Own a timeless piece of Washington Park with this exceptional jumbo 3-unit Graystone, ideally located just minutes from the University of Chicago and the highly anticipated Obama Presidential Center. This beautifully renovated 8-bedroom, 6-bath multi-family property was fully rehabbed in 2023, blending classic architectural charm with modern updates and strong income potential. Each expansive unit is thoughtfully designed with its own HVAC system, electric, and water heater, offering both comfort and efficiency. Updated kitchens feature stainless steel appliances including stove, refrigerator, microwave, and dishwasher, along with the convenience of in-unit washer and dryer. Contemporary finishes throughout, including private master bathrooms in every unit, elevate the living experience. Unit 1 will be delivered vacant, presenting an excellent opportunity for an owner-occupant to reduce their mortgage with rental income. Projected annual rents of $62,000 make this a compelling investment for both seasoned and first-time investors alike. Additional highlights include rear off-street parking and eligibility for FHA financing, additional cost savings for owner occupants with reduced taxes. A rare, turnkey opportunity in one of Chicago’s fastest-growing communities-ideal for owner-occupants, house hackers, or savvy investors looking to secure long-term value.
Property Details
Price:
$699,900
MLS #:
MRD12605934
Status:
Active Under Contract
Beds:
8
Baths:
6
Type:
Multi Family
Neighborhood:
chiwashingtonpark
Listed Date:
Mar 31, 2026
Year Built:
1908
See this Listing
Schools
School District:
299
Interior
Heating
Natural Gas, Forced Air
Exterior
Community Features
Curbs, Sidewalks, Street Lights, Street Paved
Construction Materials
Aluminum Siding, Brick, Concrete
Fencing
Fenced
Parking Features
Off Alley, Off Street, Alley Access, Yes, Owned
Parking Spots
3
Parking Total
3
Roof
Asphalt, Flat
Financial
Tax Year
2024
Taxes
$8,267
Map
Community
- Address5419 S Wabash Avenue Chicago IL
- CityChicago
- CountyCook
- Zip Code60615
Market Summary
Current real estate data for Multi Family in Chicago as of May 16, 2026
1,364
Multi Family Listed
79
Avg DOM
$516,272
Avg List Price
Property Summary
- 5419 S Wabash Avenue Chicago IL is a Multi Family for sale in Chicago, IL, 60615. It is listed for $699,900
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Copyright 2026. All rights reserved.
5419 S Wabash Avenue
Chicago, IL


