5331 S Wabash Avenue
Chicago, IL, 60615
$350,000
12 Beds
4 Baths
0 SqFt
0 Acres
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$350,000
5331 S Wabash Avenue
Chicago, IL, 60615
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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 potential, 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

Property Details

Price:
$350,000
MLS #:
MRD12772599
Status:
Active
Beds:
12
Baths:
4
Type:
Multi Family
Neighborhood:
chiwashingtonpark
Listed Date:
Sep 28, 2026
Year Built:
1926
Chi – Washington ParkChiwashingtonpark

Schools

School District:
299

Interior

Heating
Gas

Exterior

Construction Materials
Brick

Financial

Tax Year
2023
Taxes
$5,927
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Debra Dobbs is one of Chicago’s top realtors with more than 42 years in the real estate business.

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Current real estate data for Multi Family in Chicago as of Oct 25, 2026
1,381
Multi Family Listed
78
Avg DOM
$530,151
Avg List Price

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Property Summary

    5331 S Wabash Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60615. It is listed for $350,000 To schedule a showing of MLS#mrd12772599 at 5331 S Wabash Avenue in Chicago, IL, contact your Compass | Debra Dobbs | The Dobbs Group agent at 3123074909.
5331 S Wabash Avenue
Chicago, IL