5331 S Wabash Avenue Chicago, IL $ 400,000
5331 S Wabash Avenue
$ 400,000
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5331 S Wabash Avenue

Chicago, IL, 60615
$ 400,000
Bedrooms8 Baths4.0

Monthly Estimate*

$ 2,763

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Multi-Family Home for sale in Chicago, IL

for $400,000 with 8 bedrooms and 4 full baths. This home was built in 1926.

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

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Multi-Family Active

Price

$ 400,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,927

Style

Year Built

1926

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12772599

Features
General
Sewer Public Sewer
Heating Natural Gas
Possession Negotiable
Construction Materials Brick
Year Built 1926
Township Hyde Park
Tax Year 2023
Ownership Fee Simple
County Cook
New Construction N
Property Type Residential Income Two to Four Units
Total Rooms 15
Status Active
Directions South of East 53rd Street East side of South Wabash Ave
City Chicago
High School District 299
MLS Area CHI - Washington Park
Tax Annual Amount 5927
Standard Status Active
Middle/Junior School District 299
Elementary School District 299
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Interior
Basement Unfinished None Partial
Total Bedrooms 8
Total Baths 4
Bedrooms Possible 8
Full Baths Building 4
Half Baths Building 0
Total Number of Units 4
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Exterior
Water Source Lake Michigan Public
Total Parking 0
Lot Dimensions 160x25
Waterfront Y/N N
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* Excluded Features
List By
Exp Realty

Broker

oscar.estrada@exprealty.com

Email

Affordability Calculator

$3,257
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,763
Monthly Property Taxes
$494
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
566059 Elementary School
566846 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2026$400,000 Listed Price

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5331 S Wabash Avenue, Chicago, IL, 60615 is a Multi-Family Home for sale at $400,000. 5331 S Wabash Avenue has 8 bedrooms, 4.0 baths, and was built in 1926. The property's zip code is 60615 which is in Chicago, IL