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5632 S Wabash Avenue Chicago, IL 60637

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For Sale
Under Contract
$324,500

MULTI_FAMILY - Chicago, IL

Lot size:
0.09 Acres
Added:
Feb 11, 2026
Days on Market:
55
Last Refresh:
Apr 7 at 5:06 pm

Property Features for 5632 S Wabash Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
6
Bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 6, Basement, Bedroom 2
Parking
4
Parking features
Owned, Off Alley
Basement
Unfinished, Full
Standard status
Active Under Contract
APN
20151070400000
Lot size
0.09 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
7663

Utilities

Heating system
Natural Gas, Forced Air

Building Details

Year built
1895
Building materials
Brick
Roof type
Flat

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Listing Contact
Cody Shipp
Cody Shipp

Listing agent Cody Shipp

Listing office Baird & Warner 4553 N Lincoln Ave, Chicago, IL

Listing date Feb 11, 2026

MLS# 12563016

Copyright © 2026 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

Two-Unit Brick Building in Chicago

This well-maintained two-unit brick building features expansive layouts and soaring ceilings. Each unit includes three spacious bedrooms and one full bathroom. The upper unit offers an oversized layout with generously sized bedrooms due to an extended stairwell. Both units are designed for excellent functionality and comfort. The lower unit has a history of successful short-term rentals, generating approximately $24,000 annually while being utilized only half of the year. Recent improvements include the addition of in-unit laundry in both residences and a fully cleared basement, which provides 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 suitable 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. Grants up to $15,000 and a home warranty may be available.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Chicago
County
Cook
State
Illinois
Longitude
-87.624493
Latitude
41.79184

FAQs

What type of property is this?
Duplex - Well-maintained two-unit building with income potential in Chicago.
Where is this duplex located?
The property is located at 5632 S Wabash Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $324,500.
What are key features of this property?
This property features: Potential for $15,000 in grants and a home warranty; Income potential: Lower unit previously generated $24,000 annually as a short‑term rental (utilized half the year); Two well‑maintained units, each with 3 bedrooms and 1 bathroom
More about this property
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