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$389,000

Est. payment - /mo

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9 Beds

5 Baths

New

6712 S Wabash AVE Chicago, IL 60637

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Park Place Realty Group LLC

info@parkplacerealtyllc.com +1(708) 722-5106

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Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12471061

Bedrooms 9

Year Built 1898

Annual Tax Amount $3,798

Tax Year 2023

Lot Dimensions 165x50

Property Sub-Type Two to Four Units

Property Description

Welcome to 6712 South Wabash Avenue, a 4-unit plus garden property offering tremendous potential for both immediate income and long-term growth. Situated on a spacious double lot, this property provides not only ample space for tenants but also room for expansion, creative development, or future value-add opportunities. Currently, the building is generating a sustainable income stream, with strong rental demand in the area and just one unit left to be fully rented. Once fully occupied, the property projects a healthy cash flow, exceeding $60,000 per year. This makes it an excellent choice for both first-time investors and seasoned landlords looking to grow their portfolios with a high-performing asset. The double lot further enhances its income potential by opening the door to expansion options or creative outdoor amenities that can increase tenant appeal. Another major advantage is its convenient location. Nestled in the Greater Grand Crossing neighborhood, this property is located just off the Dan Ryan Expressway, offering quick access to Downtown Chicago, Hyde Park, and surrounding neighborhoods. Tenants benefit from easy commuting options, proximity to shopping, dining, and community amenities-making this an attractive rental choice for years to come. Finally, the property is competitively priced to sell, offering exceptional value in today's market compared to other multi-unit opportunities. Photos are virtually staged.

Location

State IL

County Cook

Area Chi - Greater Grand Crossing

Rooms

Basement Unfinished, Walk-Up Access, Walk-Out Access

Interior

Heating Natural Gas

Fireplace N

Exterior

Community Features Gated, Sidewalks, Street Lights

Roof Type Flat

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 299 , 299, 299

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Briana Cattledge • Coldwell Banker Realty

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Park Place Realty Group LLC

Broker | License ID: 888222

+1(708) 722-5106