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Two-Unit Brick Greystone
New
For Sale
$335,000

6947 S Wabash Avenue, Chicago, IL 60637

Legal duplex with a refreshed second unit and a full unfinished basement.

Property SizeContact for details
Days on Market5

Property Features for 6947 S Wabash Avenue

General Information

Standard status Active
Property subtype MULTI_FAMILY

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 2 x 4BR/1BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $2,532

Building Details

Year Built 1903
Buildings 1
Construction brick Greystone
Listing Agency: Compass
Listed By: Dan Nelson · License #475189264
Source: Dawnmckennagroup
Added: Sep 1 Changed: Sep 3 Last Checked: Sep 4 at 11:04AM

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 Compass

Investment Insights

Based on property information with market context.

This legal two-unit brick Greystone, built in 1903, contains two residences with four bedrooms and one full bathroom apiece. Both units feature kitchens with granite countertops and substantial cabinet storage, plus bathrooms with bathtubs and exhaust fans. Unit 2 has updated flooring, fresh paint, LED lighting, and stainless steel appliances. The property also includes a full unfinished basement that may support a future duplex-down or third-unit concept, subject to applicable approvals.

Located on a tree-lined residential street in Chicago, the property offers access to public transportation and the expressway. The 71th Street and 75th Street commercial corridors are nearby, providing shopping, dining, and everyday services.

Key Highlights

  • Legal two‑unit brick Greystone built in 1903
  • Two residences, each with 4 bedrooms and 1 full bathroom
  • Unit 2 updated with flooring, paint, LED lighting, and stainless steel appliances

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

736
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Legal duplex with a refreshed second unit and a full unfinished basement.
Where is this duplex located?
The property is located at 6947 S Wabash Avenue Chicago, IL.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Legal two‑unit brick Greystone built in 1903; Two residences, each with 4 bedrooms and 1 full bathroom; Unit 2 updated with flooring, paint, LED lighting, and stainless steel appliances
More about this property
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