5163 South Wabash Avenue

Chicago, IL 60615

$749,900
Price
13
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Wow, Here is an incredible opportunity for a cash flowing asset with so much upside, it is ideal for the arm chair investor. 5 Units plus a potential 6th which is well within the zoning. The rear porch is brand new, 4 of the 5 kitchens are brand new, all new hardwood floors, repainted surfaces, and so much more. The first floor is original with a long term tenant and that is the good news, it is a massive 1600 sf ft 5 bedroom 1 bath with interior access to the lower level. Basement ceiling heights...Wow, Here is an incredible opportunity for a cash flowing asset with so much upside, it is ideal for the arm chair investor. 5 Units plus a potential 6th which is well within the zoning. The rear porch is brand new, 4 of the 5 kitchens are brand new, all new hardwood floors, repainted surfaces, and so much more. The first floor is original with a long term tenant and that is the good news, it is a massive 1600 sf ft 5 bedroom 1 bath with interior access to the lower level. Basement ceiling heights are currently about 7 ft. Serious inquiries only, and a pre approval is required prior to showing.

Listing Agent

Property Details for 5163 South Wabash Avenue

Area
CHI - Washington Park
Township
Hyde Park
Zoning
MULTI

Location

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LISTING UPDATED: 02/08/2024 11:40 AM

Property Details for 5163 South Wabash Avenue

StatusActive
MLS #11945713
Days on Market206
Taxes$7,261 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family 5+ / Flats
Year Built1890
Lot Size0.09 AC / 3,750 SF
CountyCook County

Location

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Building Information for 5163 South Wabash Avenue

Stories-Residences6Year Built1890Building Size-Lot Size0.09 AC / 3,750 SF

Payment Calculator

$4,698 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,093

Property Taxes

$605

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5163 South Wabash Avenue

General Information
Addtl Parking Information
  • Outdoor Parking: 1-5 Spaces
Location and General Information
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Electric: Circuit Breakers, Separate Meters, Service - 101 to 200 Amps
  • Basement Description: Partially Finished, Cellar, Exterior Access, Bathroom Rough-In
  • Heat/Ventilation: Radiators
  • # Of Refrigerators: 5
  • Num of Baths: 5.0
Exterior Features
  • Misc Outside: Sun Deck
Property/Lot Information
  • Tenant Pays: Electricity
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Multi-Family Type: Flats
  • Lot Dimensions: 30 X 125
  • Stories: 3
  • Exterior Building Type: Brick, Limestone
  • Roof Type: Rubber
  • Roof Structure: Flat
  • Foundation Details: Brick/Mortar
  • Building Area Total: 5400
  • # Of Ranges: 5
Property and Assessments
  • Buyer Financing: Conventional
  • Public Document Count: 0
  • Photos Count: 18
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 6
Income & Expenses
  • Electric Expense: $800.00
  • Fuel Expense: $6,000.00
  • Gross Income: $91,200.00
  • Gross Scheduled Income: $91,200.00
  • Insurance Expense: $4,800.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Broker Projection
  • Expense Year: 2023
  • Total Annual Expense Source: Broker Projection
  • Fuel Expense Source: Broker Projection
  • Insurance Expense Source: Broker Projection
  • Janitor Expense: 0
  • Net Operating Income Year: 2023
  • Trash Expense Source: Actual
  • Total Monthly Income: 7600
  • Water Expense Source: Broker Projection
  • Net Operating Income: $61,139.00
  • Operating Expense: $.00
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $2,400.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 1
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 1
Unit 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 1
Unit 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 1
Unit 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 1
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 5163 South Wabash Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5163 South Wabash Avenue

Taxable ValueLand$18,595Additions$17,404Total$35,999
Tax Record2022$7,427 ($619 / month)
Home Facts
Baths6Total Finished SqFt6,561 SqFtAbove Grade Finished SqFt6,561 SqFtStories3Lot Size5,313 SqFtStyleMulti-Family Res (5+ Units)Year Built1890CountyCOOKAPN20-10-301-020

Schools near 5163 South Wabash Avenue

This home is within City Of Chicago School District 299.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Public - 9 to 12
Rating
School
Distance
Beethoven Elementary School
PublicPK to 8

Phillips Academy High School
Public9 to 12

Bronzeville Scholastic High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5163 South Wabash Avenue is a multi-family home for sale in Chicago, IL 60615. This property was listed for sale on December 14, 2023 by Compass, it's currently listed at $749,900. It has been on the market for a total of 206 days and was last sold on April 17, 2023. This listing's school district is City Of Chicago School District 299. Nearby schools include Beethoven Elementary School, Phillips Academy High School and Beasley Elementary Magnet Academic Center. 5163 South Wabash Avenue is a 13-bed, 5-bath, multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.