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!
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Property Details
Utilities
Heating Natural Gas, Forced Air
Cooling
Water Lake Michigan, Public
Sewer Public Sewer
Additional Information
Schools
Oak Lawn Comm High School (229), District 299
Payment Calculator
Listing History
10-01-2025
Listed at $435,000
10-13-2025
Status changed to Under Contract
10-24-2025
Status changed to Active
10-27-2025
Status changed to Under Contract
02-13-2026
Status changed to Closed
02-13-2026
Sold at $415,000
Last Modified 2/13/26 11:12 AM
Nearby Transportation
Bus 29
0.1 mi
Bus 59
0.1 mi
Bus 24
0.3 mi
Bus 55
0.4 mi
Bus 3
0.4 mi
Bus 4
0.6 mi
Bus 63
0.6 mi
Bus 15
0.9 mi
Bus 2
0.9 mi
Bus 192
1.0 mi
Bus 51
1.0 mi
Bus 8
1.1 mi
Bus 171
1.2 mi
Bus 172
1.2 mi
Green Line
0.6 mi
Red Line
0.6 mi
I 90 East
0.4 mi
I 94 East
0.4 mi
I 90 West
0.6 mi
I 94 West
0.6 mi
I 55 North
3.8 mi
I 55 South
3.8 mi
Hwy 57
5.0 mi
Broker Reciprocity
Listing provided by Coldwell Banker Realty
All information provided is deemed reliable but is not guaranteed and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Midwest Real Estate Data LLC. Real estate listings held by brokerage firms other than Urban Real Estate are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
