$779,000

beds

baths

half baths

4040 S Wabash Avenue

Chicago, Illinois 60653

New / MLS #12667630 / Multiple Unit (2-4) / Grand Boulevard

Listing information updated 6/4/2026 at 12:43pm

Legal 4-unit investment or owner-occupied opportunity in Chicago's Bronzeville area with strong in-place rental income and multiple recent improvements. Currently fully rented but there is the opportunity for owner occupancy in July if desired. Have the majority of your mortgage and housing expenses paid by the other 3 units! The property features a desirable unit mix: one garden 2 bed/1 bath, two 3 bed/1.5 bath units, and one 2 bed/2 bath unit, currently generating $6,775/month or $81,300/year in gross scheduled rent. Tenants pay gas and electric, while the landlord pays water. Improvements include updated flooring, stainless steel appliances, granite countertops, newer furnaces, hot water tanks, in-unit washers/dryers, fresh paint, replaced doors, porch-step repairs, and 2025 roof silver coating/maintenance. The property also offers rear parking and an electric vehicle charging hookup (120V). With stabilized occupancy, solid rents, and legal 4-unit status, 4040 S. Wabash Ave is a compelling cash-flowing multifamily asset with upside in one of Chicago's most desirable South Side neighborhoods. Photos are of units pre-move-in to better see the features; all units currently occupied with tenants and their furnishings.

Full Features

Exterior Type:

Brick

Basement:

Finished,Full,Walk-Out Access

Beds Above Grade:

Heating System:

Natural Gas, Forced Air

Pool:

Age:

100+ Years

Parking Spaces:

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Acreage:

0.09

Taxes & Assessments

Tax Amount:

$12,098

Tax Year:

2024

Location

Zip Code:

60653

City:

Chicago

County:

Cook

Schools

School District(s):

219

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Exterior Type:

Brick

Basement:

Finished,Full,Walk-Out Access

Beds Above Grade:

Heating System:

Natural Gas, Forced Air

Pool:

Age:

100+ Years

Parking Spaces:

Room Count:

Water Front:

Square Feet:

N/A

Lot Size:

Less Than .25 Acre

Acreage:

0.09

Tax Amount:

$12,098

Tax Year:

2024

Zip Code:

60653

City:

Chicago

County:

Cook

School District(s):

219

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Seed Realty LLC

Listing Office Phone: 224.300.0303

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 6/4/2026 at 12:43pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.