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6 Beds ⋅ 2 Baths ⋅ 12680948 MLS ⋅ CONTINGENT Status

Ask your broker about terrific grants available! The property is eligible for up to $15,000 in assistance and a home warranty. Welcome to this well-maintained two-unit brick building offering expansive layouts, soaring ceilings, and three spacious bedrooms with one full bathroom in each unit. The upper unit benefits from an oversized layout, with particularly generous bedroom sizes created by the extended stairwell, while both units offer excellent functionality and comfort. The lower unit has previously operated as a successful short-term rental, generating approximately $24,000 annually while being utilized only half of the year. Recent improvements by the current owners include the addition of in-unit laundry in both residences and a fully cleared basement, providing a strong foundation for a potential future garden unit. Both units feature re-stained hardwood floors, with kitchens and bathrooms in superb condition and move-in ready. The property is well suited for an owner-occupant seeking rental income or as a full investment opportunity. The area is poised for continued appreciation, supported by significant nearby development, including multi-billion-dollar investments such as the Obama Presidential Library in adjacent Woodlawn.

5632 S Wabash 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

$127,000

12480038 MLS ⋅ CLOSED Status

Prime development opportunity in one of Chicago's fastest-appreciating neighborhoods, this oversized 12,068 SF corner parcel offers rare scale, prime positioning, and optimal RM-5 zoning that allows for a wide range of residential uses. Its premier corner location provides outstanding visibility, natural light, and design flexibility. Uniquely wide, the lot offers over 67 feet of frontage on Calumet Avenue and stretches nearly 180 feet deep, providing ample space for creative development with virtually every residential configuration on the table. Permitting up to 26,549 buildable square feet and 30 dwelling units by right, RM-5 zoning enables meaningful density and architectural flexibility. Just steps from Washington Park, one of the city's most iconic and expansive green spaces, the property offers a rare setting for nature lovers, outdoor enthusiasts, and cultural explorers alike. Spanning nearly 370 acres, the park features lush walking and biking trails, serene lagoons, tennis courts, athletic fields, and cultural landmarks like the DuSable Black History Museum. It's an ideal environment for recreation, connection, and inspiration - and just a short walk or bike ride through the park connects you directly to the University of Chicago campus. Convenient access to the nearby CTA Green Line further enhances the location's appeal. This property presents a rare opportunity to capitalize on a prime location with strong fundamentals and long-term upside.

5755 S Calumet Avenue, Chicago

$925,000

12390870 MLS ⋅ CLOSED Status

Prime opportunity for investors looking for both immediate cash flow and long-term upside. This well-maintained 8-unit building includes six spacious 3 bed / 1 bath units with hardwood floors, decorative fireplaces, large windows, and private decks, offering plenty of character and natural light throughout. Two garden units round out the mix: one 2 bed / 1 bath, and one 1 bed + office / 1 bath, perfect for added rental flexibility. Tenants enjoy convenient on-site laundry and extra storage in the basement, plus plenty of parking in back. Recent updates include new water heaters (both replaced within the last 2 years) and a modernized boiler system with wireless thermostats. The building is already producing strong cash flow, with room to add value over time. Located just a short walk to the Green Line and Washington Park, and with quick access to 90/94, this property offers a convenient location. Whether you're expanding your portfolio or jumping into multifamily for the first time, this building is a smart, solid play.

5849 S Michigan Avenue, Chicago

$635,000

8 Beds ⋅ 3 Baths ⋅ 12206139 MLS ⋅ CLOSED Status

*WASHER/DRYER UNITS HAVE BEEN ADDED TO EACH FLOOR!!!*SELLER WILLING TO ASSIST WITH CLOSING COST!*LOCATION, LOCATION, LOCATION!*HUGE OPPORTUNITY FOR OWNER OCCUPANTS OR INVESTORS!*THIS PROPERTY PAYS FOR ITESELF!!!*DON'T MISS THIS LEGAL 3 UNIT BUILDING TOTALLY REMODELED FROM TOP TO BOTTOM IN WASHINGTON PARK!*NEW PLUMBING, ELECTRICAL, ROOF, HVAC, WINDOWS, DOORS AND MORE!*FLOORS 1 & 2 OFFER 3 BEDROOM UNITS WITH GLEAMING HARDWOOD FLOORS*STONE FIREPLACE*DESIGNER BATH*LARGE SPACIOUS KITCHENS WITH STAINLESS APPLIANCES*EXPANDED OUTDOOR DECKS WITH THE 1ST FLOOR OFFERING A DOUBLE DECKING AREA*THE GARDEN UNIT IS DESIGNED IDEAL FOR INVESTORS THINKING OF SHORT TERM RENTALS/AIR BNB FOR ADDITIONAL INCOME*THE GARDEN UNIT HAS ITS OWN ENTRANCE AND OFFERS 2 BEDROOMS*LARGE KITCHEN AREA & COVERED OUTDOOR PATIO*THERE IS EVEN A 3 CAR GARAGE*COMPLETELY FENCED YARD*THE LOCATION CAN'T BE BEAT!*NEIGHBORS THE WELL KNOWN XS TENNIS CENTER, NEAR OBAMA LIBRARY, UNIVERSITY OF CHICAGO, THE GREEN LINE TRAIN STATION, THE MUSEUM OF SCIENCE & INDUSTRY, LAKESHORE DRIVE AND I90/94!*

5300 S Wabash Avenue, Chicago

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