6712 S Wabash Ave Chicago, IL 60637
Park Manor NeighborhoodEstimated payment $2,353/month
About This Home
Welcome to 6712 South Wabash Avenue, a 4-unit plus garden property offering tremendous potential for both immediate income and long-term growth. Situated on a spacious double lot, this property provides not only ample space for tenants but also room for expansion, creative development, or future value-add opportunities. Currently, the building is generating a sustainable income stream, with strong rental demand in the area and just one unit left to be fully rented. Once fully occupied, the property projects a healthy cash flow, exceeding $60,000 per year. This makes it an excellent choice for both first-time investors and seasoned landlords looking to grow their portfolios with a high-performing asset. The double lot further enhances its income potential by opening the door to expansion options or creative outdoor amenities that can increase tenant appeal. Another major advantage is its convenient location. Nestled in the Greater Grand Crossing neighborhood, this property is located just off the Dan Ryan Expressway, offering quick access to Downtown Chicago, Hyde Park, and surrounding neighborhoods. Tenants benefit from easy commuting options, proximity to shopping, dining, and community amenities-making this an attractive rental choice for years to come. Finally, the property is competitively priced to sell, offering exceptional value in today's market compared to other multi-unit opportunities. Photos are virtually staged.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,798
Year Built
- Built in 1898
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Concrete Perimeter Foundation
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Potential Bedrooms
- 5 Bathrooms
Parking
- 2 Parking Spaces
- Off Alley Parking
Additional Features
- Lot Dimensions are 165x50
- Heating System Uses Natural Gas
Community Details
- 4 Units
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2025 10/30/25 | For Sale | $389,000 | 0.0% | -- |
| 10/07/2025 10/07/25 | Pending | -- | -- | -- |
| 09/12/2025 09/12/25 | For Sale | $389,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12471061
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