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A.J. Horner

aj.horner@engelvoelkers.com +1(224) 629-0059

$ 779,000

Est. payment -/mo

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4040 S Wabash AVE Chicago, IL 60653

10 Beds

7 Baths

3,920 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID 12667630

Bedrooms 10

Maintenance Fees $6,000

Year Built 1888

Annual Tax Amount $12,098

Tax Year 2024

Lot Size 3,920 Sqft

Lot Dimensions 30X125

Property Sub-Type Two to Four Units

Property Description

Legal 4-unit investment or owner-occupied opportunity in Chicago's Bronzeville area with strong in-place rental income and multiple recent improvements. Currently fully rented but there is the opportunity for owner occupancy in July if desired. Have the majority of your mortgage and housing expenses paid by the other 3 units! The property features a desirable unit mix: one garden 2 bed/1 bath, two 3 bed/1.5 bath units, and one 2 bed/2 bath unit, currently generating $6,775/month or $81,300/year in gross scheduled rent. Tenants pay gas and electric, while the landlord pays water. Improvements include updated flooring, stainless steel appliances, granite countertops, newer furnaces, hot water tanks, in-unit washers/dryers, fresh paint, replaced doors, porch-step repairs, and 2025 roof silver coating/maintenance. The property also offers rear parking and an electric vehicle charging hookup (120V). With stabilized occupancy, solid rents, and legal 4-unit status, 4040 S. Wabash Ave is a compelling cash-flowing multifamily asset with upside in one of Chicago's most desirable South Side neighborhoods. Photos are of units pre-move-in to better see the features; all units currently occupied with tenants and their furnishings.

Location

State IL

County Cook

Area Chi - Grand Boulevard

Zoning MULTI

Rooms

Basement Finished, Full, Walk-Out Access

Interior

Heating Natural Gas, Forced Air

Equipment Intercom, Ceiling Fan(s)

Fireplace N

Building

Dwelling Type Two to Four Units

Building Description Brick, No

Sewer Public Sewer

Water Public

Structure Type Brick

New Construction false

Schools

School District 219 , 219, 219

Others

Ownership Fee Simple

Special Listing Condition None

Listed by Steven Wear of Seed Realty LLC

NEARBY SCHOOLS & PROPERTIES

A.J. Horner

Real Estate Advisor

+1(224) 629-0059

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