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$1,152,575
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5318 S Wabash Avenue

Chicago, Illinois 60615
Closed / MLS #11202159 / Multiple Family / Washington Park
Listing information updated 6/27/2023 at 10:43am
5318 S. Wabash is an oversized eight (8) unit, center entranced walk-up located in the historic Washington Park neighborhood of Chicago's South Side. 5318 S. Wabash is comprised of eight (8) meticulously maintained and recently updated 3Bd/2Ba units. All of which are incredibly spacious and feature an abundance of natural light. Furthermore, the units are all equipped modern kitchens with stainless steel appliances and updated bathrooms. Additionally, all of the units feature resurfaced hardwood flooring along with washer and dryers in-unit. Recent capital improvements to the building consist of, but not limited to, a newer roof, an updated and code compliant steel porch system, updated plumbing and electric, and individual in-unit furnaces & hot water tanks within the past few years. 5318 S. Wabash presents an investor a unique opportunity of not only acquiring an asset in one of Chicago's most desirable and appreciating neighborhoods, but also the ability to capitalize on a strong tenant base with an in place cap rate exceeding 7.3%. Currently, there is roughly a $400 difference in rent from older tenants to newer tenants, and solely by stabilizing the rental rates to the current market rate, there is an opportunity to achieve an 8.35% cap rate.

Full Features

Water Front:
No
Square Feet:
N/A
Built:
1905
Parking Spaces:
10
Stories:
3
Current Net Income:
$90,170
Unit 1:
6 room(s) / 3 bed(s) / 2 bath(s)

Taxes & Assessments

Tax Amount:
$10,239
Tax Year:
2019

Location

Zip Code:
60615
City:
Chicago
County:
Cook

Listing Office: Kiser Group Realty Inc

Listing Office Phone: 773.293.5000

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 6/27/2023 at 10:43am. 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.

Washington Park

Washington Park, IL

Surrounded by an expansive park of the same name, Washington Park offers a number of attractions that appeal to residents. The park spans more than 340 acres, and was the proposed location of the Olympic Stadium and swimming venue for the 2016 Summer Olympics. Added to the National Register of Histo...

CTA

CTA
Green line at Garfield
CTA
Red line at Garfield
$252,385
Average Sale Price
175
Average Days On The Market
91%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 5318 S Wabash Avenue, Chicago, IL 60615

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5318 S Wabash Avenue is a multiple family which sold for $1,152,575. This multiple family has been listed on @properties since August 25th, 2021 and was built in 1905. The nearest transit stops include Garfield CTA Green line.

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