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Washington Park Multifamily Homes & Duplexes for Sale

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  • /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
  • /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.

    Agent Photo

    O'Neia Washington

    O W Auction Group LLC

    (312) 626-8858

    5942 S Calumet Ave, Chicago, IL 60637
  • /31

    $689,000

    • 11 Beds
    • 5 Baths

    5943 S Indiana Ave, Chicago, IL 60637

    ENORMOUS PRICE REDUCTION !! 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!!! Hardwood floors THROUGHOUT each unit. First floor

    Agent Photo

    John Wright

    Keller Williams Premiere Properties

    (312) 997-5039

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

    $430,000 Pre-Foreclosure

    • 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

    $720,000

    • 9 Beds
    • 3 Baths

    5169 S Michigan Ave, Chicago, IL 60615

    Seller offering 10,000 in credits towards the buyer's closing cost with a list price offer! 5169 S Michigan Ave is a well-maintained 3-unit rehabbed building in vibrant Washington Park. Each of the three spacious units have been updated with modern kitchens featuring quartz countertops and stainless steel appliances, plus larger back decks perfect for everyday use or entertaining.

    Phillip Dixon Compass

    5169 S Michigan Ave, Chicago, IL 60615
  • /38

    $630,000

    • 8,028 Sq Ft

    5704 S Indiana Ave, Chicago, IL 60637

    Discover this well-maintained seven-unit brick apartment building in the heart of Chicago's rapidly growing Washington Park neighborhood. Six of the units feature spacious three-bedroom layouts, while the charming garden apartment offers two bedrooms, catering to a variety of tenants. Inside, you'll find beautiful original woodwork, detailed millwork, and classic moldings that highlight the

    Kimberly Wirtz Wirtz Real Estate Group Inc.

    5704 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 Fulton Grace Realty

    5201 S Wabash Ave, Chicago, IL 60615
  • /2

    $340,000

    • 3 Beds
    • 3 Baths
    • 2,000 Sq Ft

    5741 S Michigan Ave Unit 1N, Chicago, IL 60637

    LARGEST UNIT in the building! Lots of space for a FAMILY! MUST SEE!!! OWNER OCCUPIED.......... DO NOT DISTURB WITHOUT A SHOWING APPOINTMENT!!!

    Jomont Dotton Rice Property Management & Realty L.L.C.

    5741 S Michigan Ave Unit 1N, Chicago, IL 60637
  • /84

    $855,000

    • 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 Fulton Grace Realty

    6328 S Evans Ave, Chicago, IL 60637
  • /15

    $600,000

    • 11 Beds
    • 4 Baths

    5225 S Indiana Ave, Chicago, IL 60615

    Experience vintage charm and investment promise at 5225 S Indiana Ave - a stately, 19th-century masonry walk-up thoughtfully tucked into Chicago's dynamic Washington Park/Hyde Park corridor. Spread across three stories, this three-unit structure offers a generous eleven-bedroom, four-bathroom footprint ideal for rental income or renovation. Endowed with historic character and modern upside, the

    James Gurick Baird & Warner

    5225 S Indiana Ave, Chicago, IL 60615
  • /60

    $799,999

    • 12 Beds
    • 5 Baths

    5330 S Wabash Ave, Chicago, IL 60615

    ((MUST SEE LEGAL (((3))) UNIT MULTI-FAMILY WITH A CAP RATE OF 8.4)) Come take a look at this absolutely stunning Washington Park/Bronzeville ((LEGAL 3 unit)). These units are absolutely massive with roughly 2,000+ sqft per unit with 11 ft ceilings and great layouts throughout the entire property.. The Top floor unit is a 4 bed 2 bath with an Entire Laundry room and everything in that unit is just

    David Mishel Compass

    5330 S Wabash Ave, Chicago, IL 60615
  • /22

    $1,350,000

    • 16 Beds
    • 8 Baths

    5127 S Indiana Ave, Chicago, IL 60615

    This exceptional 4-unit generates $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 throughout.

    seviiri bunjo Chicagoland Brokers, Inc.

    5127 S Indiana Ave, Chicago, IL 60615
  • /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

    $605,000

    • 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
  • /67

    $1,100,000

    • 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

    $590,000

    • 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
  • /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
  • /14

    $560,000 Pre-Foreclosure

    • 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
  • /31

    $330,000

    • 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
$204,500
Median Single Family Sale Price
$268,750
Median Townhouse Sale Price
$184,900
Median 2 Bedroom Sale Price
$160,000
Median 1 Bedroom Sale Price
$85,000
Average Price Per Sq Ft
$142
Number of Homes for Sale
22
Last 12 months Home Sales
30
Months of Supply
8.80
Median List Price
$207,500
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
1%
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