5632 S Wabash Ave Chicago, IL 60637
Washington Park NeighborhoodEstimated payment $2,403/month
Highlights
- Forced Air Heating System
- Paved or Partially Paved Lot
- 5-minute walk to Lorraine Hansberry Park
About This Home
Welcome to this well-maintained two-unit brick building offering expansive layouts, soaring ceilings, and three spacious bedrooms with one full bathroom in each unit. The upper unit benefits from an oversized layout, with particularly generous bedroom sizes created by the extended stairwell, while both units offer excellent functionality and comfort. The lower unit has previously operated as a successful short-term rental, generating approximately $24,000 annually while being utilized only 50% of the year. Recent improvements by the current owners include the addition of in-unit laundry in both residences and a fully cleared basement, providing a strong foundation for a potential future garden unit. Both units feature re-stained hardwood floors, with kitchens and bathrooms in superb condition and move-in ready. The property is well suited for an owner-occupant seeking rental income or as a full investment opportunity. The area is poised for continued appreciation, supported by significant nearby development, including multi-billion-dollar investments such as the Obama Presidential Library in adjacent Woodlawn.
Open House Schedule
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Saturday, February 14, 202611:00 am to 1:00 pm2/14/2026 11:00:00 AM +00:002/14/2026 1:00:00 PM +00:00Add to Calendar
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Sunday, February 15, 202611:00 am to 1:00 pm2/15/2026 11:00:00 AM +00:002/15/2026 1:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,663
Year Built
- Built in 1895 | Remodeled in 2018
Lot Details
- 3,920 Sq Ft Lot
- Paved or Partially Paved Lot
Home Design
- Flat Roof Shape
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Potential Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
Parking
- 4 Parking Spaces
- Parking Available
- Off Alley Parking
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
Community Details
- 2 Units
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,233 | $38,001 | $14,088 | $23,913 |
| 2024 | $4,233 | $38,001 | $14,088 | $23,913 |
| 2023 | $4,126 | $20,001 | $14,088 | $5,913 |
| 2022 | $4,126 | $20,001 | $14,088 | $5,913 |
| 2021 | $4,034 | $19,999 | $14,087 | $5,912 |
| 2020 | $4,216 | $18,926 | $6,842 | $12,084 |
| 2019 | $4,321 | $21,507 | $6,842 | $14,665 |
| 2018 | $3,646 | $18,457 | $6,842 | $11,615 |
| 2017 | $4,421 | $20,539 | $5,635 | $14,904 |
| 2016 | $4,114 | $20,539 | $5,635 | $14,904 |
| 2015 | $3,764 | $20,539 | $5,635 | $14,904 |
| 2014 | $3,027 | $16,314 | $4,830 | $11,484 |
| 2013 | $2,967 | $16,314 | $4,830 | $11,484 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/11/2026 02/11/26 | For Sale | $339,000 | +7.6% | -- | |
| 12/09/2022 12/09/22 | Sold | $315,000 | -7.4% | -- | View Prior Sale |
| 10/24/2022 10/24/22 | Pending | -- | -- | -- | |
| 10/16/2022 10/16/22 | Price Changed | $340,000 | -5.6% | -- | |
| 08/15/2022 08/15/22 | For Sale | $360,000 | +92.5% | -- | |
| 01/30/2020 01/30/20 | Sold | $187,000 | -0.5% | -- | View Prior Sale |
| 11/25/2019 11/25/19 | Pending | -- | -- | -- | |
| 11/13/2019 11/13/19 | Price Changed | $187,900 | -1.1% | -- | |
| 09/05/2019 09/05/19 | For Sale | $189,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12563016
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