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    5419 S Wabash Ave Chicago, IL 60615

    For Sale
    $715,000

    Residential Income - Chicago, IL

    Days on Market:
    25
    Last Refresh:
    Dec 10 at 8:06 pm

    Property Features for 5419 S Wabash Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    20103090270000
    Parking
    3
    Exterior features
    Fencing
    Fencing
    Fenced

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1908
    Roof type
    Asphalt, Flat
    Architectural style
    Other

    Keller Williams Preferred Realty (708) 798-1111 [email protected]

    Listing agent Nikia Evans (708) 798-1111 License #471018862

    Listing date Nov 16, 2025

    MLS# 12518912 Listing URL

    Copyright © 2025 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chicago Multifamily Investment Opportunity

    This is a 3-unit graystone building located in Washington Park, Chicago. The multi-family building contains 8 beds and 6 baths and was fully rehabbed in 2023. Each unit features separate HVAC, electric, and water heaters, along with updated kitchens equipped with stainless steel appliances including a stove, refrigerator, microwave, and dishwasher, plus an in-unit washer and dryer. Modern finishes are present throughout. Rear off-street parking adds extra convenience. The property is situated 1 mile from the University of Chicago and 1.5 miles from the Obama Library. Unit 1 will be delivered vacant at closing. The property offers income potential with projected rents of $62,000 annually. The property is located in Cook County, Illinois, with a MULTI zoning designation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.623647
    Latitude
    41.7959297

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    FAQs

    What type of property is this?
    Apartment building - Renovated 3-unit building near University of Chicago and Obama Library.
    Where is this apartment building located?
    The property is located at 5419 S Wabash Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $715,000.
    What are key features of this property?
    This property features: - Fully rehabbed in 2023, offering a turnkey investment opportunity.; - Projected annual rental income of $62,000.; - Prime location: Just 1 mile from University of Chicago and 1.5 miles from Obama Library.
    (708) 798-1111
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5419 S Wabash Ave Chicago, IL 60615
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