About This Home

This 8-bedroom, 4-bathroom residential multi family at 5331 S Wabash Avenue in Chicago, IL is listed for $350,000. Built in 1926, on a N/A lot.

Key Features

  • Built in 1926

Property Details

4 full
1926
Listing Description

Washington Park 4-Unit | Value-Add Opportunity Near the Obama Presidential Center Bring your vision and your toolbox. This 4-unit multifamily property in Chicago's Washington Park neighborhood offers a rare chance to buy into one of the South Side's most closely watched areas at a basis that leaves room for real upside.

The Location Minutes away from the Obama Presidential Center, the property sits in the path of major public and private investment. With the Center's campus in nearby Jackson Park, plus ongoing activity around Washington Park itself, the area continues to draw new attention from residents, employers, and investors.

You're also close to the CTA Green Line, the Dan Ryan (I-90/94), the University of Chicago, and the Museum of Science and Industry, with easy access to Hyde Park, Bronzeville, and the Loop. The Property Four residential units in a classic Chicago masonry-style building Solid bones with a layout that suits a mix of unit types Separate utilities pote

ntial, so owners can reduce common-area costs Rear yard and on-street parking available The Opportunity This property needs work, and that's the point. Whether you're a rehabber, an owner-occupant looking to live in one unit and rent the others, or a long-term hold investor, there's meaningful room to add value through renovation, improved rents, and better operations.

Buyers should plan for updates to interiors, mechanicals, and finishes, and should perform their own inspections and due diligence. Why It's Worth a Look Multifamily inventory in this corridor is limited Neighborhood momentum tied to the Obama Center and surrounding development Strong rental demand from students, hospital and university staff, and long-term residents Potential for owner-occupant financing options. Sold as-is. Cash and renovation-loan buyers welcome. Schedule your showing today

Monthly Cost Estimate

$1,872/mo

20% down · 6.5% · 30 years

Principal$253
Interest$1,517
Insurance$102

Estimates only. Actual payments may vary.

Location

5331 S Wabash Avenue

Chicago, IL 60615

Property Details

Construction

Brick

Heating

Natural Gas

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 5331 S Wabash Avenue is listed at $350,000. The estimated monthly payment is $1,872 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1926.

This property is listed by Oscar Estrada and can be reached at (888) 574-9405.

OE

Oscar Estrada

Agent at eXp Realty, LLC

(888) 574-9405
Agent website

Listed by eXp Realty, LLC · Broker phone: (888) 574-9405 · View on Broker Site · Broker website

MLS# 12772599· Source: Midwest Real Estate Data, LLC· 4 days on PropertySimple

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.

5331 S Wabash Avenue, Chicago, IL 60615

Open this listing in: