5647 South Wabash, Chicago IL 60637
- Units 2
- Total Beds 4
- Total Baths 2.1
- Taxes $4,539
- Payment Estimate View Mortgage Calculator
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Property Description
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!
Features & Information
Key Details
- List Price $324,900
- Property Taxes $4,539
- Price/ Sq. Ft. Unavailable
- Year Built 1908
- Parking Type Space/s
- Status Contingent
Rooms
- Total Rooms 9
- Basement F
Exterior Features
-
Parking
- Parking Details Space/s
- # of Cars: 2
Building Information
- Number of Units 2
- Age of Building 100+ Years
- Exterior Construction Brick,Block
- Heating & Cooling Gas
-
Units
- Unit 1 Stove, Refrigerator, Dishwasher, Microwave, Central Air Conditioner, Hardwood Floors
- Unit 2 Stove, Refrigerator, Dishwasher, Central Air Conditioner, Range Hood, Hardwood Floors
Location
- County Cook
- Township Hyde Park
- Corporate Limits Chicago
- Directions to Property 55th Street East Or West To Wabash. Turn South. Two Blocks To The Address, On Your Left.
-
Schools
- Elementary School District 299
- Junior High District 299
- High School District: 299
-
Property Taxes
- Tax 4539
- Tax Year 2023
- Tax Exemptions None
- Parcel Identification Number 20151080180000
Utilities
- Sewer Sewer-Publ
Listed by James Mattz for Keller Williams Preferred Rlty | Source: MRED as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 12/24/2024 6:02 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Explore Washington Park
For now Chicago's Washington Park neighborhood may be a predominantly residential south side community with a sprawling public park and rich culture of African-American heritage, however, as the potential site of the Olympic Stadium for the 2016 Summer Games, this modest neighborhood could really make its mark in the near future. Remnants of the last century's architectural movement are found throughout the area, with a wave of new designs and gut rehabs dusting the streets as well. As Olympic talk heightens, developers and city officials are anticipating the impact such a huge event would have on Washington Park. Temporary athlete lodgings and the massive 80,000-seat arena would only be around for a short period, but the hope is that a surge of new businesses would ride in on the coattails of this once-in-a-lifetime opportunity to bolster the Washington Park neighborhood for decades to come. The current commercial base is slight, with a few soul food mainstays and Chinese takeout, but the annual cultural festivals and fun Park District programs keep things on the up as Washington Park awaits an impending transformation of Olympic proportions.
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