NOT LISTED FOR SALE

5350 S Wabash Ave Chicago, IL 60615

Washington Park Neighborhood
8 Beds
3 Baths
-- Sq Ft
2,178 Sq Ft Lot

Last Sold October 13, 2021

Last sale price $425,000

5 Days on Market

Highlights

  • Brownstone
  • Corner Lot
  • Balcony
  • Property is near a park
  • Fenced Yard
  • Porch

About This Home

As of October 2021

Don't miss out on investing in your future with this multi-unit on a corner lot! With a $39,000 annual gross rental income, this lucrative investment is located in the sought after Washington Park neighborhood. It is adjacent to the future $150 million data center of Washington Park. It is an all brick property situated only a 5 minute walk from both the Garfield Blvd CTA Green line and Red line stations, and the Dan Ryan Expressway. Additionally, it's near the heart of the future "University of Chicago's Art Block Initiative." Featuring two spacious units with hardwood floors throughout, updated kitchens with granite countertops, stainless steel appliances, and updated bathrooms with ceramic tiling. The top floor unit has three bedrooms and one bathroom with a very large living room and plenty of closet space. The bottom unit is duplexed down offering two floors of living space and 5 bedrooms. The kitchen features a living/dining combo with a large island. The primary bedroom in the lower level features an ensuite bathroom. There is individually metered laundry for each unit in the basement utility room. The roof, back porch, water heaters, a/c's and downstairs furnace were all replaced in 2017. The upstairs furnace has been serviced annually. both units are already hard-wired for ADT security. There's nothing to do except move in and have your tenant cover the majority or all of your mortgage. The 5 bedroom was previously rented for $1,750. The 3 bedroom's potential rent could be $1,500+.

Last Agent to Sell the Property

Phillip Dixon

Compass License #475161022 Listed on: 08/15/2021

Compass

Co-Listed By

Kasey Taylor

Compass License #475174728

Last Buyer's Agent

Tanya Williams

EXIT Strategy Realty License #475145082

EXIT Strategy Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,655

Year Built

  • Built in 1910 | Remodeled in 2016

Lot Details

  • 2,178 Sq Ft Lot
  • Fenced Yard
  • Corner Lot
  • Paved or Partially Paved Lot

Home Design

  • Brownstone
  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Entrance Foyer

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Home Security

  • Home Security System
  • Carbon Monoxide Detectors

Outdoor Features

  • Balcony
  • Porch

Location

  • Property is near a park

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Multiple Water Heaters
  • Cable TV Available

Community Details

  • 2 Units
  • Gross Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,655

Year Built

Built in 1910 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Brownstone
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2016
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Other Equipment: Security System, CO Detectors, Ceiling Fan(s), Multiple Water Heaters
  • Room Type: Foyer
  • Basement Description: Finished,Walk-Up Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 3
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Microwave,Central Air Conditioner,Hardwood Floors

Exterior Features

  • ExteriorFeatures: Balcony, Porch, Cable Access
  • Foundation Details: Concrete Perimeter
  • List Price: 425000
  • Lot Features: Corner Lot, Fenced Yard
  • OtherStructures: None
  • Roof: Tar and Gravel
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.05
  • Lot Dimensions: 2553 SQ. FT.
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: No

Multi Family

  • GrossIncome: 39000
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 2654.86
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $425,000 0.0% --
08/21/2021 08/21/21 Pending -- -- --
08/15/2021 08/15/21 For Sale $425,000 0.0% --
01/29/2018 01/29/18 Rented $1,850 +5.7% --
12/04/2017 12/04/17 For Rent $1,750 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Phillip Dixon

    Seller's Agent in 2021

    Phillip Dixon

    Compass

    (312) 879-9293

    4 in this area

    47 Total Sales

    Section Image
  • Kasey Taylor

    Seller Co-Listing Agent in 2021

    Kasey Taylor

    Compass

    (708) 543-4656

    2 in this area

    19 Total Sales

    Section Image
  • Tanya Williams

    Buyer's Agent in 2021

    Tanya Williams

    EXIT Strategy Realty

    (630) 201-3256

    1 in this area

    20 Total Sales

    Section Image

  • T

    Seller's Agent in 2018

    Tyrell Christmas

    Coldwell Banker Realty

See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11190343

Midwest Real Estate Data (MRED)

Illinois Cook County Chicago 60615 Washington Park

5350 S Wabash Ave, Chicago, IL

This home is located at 5350 S Wabash Ave, Chicago, IL 60615 since 15 August 2021. This property was built in 1910. 5350 S Wabash Ave is a home located in Cook County with nearby schools including Beethoven Elementary School, Wendell Phillips Academy High School, and Ace Amandla Charter High School.

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