NEW! Buy and sell safely with virtual options - Learn More
About the Listing 87488 - 1006863
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
Listing Highlights for 5331 S Wabash Ave
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Basement: Unfinished,Partial
- Other:
- Water: Lake Michigan,Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 160x25
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $5,927
- Taxes w/Assessments: N/A
- Tax/Property ID: 20103090120000
- Tax Year: 2023
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
5331 S Wabash Ave Chicago, IL 60615
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
