5350 S Wabash Ave., Chicago, IL 60615

5350 S Wabash Ave., Chicago, IL 60615
Photo 1 of 1
$425,000
Sold on 10/13/21
Beds Baths Sq. Ft. Taxes Built
8 0.00 0 $2,654.86 1908
On the market: 59 days
View full details, 15 photos, school info, and price history
Don't miss out on investing in your future with this multi-unit on a corner lot! With a $39,000 annual gross rental income, this lucrative investment is located in the sought after Washington Park neighborhood. It is adjacent to the future $150 million data center of Washington Park. It is an all brick property situated only a 5 minute walk from both the Garfield Blvd CTA Green line and Red line stations, and the Dan Ryan Expressway. Additionally, it's near the heart of the future "University of Chicago's Art Block Initiative." Featuring two spacious units with hardwood floors throughout, updated kitchens with granite countertops, stainless steel appliances, and updated bathrooms with ceramic tiling. The top floor unit has three bedrooms and one bathroom with a very large living room and plenty of closet space. The bottom unit is duplexed down offering two floors of living space and 5 bedrooms. The kitchen features a living/dining combo with a large island. The primary bedroom in the lower level features an ensuite bathroom. There is individually metered laundry for each unit in the basement utility room. The roof, back porch, water heaters, a/c's and downstairs furnace were all replaced in 2017. The upstairs furnace has been serviced annually. both units are already hard-wired for ADT security. There's nothing to do except move in and have your tenant cover the majority or all of your mortgage. The 5 bedroom was previously rented for $1,750. The 3 bedroom's potential rent could be $1,500+.
Listing courtesy of Phillip Dixon, Coldwell Banker Realty