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4-Unit Masonry Multifamily Building
For Sale
$350,000

5331 S Wabash Avenue, Chicago, IL 60615

The residential building includes a rear yard and on-street parking in Chicago’s Washington Park neighborhood.

Property SizeContact for details
Days on Market29

Property Features for 5331 S Wabash Avenue

General Information

Standard status Active
Property subtype Residential Income

Property Condition

Severity Repairs Needed
Evidence needs work

Site & Location

Neighborhood Near South Side
Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $5,927

Building Details

Year Built 1926
Construction masonry
Listing Agency: eXp Realty
Listed By: Oscar Estrada · License #475195906
Source: Freedomrealtyil
Added: Sep 28 Changed: Oct 25 Last Checked: Oct 23 at 4:10PM

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 eXp Realty

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Investment Insights

Based on property information with market context.

This 4-unit multifamily property is a masonry-style building constructed in 1926. The property requires renovation, with interior spaces, mechanical systems, and finishes identified for updates. A rear yard and on-street parking are also part of the property. Separate utilities are described as a possibility, not a confirmed existing feature.

The building is in Chicago’s Washington Park neighborhood. The Obama Presidential Center, CTA Green Line, Dan Ryan (I-90/94), University of Chicago, and Museum of Science and Industry are cited as nearby destinations or transportation options.

Key Highlights

  • Four residential units in a masonry‑style building
  • Built in 1926
  • Renovation needs include interiors, mechanicals, and finishes

Property Analytics

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Lease Details

4
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,092
Businesses Nearby

Demographics for 60615, IL

43,502
Population
24,997
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
93%
High-School Grad
2.2 sq mi
ZIP Area
19,774
Density / Sq Mi
$62,105
Median Household Income
$47,186
Median Earnings
$1,444
Median Rent
$305,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - The residential building includes a rear yard and on-street parking in Chicago’s Washington Park neighborhood.
Where is this quadplex located?
The property is located at 5331 S Wabash Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four residential units in a masonry‑style building; Built in 1926; Renovation needs include interiors, mechanicals, and finishes
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