Legal 4-Unit Condo Conversion

5137 S Wabash Avenue Chicago Chicago, IL 60615

Claim this Listing
New
For Sale
$1,075,000

Four spacious 3-bedroom units feature in-unit laundry, fireplaces, and gated rear parking.

Type:Two to Four Units
Added:
Jul 9, 2026
Days on Market:
4
Last Refresh:
Jul 10 at 3:08 am

Property Features for 5137 S Wabash Avenue Chicago

General Information

Standard status
Active
Property subtype
Two to Four Units

Building Details

Year Built
2009

Listing office

Listing date Jul 9, 2026

Source Remaxadream

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Jaycee Ochoa


Investment Insights

Based on property information with market context.

This is a legal four-unit property originally built in 2009 as individual condos and now positioned for new ownership. The building provides three-bedroom, two-bath apartments throughout, with stainless steel appliances, granite countertops, marble baths, fireplaces, and in-unit washer/dryers. The top three units have refinished hardwood floors, while the lower level features newer wood plank vinyl flooring. Recent building improvements include two hot water tanks installed in 2020–2021 and three new A/C units installed in 2024–2025.

Set on an extra-wide lot, the property includes a fully gated rear parking area designed to support secure, off-street parking for residents.

The layout is well-suited for long-term income generation or an owner-occupant arrangement, with the opportunity to live in one unit while other units contribute rental income.

Key Highlights

  • Legal 4‑unit property built in 2009, offering four 3‑bedroom/2‑bath apartments with 12 total bedrooms and 8 full baths.
  • All units include in‑unit washer/dryers plus stainless steel appliances and granite countertops.
  • Living areas feature fireplaces, marble baths, and bedroom/bath design elements across all four apartments.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Building Supply Kitchen & Bath Showroom HVAC Service (Bike/Boat/Book/etc) Store Auto Parts Store Plumbing Service Real Estate Agency Skin Care Clinic Accounting Firm

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

FAQs

What type of property is this?
Quadplex - Four spacious 3-bedroom units feature in-unit laundry, fireplaces, and gated rear parking.
Where is this quadplex located?
The property is located at 5137 S Wabash Avenue Chicago Chicago, IL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Legal 4‑unit property built in 2009, offering four 3‑bedroom/2‑bath apartments with 12 total bedrooms and 8 full baths.; All units include in‑unit washer/dryers plus stainless steel appliances and granite countertops.; Living areas feature fireplaces, marble baths, and bedroom/bath design elements across all four apartments.
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