View All Washington Park Chicago IL Multi-Family Homes Listings

$999,000
9 Beds 9 Baths 12694337 MLS PRICE CHANGE Status
Introducing one of Chicago's most exceptional new construction trophy investments-an architectural masterpiece that effortlessly blends sophisticated luxury, uncompromising craftsmanship, and extraordinary income-producing potential. Situated on an oversized lot in one of the city's fastest-appreciating neighborhoods, this spectacular three-unit building sets a new benchmark for modern multifamily living. Each expansive residence offers approximately 1,500 square feet of impeccably designed living space featuring three spacious bedrooms, three designer bathrooms, and an extraordinary floor plan that lives like a luxury single-family home. Every unit boasts two lavish primary suites with spa-inspired baths, creating an unparalleled level of comfort, flexibility, and privacy rarely found in today's market. Designed to impress from the moment you enter, the stunning open-concept interiors showcase exquisite finishes throughout, including custom designer cabinetry, premium quartz countertops, striking statement backsplashes, stainless steel appliances, expansive entertaining spaces, private balconies, abundant natural light, and convenient in-unit laundry hookups. Every finish has been thoughtfully curated to deliver a timeless blend of elegance, functionality, and modern sophistication. Built with exceptional attention to detail, this remarkable property features enhanced sound insulation between floors and exterior walls, providing superior privacy and an elevated living experience. A one-year builder warranty offers additional confidence and peace of mind. The outdoor living is equally impressive, featuring an expansive, fully fenced backyard designed for entertaining, gatherings, and everyday enjoyment, along with three dedicated exterior parking spaces. Perfectly positioned just moments from the CTA Green Line, only two blocks from Washington Park, and minutes from the transformative Obama Presidential Center, this extraordinary investment stands at the heart of one of Chicago's most exciting redevelopment corridors. Surrounded by billions of dollars in public and private investment-including the visionary 62-acre 78th Neighborhood development along the Chicago River-this location is poised for exceptional long-term appreciation and sustained demand. Whether you're a seasoned investor seeking a prestigious addition to your portfolio or an owner-occupant looking to offset your mortgage with substantial rental income, opportunities of this caliber are exceedingly rare. Every square foot reflects refined design, enduring quality, and exceptional craftsmanship. This is more than a multifamily property-it is a legacy investment, a trophy asset, and a statement of excellence that will captivate even the most discerning buyer.

5302 S Prairie Avenue, Chicago

$579,900
6 Beds 3 Baths 12719311 MLS ACTIVE Status
Welcome to 5702 S. Wabash Ave - where luxury, style, and opportunity meet. This stunning, brand-new two-unit building in 60637 ZIP Code is the definition of modern elegance. Every inch has been thoughtfully designed with high-end finishes, soaring ceilings, and impeccable craftsmanship from top to bottom-electrical, plumbing, HVAC, roof, windows, porch and flooring are all completely new, offering true peace of mind. The expansive first unit features a beautifully designed duplex layout with 2 spacious bedrooms and 1 bath on the main level, flowing into a lower level with an additional bedroom, a massive spa-like bathroom, and a comfortable living space-perfect for relaxation or extended living. Both units showcase sleek quartz countertops, custom cabinetry, and designer kitchens with oversized islands made for entertaining. Each unit offers generous living and dining areas, along with well-proportioned bedrooms that provide both comfort and versatility. The bathrooms are nothing short of stunning-you will absolutely fall in love. Perfect for an owner-occupant or investor, this property offers the ideal setup to live luxuriously while generating income. Location is everything, and this one delivers. Enjoy easy access to Interstate 90/94, public transportation including the Chicago Red Line, and nearby green spaces like Sherwood Park and Washington Park. You're also just minutes from University of Chicago, plus shopping, dining, and everyday conveniences along Garfield Boulevard. Outside, enjoy a brand-new porch, a spacious yard, and rare three-car tandem parking in the rear. The curb appeal alone sets this home apart, with a front presence that feels as grand as it is inviting. This is more than a property-it's a lifestyle, an investment, and a rare opportunity to own something truly unique. Come experience it for yourself

5702 S Wabash Avenue, Chicago

$965,000
9 Beds 9 Baths 12696855 MLS ACTIVE Status
Luxury New Construction Triplex in Washington Park | Premier Investment & Owner-Occupant Opportunity. 2UNITS ARE ALREADY CASH FLOWING. his luxury new-construction triplex is an exceptional opportunity in one of Chicago's fastest-growing neighborhoods. Combining modern design, upscale finishes, and strong income potential, this property offers outstanding value for both investors and owner-occupants.This is the kind of property that immediately captures the attention of serious investors and savvy owner-occupants alike. Welcome to elevated living in the heart of Bronzeville/Washington Park-where modern design meets exceptional income potential in one of Chicago's most exciting growth corridors. This meticulously crafted 3-unit residence is designed to stand out. Each expansive unit offers 3 oversized bedrooms and 3 full bathrooms, including 2 true primary suites with private en-suite baths-a rare and highly desirable layout that drives strong rental demand. Every bedroom features a walk-in closet, and the generous floor plans comfortably accommodate king-sized beds along with full living and dining setups. Step inside to discover bright, open-concept interiors filled with natural light and elevated by modern finishes throughout. Each unit showcases a chef-inspired kitchen complete with sleek quartz countertops, a statement waterfall island, custom white shaker cabinetry, and designer lighting-creating a seamless blend of luxury and functionality. In-unit washer and dryer add everyday convenience, while thoughtfully designed layouts make each residence equally suited for entertaining or comfortable living. The primary suites offer a private retreat experience, featuring spacious layouts, large walk-in closets, and spa-inspired bathrooms with upscale finishes rarely found in comparable properties. Built for efficiency and long-term value, the property includes separate mechanical systems, high-efficiency furnaces, tankless water heaters, and dedicated electrical panels for each unit. Private outdoor spaces and three exterior parking spaces further enhance the property's appeal. Unit 2 is currently leased. Units 1 and 3 are available, providing flexibility for investors and owner-occupants alike. Move into one unit and rent the others, or lease all available units to maximize income potential. Ask about available leasing assistance for the vacant units. Ideally located just minutes from the University of Chicago, major hospitals, parks, grocery stores, and public transportation, this property offers exceptional convenience paired with strong neighborhood growth potential. With a significant price improvement, seller financing incentives available, and one unit already generating income, this is a rare opportunity to acquire a luxury new-construction multifamily property in Washington Park.This will not last!

5809 S Indiana Avenue, Chicago

$755,000
14 Beds 8 Baths 12647110 MLS CLOSED Status
Calling all investors and owner-occupants to this rare Washington Park Greystone opportunity! This massive 4-unit property features an impressive 14 bedrooms and 8 bathrooms, offering size, flexibility, and income potential that is rarely available in today's market. Truly nothing else like it around. Located 5 miles from downtown, just 1.5 miles from the University of Chicago and within biking distance to Lake Michigan, the beach, Hyde Park, and the Obama Presidential Center, this property sits directly in the path of continued growth and development. New construction has already been completed throughout the block, additional development has broken ground next door, and values continue trending upward in this rapidly appreciating community. Including accommodating bike lanes. The building features three oversized 4-bedroom, 2-bath units plus a 2-bedroom, 2-bath garden unit, creating strong rental income potential and excellent flexibility for owner-occupants. 2 occupied and 2 vacant, ideal for multigenerational living, or investors seeking long-term cash flow. Units offer spacious layouts, stainless steel appliances, primary bedroom suites with private baths, separate heating systems, and updated finishes throughout. Renovations and improvements were completed in2021, and 2023, including tuckpointing, new roof, hot water heaters, and updated mechanicals. 2026 new back porch. Select units include in-unit laundry room, with additional laundry hookups available. The oversized gated backyard offers room for entertaining and future garage or parking pad potential. Estimated market rents for the main units range from approximately $2,600-$3,000 per month, with the garden unit estimated between $1,700-$2,000 per month, making this an attractive opportunity for both immediate income and immediate/long-term equity growth. Whether you are looking to house hack, expand your portfolio, or secure a large multifamily asset in one of Chicago's evolving investment corridors, this property delivers location, scale, and upside all in one. Schedule your showing today and experience the opportunity for yourself.

5319 S Indiana Avenue, Chicago

$688,776
9 Beds 3 Baths 12547040 MLS CLOSED Status
A LEGAL 3 UNIT! Get up to potentially net a profit over of $1,400 per month After paying PITI and PMI! The annual gross rental income is $77,712. This is the best deal in town. The lot adjacent to this listing will now be two new 3 unit buildings for over $1 million each. There are two other new developments that have recently been built or in the process of being built as well near the property. Get in now before prices sky rocket as the neighborhood is experiencing a rapid revitalization. Zoning Certificate in Agent document folder. Seller needs to sale to close on another property. 5169 S Michigan Ave is a well-maintained 3-unit rehabbed building in vibrant Washington Park. Each of the three spacious units have been updated with modern kitchens featuring quartz countertops and stainless steel appliances, plus larger back decks perfect for everyday use or entertaining. Individualized Central AC and heat was added in 2024, bringing extra comfort for tenants. Roof was replaced by the prior owner in 2022. Permitted Tuckpointing on Front of building in 2023. This unit is close to actual park of Washington Park, University of Chicago/ Hospital, upcoming data Center, Schools, Shopping, and walking distance from the XS Tennis facility. You will be close to public transportation; CTA bus, CTA Green Line stop on 51st, Metra lines, 90/94expressway, and Lake Shore Drive. Only 9 minutes to Hyde Park and a 15 minute drive to downtown Chicago. With public transit steps away, parks nearby, and downtown just a short ride, this property combines convenience, strong rental appeal, and long-term value.

5169 S Michigan Avenue, Chicago

$435,000
6 Beds 3 Baths 12515026 MLS CLOSED Status
**Charming Brick Two-Unit Gem Close to the University of Chicago!** Welcome to your new investment opportunity or multi-family haven! This beautifully maintained brick duplex offers two unique living spaces, perfect for homeowners seeking extra income or families wishing to reside close to one another. Located just a short distance from the prestigious University of Chicago, this property is ideal for students, faculty, and anyone looking to enjoy the vibrant community surrounding the university. **Unit 1:** Step inside this inviting 3-bedroom unit boasting stunning hardwood floors that flow seamlessly throughout. Abundant natural light fills each room, creating a warm and welcoming atmosphere. The spacious layout features a cozy living area, a well-appointed kitchen, and comfortable bedrooms, making it an ideal retreat for families or professionals. **Unit 2:** Discover the charm of this spacious duplex featuring 4 bedrooms and 2 baths. This thoughtfully designed unit offers ample space for everyone, whether hosting gatherings or enjoying quiet evenings at home. The open-concept living area is perfect for entertaining, while the well-equipped kitchen makes meal prep a delight. Enjoy the luxury of multiple bathrooms, ensuring convenience and privacy for all residents. **Additional Features:** - Solid brick exterior for durability and curb appeal - Ideal location close to the University of Chicago, with easy access to schools, shopping, and parks - Potential for rental income or multigenerational living. Don't miss the chance to own this versatile two-unit property that combines comfort, style, and investment potential in a prime location near the University of Chicago. Schedule your showing today and explore the possibilities this wonderful brick duplex has to offer!

5906 S Calumet Avenue, Chicago

$415,000
12 Beds 3 Baths 12484909 MLS CLOSED Status
Unique Chicago Three Flat building located on historic Wabash Avenue, in the elevating Washington Park neighborhood. With an ARV of $700,000+ and rental comps of $2000+, this current blank canvas is ideal for an owner occupant aiming to renovate, live in one unit and rent the other two units out, covering their mortgage or an investor aiming to renovate and make a surplus of equity and instant cash flow. Nestled on a beautiful block with various renovated properties and a recently completed new build next door, this 3-unit property holds 12 bedrooms x 3 baths. Each unit features 4 spacious bedrooms, 1 full bath, large living room and kitchen areas, incredible backyard with ample amounts of space for entertainment and potential additional construction. New furnaces, copper plumbing, updated electrical service, conduit electrical, updated water service and areas of new drywall have been installed, along w/ some interior demo work. New floor plan layout renderings are included for conversion to 3 bedroom x 2 bath units (primary bed + en-suite bath) w/ in-unit laundry. Amazing opportunity to capitalize on a great passive income investment with this centrally located property blocks away from Washington Park, close to Dan Ryan and the Red line, 15 min from The Loop/Downtown, and minutes away from Hyde Park shopping/restaurants and the newly constructed Obama library. Schedule a tour today!

5824 S Wabash Avenue, Chicago

$1,050,000
9 Beds 6 Baths 12365920 MLS CLOSED Status
*UNDER CONTRACT BEFORE LIST*Luxury New Construction 3-Flat in Washington Park - Premier Investment Opportunity Experience the pinnacle of modern urban living with this meticulously designed new construction three-unit residence in the thriving Washington Park neighborhood. Designed for discerning buyers, investors, and 1031 exchange opportunities, this turnkey property combines architectural sophistication with high-end functionality, offering an exceptional standard of living and long-term value. Each 1,800 sq. ft. unit is thoughtfully crafted with three spacious bedrooms and two full bathrooms, showcasing an expansive footprint and designer-curated finishes. The interiors feature wide-plank blonde hardwood flooring, floor-to-ceiling 180-degree glass walls, and custom push-close cabinetry with built-in drawers, elevating the living experience beyond traditional builder-grade construction. The floor plan is designed for both elegance and practicality, with custom lighting accents throughout to enhance each space's aesthetic appeal. The professional-grade chef's kitchen is equipped with custom cabinetry, high-end stainless steel or integrated appliances, a quartz waterfall island, and a custom backsplash with accent lighting. Each unit's formal living and dining areas are designed for entertaining and daily luxury, while the private rear terraces and patios provide additional outdoor space. The primary suite is a secluded retreat, featuring a large walk-in closet and an expansive, private layout. The en-suite spa-inspired bathroom includes an oversized frameless glass shower, a soaking tub, and private water closet, double vanity sinks, and designer plumbing fixtures, offering an unparalleled level of sophistication and comfort. Additional features include in-unit washer/dryer, high-efficiency furnaces, tankless water heaters, and dedicated 200-AMP Electrical panels for each unit. The separate maintenance closet with baseboard heating outside unit 1 with exterior entry, timed lighting in common spaces, and separate mechanicals for each residence further enhance the property's efficiency and functionality. Designed for privacy and security, the building offers gated entry with a buzzer system and is security camera compatible. The 2-car garage plus an additional exterior parking space ensures ample convenience for residents. Positioned in a highly desirable location, this property provides easy access to Washington Park, public transportation, and Chicago's premier cultural and business districts. Developed by an experienced builder with over 19 years of expertise, this home is ready for immediate occupancy and comes with a one-year builder warranty. This is an exclusive opportunity to own a trophy investment property in a rapidly appreciating neighborhood. Schedule a private showing today to experience the exceptional craftsmanship and modern design firsthand.

5921 S Calumet Avenue, Chicago

$990,000
12 Beds 8 Baths 12277868 MLS RE-ACTIVATED Status
Fantastic four-unit, 2007 construction, owner-occupant investment opportunity in appreciating east Washington Park! Unit 4 has been rehabbed to feature modern improvements to be comparable to other new construction (in the area. All four units are 3-bed / 2-bath and three units have in-unit laundry hook-ups. All units have hardwood and tile throughout, modern appliances, gas-forced-heat / central air, granite counter tops, in-unit hot water tanks, and individual utilities. The residences are larger than most of the new construction in the area, ranging in size between 1,200 and 1,400 SF and feature separate dining & living areas. The property has had extensive improvements in the last year to the interior and exterior (please request detailed building improvement list from broker). Other notable features: steel porches with individual outdoor spaces, sump pump and grinder pump, breaker panels in-unit, five exterior parking spaces with automatic gate, common coin laundry, new carpet and paint in common hallway, granite countertops and islands, separate living and dining areas, and updated lighting and bathroom fixtures. All kitchens have refrigerators, dishwashers, gas stoves, built-in microwaves, garbage disposals, and condo-quality cabinetry. The current leases are below market: Unit 1 - 2000, Unit 2 - 2,250, Unit 3 - 2350, and Unit 4 - 2750. This is a fantastic opportunity for an owner-occupant to occupy one unit and benefit from the income from the other three units. 5333 S Calumet and 5644 S Prairie also available for sale. PLEASE REQUEST FULL MARKETING AND BUILDING INFORMATION FROM BROKER.

5331 S Calumet Avenue, Chicago

$1,016,500
9 Beds 6 Baths 12282629 MLS CLOSED Status
Luxury New Construction 3-Flat in Washington Park - Premier Investment Opportunity Experience the pinnacle of modern urban living with this meticulously designed new construction three-unit residence in the thriving Washington Park neighborhood. Designed for discerning buyers, investors, and 1031 exchange opportunities, this turnkey property combines architectural sophistication with high-end functionality, offering an exceptional standard of living and long-term value. Each 1,800 sq. ft. unit is thoughtfully crafted with three spacious bedrooms and two full bathrooms, showcasing an expansive footprint and designer-curated finishes. The interiors feature wide-plank blonde hardwood flooring, floor-to-ceiling 180-degree glass walls, and custom push-close cabinetry with built-in drawers, elevating the living experience beyond traditional builder-grade construction. The floor plan is designed for both elegance and practicality, with custom lighting accents throughout to enhance each space's aesthetic appeal. The professional-grade chef's kitchen is equipped with custom cabinetry, high-end stainless steel or integrated appliances, a quartz waterfall island, and a custom backsplash with accent lighting. Each unit's formal living and dining areas are designed for entertaining and daily luxury, while the private rear terraces and patios provide additional outdoor space. The primary suite is a secluded retreat, featuring a large walk-in closet and an expansive, private layout. The en-suite spa-inspired bathroom includes an oversized frameless glass shower, a soaking tub, and private water closet, double vanity sinks, and designer plumbing fixtures, offering an unparalleled level of sophistication and comfort. Additional features include in-unit washer/dryer, high-efficiency furnaces, tankless water heaters, and dedicated 200-AMP Electrical panels for each unit. The separate maintenance closet with baseboard heating outside unit 1 with exterior entry, timed lighting in common spaces, and separate mechanicals for each residence further enhance the property's efficiency and functionality. Designed for privacy and security, the building offers gated entry with a buzzer system and is security camera compatible. The 2-car garage plus an additional exterior parking space ensures ample convenience for residents. Positioned in a highly desirable location, this property provides easy access to Washington Park, public transportation, and Chicago's premier cultural and business districts. Developed by an experienced builder with over 19 years of expertise, this home is ready for immediate occupancy and comes with a one-year builder warranty. This is an exclusive opportunity to own a trophy investment property in a rapidly appreciating neighborhood. Schedule a private showing today to experience the exceptional craftsmanship and modern design firsthand. *LOOKING TO PURCHASE MULTIPLE 5922 S CALUMET COMING SOON.

5822 S Wabash Avenue, Chicago

$325,000
4 Beds 3 Baths 12219556 MLS CLOSED Status
The last buyer's financing fell through, and the appraisal came back at 340,000-making this a great opportunity to get in with equity! Don't miss this fantastic opportunity to own a well-maintained, income-generating 2-flat in the heart of Washington Park-a neighborhood full of growth and potential. Whether you're an investor seeking reliable rental income or a homeowner looking to maximize financial flexibility, this property has everything you need. The first unit features 2 bedrooms and 1 bathroom, while the second unit offers 2 bedrooms and 1.5 bathrooms. The partially finished basement is packed with possibilities-it could become an additional dwelling unit (ADU) for extra rental income, a recreation space, an in-law suite, or even a home office. The property is move-in ready and has been meticulously cared for, yet there's still room to add your personal touches and build even more value. Washington Park is a neighborhood on the rise, with exciting developments making it one of the most promising areas in Chicago. Both UChicago Medicine's cutting-edge clinical lab facility and the upcoming Malcolm X College Learning Center are conveniently located near the Garfield Green Line station, bringing modern healthcare services, job opportunities, and innovative training programs to the community. The University of Chicago is collaborating with local leaders to enhance housing, infrastructure, and public spaces, further increasing the area's appeal. Additionally, the property is just 10 minutes from the highly anticipated Obama Presidential Center, set to be completed in 2026, which will serve as a major cultural and educational landmark. With these transformative projects nearby and unparalleled proximity to the Green Line, residents can enjoy exceptional convenience in this thriving neighborhood. The location couldn't be better-just steps from the Garfield Green Line station for easy commuting and minutes from Washington Park, one of Chicago's largest and most iconic green spaces. You'll also find yourself close to the University of Chicago and Hyde Park's vibrant restaurants, shops, and cultural landmarks, adding to the appeal for potential renters or homeowners alike. This property isn't just a home; it's a smart investment in a community brimming with opportunity. With major developments underway and more to come, Washington Park is poised for significant appreciation. The basement's potential for an ADU makes this an even more lucrative prospect, whether you're looking to generate additional rental income or create a flexible living space. Additional highlights include easy access to major highways and proximity to local schools, making this property ideal for families or renters seeking convenience and a vibrant neighborhood. Imagine the benefits of a fully utilized ADU or owning property in a neighborhood transforming into a hub of innovation, education, and culture. Opportunities like this don't come around often. If you've been waiting for the perfect property in an up-and-coming neighborhood with strong growth potential, this is your moment. Schedule your showing today and secure your place in Washington Park's bright future!

5647 S Wabash Avenue, Chicago

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Washington Park, Chicago IL · Curated MLS Search

Multi-Family Homes in Washington Park, Chicago IL

An editorially curated view of every active multi-family homes listing in Washington Park, Chicago IL. Updated in real time from the local MLS, presented without the noise.

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