25

Washington Park Multifamily Homes & Duplexes for Sale

Section Image Section Image
  • /2

    $549,900

    5612 S King Dr, Chicago, IL 60637

    9+ Cap Rate in Woodlawn Neighborhood across the street from Washington Park and the Park District! Multi Unit building owned by sellers for almost 70 years. Invest in your future! Real estate!

    Agent Photo

    Kimberly Chase-Harding

    Berkshire Hathaway HomeServices Chicago

    (312) 820-9459

    5612 S King Dr, Chicago, IL 60637
  • /31

    $769,000

    • 12 Beds
    • 6 Baths

    5943 S Indiana Ave, Chicago, IL 60637

    Timeless Greystone 3 flat building is now available for you in RED HOT Washington Park neighborhood of Chicago. As the owner, you have the flexibility of living in the top floor unit while collecting stable market rents from the tenants on first and second floor, or rent the top floor unit and max out your income!!! Each unit is 4BR and 2 bathrooms!! Hardwood floors THROUGHOUT each unit. First

    Agent Photo

    John Wright

    Keller Williams Premiere Properties

    (312) 997-5039

    5943 S Indiana Ave, Chicago, IL 60637
  • /15

    $430,000

    • 8 Beds
    • 4 Baths

    5729 S Michigan Ave, Chicago, IL 60637

    Maintained large exterior brick 3 flat in Washington Park Area, on a uniform block with original interior with lots of potential waiting for the right investor looking for value and appreciation. Each unit has large living rooms, dining rooms, large bedrooms with original hardwood floors throughout. 2nd and 3rd floors have seen minor renovations while leaving much of the original architectural

    Carleen Lewis eXp Realty

    5729 S Michigan Ave, Chicago, IL 60637
  • /49

    $399,000

    6049 S Champlain Ave, Chicago, IL 60637

    Turnkey SRO Investment Opportunity in Charming Greystone! Discover a long-established Single Room Occupancy (SRO) greystone property, thoughtfully managed by the current owner. Featuring 8 rooms across what appears to be a 2-unit structure with a finished basement, it has served senior tenants with distinction for years. Why this property stands out: High demand: SROs offer affordable

    David Thomas Blue Door Dave Inc

    6049 S Champlain Ave, Chicago, IL 60637
  • /55

    $625,000

    • 12 Beds
    • 6 Baths

    6139 S King Dr, Chicago, IL 60637

    Welcome to 6139 S King Dr, a well-maintained and recently updated 3-unit building located in the vibrant and growing Woodlawn neighborhood. This solid property features new appliances throughout, with recent maintenance and improvements that make it ideal for both investors and owner-occupants. The garden unit has been completely remodeled and now includes brand-new appliances and furnace,

    Fernando Rocha Jr. RE/MAX LOYALTY

    6139 S King Dr, Chicago, IL 60637
  • /84

    $859,000

    • 9 Beds
    • 6 Baths

    6328 S Evans Ave, Chicago, IL 60637

    Recent New Construction 3-unit in Booming Woodlawn. Set alongside multiple other New Construction Developments, this is the largest building, set on an extra-wide 36 ft lot. Contemporary & Modern design with the perfect blend of city living and convenience, close to the Green Line, the University of Chicago and Obama Library. Each unit has a spacious, open-concept layout and condo quality

    Lawrence Dunning Main Street Real Estate Group

    6328 S Evans Ave, Chicago, IL 60637
  • /23

    $575,000

    • 7 Beds
    • 2 Baths

    6111 S Eberhart Ave, Chicago, IL 60637

    Woodlawn is one of Chicago's hottest neighborhoods, and it is only going to get hotter as The Obama Presidential Library gets slated for completion in 2026! This all brick, legal 2-unit building is very well-maintained and it is in an excellent location! This property has two solid strategies. First, you can live in one unit and rent out the other unit; and, in the future, you can even create

    Peter Drossos Peter Drossos Real Estate

    6111 S Eberhart Ave, Chicago, IL 60637
  • /25

    $599,900

    • 12 Beds
    • 4 Baths

    5942 S Calumet Ave, Chicago, IL 60637

    Great Investment Opportunity For Owner Occupant with the potential to live rent free Or Investor looking for a great return on their investment. Fully occupied 3 unit Greystone. Each unit has 4 beds 1 bath and separate utilities. NEW Electrical throughout the building. Water tanks were recently updated for each unit. New Intercom system has been added to the building for your convenience.

    O'Neia Washington O W Auction Group LLC

    5942 S Calumet Ave, Chicago, IL 60637
  • /15

    $169,000

    • 4 Beds
    • 2 Baths

    5938 S La Salle St, Chicago, IL 60621

    SOLD AS IS - ATTENTION INVESTORS!!! Welcome to 5938 S La Salle St, a fantastic investment property with great potential. This is a prime opportunity to add to your portfolio. This solid 2-unit building features 2 bedrooms and 1 bathroom per unit, with the potential to convert both units into 3-bedroom layouts to increase rental value. After updating this property can generate strong returns and

    Melanie Miller Keller Williams ONEChicago

    5938 S La Salle St, Chicago, IL 60621
  • /8

    $465,000

    • 7 Beds
    • 3 Baths

    5919 S Indiana Ave, Chicago, IL 60637

    Ready to cash flow or house hack? This 2 flat in Washington Park is the property you've been looking for. First floor features a duplex down with 3 beds, 2 baths. top floor features 2 beds 1 bath. Both units have electric fireplaces, granite countertops, and in-unit laundry. Must see before its gone.

    Mauricio Lopez eXp Realty

    5919 S Indiana Ave, Chicago, IL 60637
  • /11

    $925,000

    • 9,450 Sq Ft

    5849 S Michigan Ave, Chicago, IL 60637

    Prime opportunity for investors looking for both immediate cash flow and long-term upside. This well-maintained 8-unit building includes six spacious 3 bed / 1 bath units with hardwood floors, decorative fireplaces, large windows, and private decks, offering plenty of character and natural light throughout. Two garden units round out the mix: one 2 bed / 1 bath, and one 1 bed + office / 1 bath,

    James Mattz Keller Williams Preferred Rlty

    5849 S Michigan Ave, Chicago, IL 60637
  • /14

    $560,000

    • 9 Beds
    • 3 Baths

    6141 S Eberhart Ave, Chicago, IL 60637

    Fully Renovated 3-Unit Property in Woodlawn - Steps from New Development. Don't miss this opportunity to own a recently rehabbed 3-unit building in the heart of Woodlawn, just above 63rd Street. Located on a quiet, residential block surrounded by ongoing development and investment, including the transformative Obama Presidential Center nearby. Each unit was fully renovated in 2023, featuring

    Tamara Verdin Prello Realty

    6141 S Eberhart Ave, Chicago, IL 60637
  • /26

    $655,000

    • 9 Beds
    • 6 Baths

    5905 S Indiana Ave, Chicago, IL 60637

    Incredible Investment Opportunity - Fully Updated 3-Flat with Immediate Cash Flow Potential! Welcome to this exceptional brick 3-flat, a rare find offering both modern updates and strong rental income potential. Two of the three spacious units are already leased to long-term tenants, making this a turnkey investment for the savvy buyer-or an owner-occupant looking to live in one unit while

    Randi Quigley eXp Realty

    5905 S Indiana Ave, Chicago, IL 60637
  • /23

    $999,000

    • 9 Beds
    • 6 Baths

    5201 S Wabash Ave, Chicago, IL 60615

    Recent New Construction in Booming Washington Park. Massive upside with tenants that are far beyond market rents. Large 3-bedroom 2-bath units, set on mammoth 161 deep lot. Fully Appointed Kitchen Cabinetry, Integrated Appliances, Quartz Island Custom Back splash, Engineered Hardwood floors, Curated Gallery of Cohesive Design offering relief from ordinary, sequestered primary suite, lifestyles

    Lawrence Dunning Main Street Real Estate Group

    5201 S Wabash Ave, Chicago, IL 60615
  • /74

    $1,149,000

    • 12 Beds
    • 8 Baths

    5644 S Prairie Ave, Chicago, IL 60637

    4-unit, 2007 construction, perfect OWNER-OCCUPANT investment opportunity in appreciating east Washington Park! Unit 2 has been rehabbed to feature modern improvements to be compared to other new construction in the area. All four units are 3-bed / 2-bath and have in-unit laundry hook-ups, hardwood and tile throughout, modern appliances, gas-forced-heat / central air, in-unit hot water tanks,

    Gene Hart 33 Realty

    5644 S Prairie Ave, Chicago, IL 60637
  • /78

    $1,174,000

    • 12 Beds
    • 8 Baths

    5331 S Calumet Ave, Chicago, IL 60615

    Fantastic four-unit, 2007 construction, owner-occupant investment opportunity in appreciating east Washington Park! Unit 4 has been rehabbed to feature modern improvements to be comparable to other new construction (in the area. All four units are 3-bed / 2-bath and three units have in-unit laundry hook-ups. All units have hardwood and tile throughout, modern appliances, gas-forced-heat / central

    Gene Hart 33 Realty

    5331 S Calumet Ave, Chicago, IL 60615
  • /24

    $660,000

    • 9 Beds
    • 6 Baths

    6148 S Eberhart Ave, Chicago, IL 60637

    Recently Rehabbed in 2024 3 unit in Woodlawn. All units are 3 bed 2 bath with a master bedroom. All plumbing, electrical and mechanical is brand new and done to code and plan. Property Does have a violation. Owner is willing to help give closing cost concessions to help with some costs. Property is in excellent condition and is ready for move in. Live in one unit and rent the rest or rent the

    Tamara Verdin Prello Realty

    6148 S Eberhart Ave, Chicago, IL 60637
  • /23

    $1,395,000

    • 16 Beds
    • 8 Baths

    5127 S Indiana Ave, Chicago, IL 60615

    This exceptional 4-unit building can generate $125,000 in rental income! Spanning 8,000 sq. ft., this newly gut-rehabbed property offers modern luxury in every unit. Each space is designed with custom cabinets, stainless steel appliances, huge bedrooms, and all units feature master suites. Built with all proper permits, this building showcases quality craftsmanship and thoughtful finishes

    seviiri bunjo Chicagoland Brokers, Inc.

    5127 S Indiana Ave, Chicago, IL 60615
  • /12

    $980,000

    • 14,841 Sq Ft

    5410 S Indiana Ave, Chicago, IL 60615

    Nestled in the heart of Chicago's rapidly growing Washington Park neighborhood, this fully occupied, six-unit building offers a blend of stable cash flow and exceptional future potential. Located near the University of Chicago and the expansive Washington Park, this property is positioned to benefit from the area's ongoing development, including the future Obama Presidential Center. With property

    Paul Frischer Berkshire Hathaway HomeServices Chicago

    5410 S Indiana Ave, Chicago, IL 60615
  • /37

    $799,900

    • 9 Beds
    • 6 Baths

    6126 S Eberhart Ave, Chicago, IL 60637

    New Construction 3-unit in Booming Woodlawn, north of 63rd St. Contemporary & Modern design with the perfect blend of city living and convenience, close to the Green Line just a short walk away and the University of Chicago and Obama Library. Each unit has an open-concept layout and quality features, such as 42" cabinets, stainless steel appliances, built-out closets, in-unit laundry, and a built

    Lawrence Dunning Main Street Real Estate Group

    6126 S Eberhart Ave, Chicago, IL 60637
  • /16

    $1,150,000

    6205 S Michigan Ave, Chicago, IL 60637

    Completely renovated Mid-Century apartment building featuring a robust mix of 1,2 & 3 bedroom units. Fully occupied with 2/3rd subsidized and 1/3rd non-subsidized residents. Renovation included: Copper plumbing, new roof, new electrical service, state-of-the-art heating system, masonry, concrete walkways, fully renovated apartments, laundry room, etc. A turnkey investment opportunity with

    Rob Thompson Realty Asset Advisors LLC

    6205 S Michigan Ave, Chicago, IL 60637
  • /14

    $1,250,000

    • 12 Beds
    • 8 Baths

    5852 S Prairie Ave, Chicago, IL 60637

    A Rare 4-Unit Investment Opportunity in Washington Park! Discover this gem, located just five minutes from the prestigious University of Chicago and Booth School of Business. Whether you're looking to expand your portfolio or find a beautiful place to call home, this property offers incredible value. Each spacious unit features three bedrooms, two bathrooms, and a perfect blend of modern

    Roberto Montaño Engel & Voelkers Chicago

    5852 S Prairie Ave, Chicago, IL 60637
  • /8

    $450,000

    • 7 Beds
    • 2 Baths

    6156 S Indiana Ave, Chicago, IL 60637

    COME AND CHECK OUT THIS SPACIOUS AND BEAUTIFUL REHABBED 2 UNIT SOLID BRICK BUILDING. THIS PROPERTY BOASTS OF A PRIVATE FENCE. DETACHED 2 CAR GARAGE. REFURBISHED AND SHINY HARDWOOD FLOORS AND A FULL UNFINISHED BASEMENT WITH LAUNDRY AREA. STAY IN ONE UNIT AND RENT OUT THE SECOND UNIT TO GENERATE RESIDUAL INCOME OR ASSIST IN MORTGAGE PAYMENTS.

    Babajide Okechukwu Century 21 Universal

    6156 S Indiana Ave, Chicago, IL 60637
  • /13

    $410,000

    • 10 Beds
    • 4 Baths

    417 E 60th St, Chicago, IL 60637

    LOCATION, LOCATION, LOCATION! A HALF MILE FROM THE UNIVERSITY OF CHICAGO MEDICAL AND UNIVERSITY CAMPUS 1 MILE FROM THE OBAMA LIBRARY JUST WALK UP 60TH STREET AND YOU ARRIVE AT THE LIBRARY WALK A LITTLE FURTHER EAST AND YOUR AT THE MUSEUM OF SCIENCE AND INDUSTRY AND JUST BEYOND THAT THE LAKE FRONT AND BEACH! A 15 MINUTE DRIVE TO DOWNTOWN CHICAGO! THIS IS UNIQUE OPPORTUNITY FOR 203K REHAB LOAN LIVE

    Shiree Booker Realty One Group Heartland

    417 E 60th St, Chicago, IL 60637
  • /31

    $350,000

    • 6 Beds
    • 2 Baths

    5906 S La Salle St, Chicago, IL 60621

    Nicely updated spacious 2 flat. 3 bedrooms in each apartment. Nice open floor plan with good-sized rooms. Modern recessed lighting, newer kitchens. Sitting on a double lot conveniently located right off the Dan Ryan Expressway.

    Bruce Stafford Infiniti Properties, Inc.

    5906 S La Salle St, Chicago, IL 60621

Why Live in Washington Park

Washington Park in Chicago is a vibrant neighborhood that offers a mix of historic charm and modern amenities. The area is known for its bustling activity, with multiple rush hours reflecting the dynamic flow of students and professionals. Housing options range from new condos along Michigan Avenue to classic Chicago greystones and older mansions on Martin Luther King Jr. Memorial Drive. The neighborhood's deep history is evident in its architecture, with many homes undergoing renovation or awaiting restoration. Washington Park is also home to the expansive 350-acre namesake park, featuring gyms, a photo lab, dance studio, lagoon, arboretum, and athletic facilities, as well as the historic Fountain of Time sculpture. For dining, the Park Supper Club offers a lounge atmosphere with regular musical events, while the Currency Exchange Café, annexed to the Retreat gallery, exemplifies the innovative spirit of the area. The Arts Block along Garfield Avenue is a hub for creative and music venues, anchored by the Arts Incubator. The neighborhood also boasts the DuSable Black History Museum, one of the largest museums dedicated to African American art, hosting events like jazz concerts and art fairs. Transportation is convenient with multiple Green Line stops and proximity to the Dan Ryan Expressway. The Garfield Avenue Green Line station, renovated in 2019, retains much of its original structure and houses the L1 Creative Business Accelerator. Annual events such as the Bud Billiken Parade and Ashaki Black History Month festivities highlight the community's rich cultural heritage. Washington Park provides a true city experience with a blend of historical significance and contemporary development.

Home Trends in Washington Park, IL

Housing Trends

Median Sale Price
$212,000
Median Single Family Sale Price
$165,000
Median Townhouse Sale Price
$307,450
Median 2 Bedroom Sale Price
$154,000
Median 1 Bedroom Sale Price
$85,000
Average Price Per Sq Ft
$132
Number of Homes for Sale
21
Last 12 months Home Sales
39
Months of Supply
6.50
Median List Price
$199,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
16%
How to Buy a Home How to Finance a Home How to Sell a Home