is eligible for up to $15,000 in assistance and a home warranty. Welcome to this well-maintained two-unit brick building offering expansive layouts, soaring ceilings, and three spacious bedrooms with one full bathroom in each unit. The upper unit benefits from an oversized layout, with particularly generous bedroom sizes created by the extended stairwell, while both units offer excellent functionality and comfort. The lower unit has previously operated as a successful short-term rental, generating approximately $24,000 annually while being utilized only half of the year. Recent improvements by the current owners include the addition of in-unit laundry in both residences and a fully cleared basement, providing a strong foundation for a potential future garden unit. Both units feature re-stained hardwood floors, with kitchens and bathrooms in superb condition and move-in ready. The property is well suited for an owner-occupant seeking rental income or as a full investment opportunity. The area is poised for continued appreciation, supported by significant nearby development, including multi-billion-dollar investments such as the Obama Presidential Library in adjacent Woodlawn. Previous buyer got cold feet prior to inspection.
Listed By
Agency Name: Baird & Warner
Agency Phone: 773-326-6500
Shown By
Agent Name: Dawn Karns
Agent Phone: (815) 494-6507
Agency Title: Gambino Realtors
Estimated Payment
$ 2,207.13 per month $1,473.98 Principal & Interest $638.50 Property Tax $94.65 Homeowner's Insurance
5632 S Wabash Avenue | MLS# 12613875
This multi-family property located at 5632 S Wabash Avenue, Chicago, IL 60637 is currently listed for sale with an asking price of $324,500. S Wabash Avenue is located within the District 299 school district. Search Chicago real estate on dkarns.gogambino.com today.