Well-Maintained Two-Unit Brick
For Sale
$299,999
5632 South Wabash Avenue, Chicago, IL 60637
Two-unit building with income potential and recent improvements.
Property SizeContact for details
Days on Market151
Property Features for 5632 South Wabash Avenue
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Two to Four Units / 2 Flat
Zoning
MULTI
Taxes and HOA fees
Annual Taxes
$7,663
Building Details
Year Built
1895
Listing Agency:
Baird & Warner
(312) 450-0665
Listed By:
Cody Shipp · License #475180410
(312) 450-0665
Source:
Compass
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 24 at 12:13PM
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 Baird & Warner
Investment Insights
Based on property information with market context.
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 generous bedroom sizes due to an extended stairwell. Both units are designed for functionality and comfort. The lower unit has a history of successful short-term rentals, generating approximately $24,000 annually while being utilized only 50% 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.
Key Highlights
- Potential for rental income: Lower unit previously generated $24,000 annually as a short‑term rental.
- Two spacious units, each with three bedrooms and one full bathroom.
- Move‑in ready condition: Re‑stained hardwood floors, kitchens and bathrooms in superb condition.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 60637, IL
53,555
Population
26,717
Households
2
Avg Household Size
31
Median Age
37%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
11,901
Density / Sq Mi
$42,080
Median Household Income
$33,227
Median Earnings
$1,170
Median Rent
$243,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit building with income potential and recent improvements.
Where is this duplex located?
The property is located at 5632 South Wabash Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Potential for rental income: Lower unit previously generated $24,000 annually as a short‑term rental.; Two spacious units, each with three bedrooms and one full bathroom.; Move‑in ready condition: Re‑stained hardwood floors, kitchens and bathrooms in superb condition.
