Exciting Investment Opportunity in Washington Park/ Hyde Park - 4-Unit Building at 5813 S Wabash. Unlock the potential of this partially renovated 4-unit property in one of Chicago's fastest-growing neighborhoods! Located on a quiet, tree-lined block, this property is already well underway with a thoughtful rehab-perfect for an investor or developer looking to step in and complete a high-value project. The property features rough electrical work completed in the basement. HVAC systems are installed on all floors, with the 2nd and 3rd floors ready for final installation once new windows are in place. Framing is nearly complete throughout, and insulation materials are already on site. Masonry work for window and door openings has been finished, along with framing for the basement and 1st-floor exterior walls. Windows installed on the third floor and partial windows installed on the second and third floor. Insulation installed throughout. Drywall installed in the utility room and bathroom. Much of the heavy lifting has been done-finish the project your way and capture the upside in this thriving area surrounded by new construction, transportation, and major redevelopment. A true opportunity to create lasting value in a vibrant South Side community! PERMITS APPROVED!
Active
Price cut: $76K (12/2)
$499,000
5813 S Wabash Ave, Chicago, IL 60637
12beds
--sqft
Est.:
Multi Family
Built in 1894
-- sqft lot
$492,300 Zestimate®
$--/sqft
$-- HOA
What's special
- 12 days |
- 340 |
- 30 |
Zillow last checked: 8 hours ago
Listing updated: December 08, 2025 at 12:21pm
Listing courtesy of:
Jennifer Bustillo 773-466-7150,
Compass
Source: MRED as distributed by MLS GRID,MLS#: 12526348
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 4
- Full bathrooms: 4
Heating
- None
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 2
- Parking features: Off Alley, Owned
Lot
- Size: 3,125 Square Feet
- Dimensions: 25X125
Details
- Parcel number: 20151200020000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1894
Utilities & green energy
- Sewer: Public Sewer
- Water: Lake Michigan
Community & HOA
Location
- Region: Chicago
Financial & listing details
- Tax assessed value: $210,000
- Annual tax amount: $3,743
- Date on market: 12/2/2025
- Ownership: Fee Simple
Estimated market value
$492,300
$468,000 - $517,000
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Price change | $499,000-13.2% |
Source: | ||
| 11/28/2025 | Listed for sale | $575,000+36.9% |
Source: | ||
| 8/11/2025 | Listing removed | $419,997 |
Source: | ||
| 7/29/2025 | Listed for sale | $419,997 |
Source: | ||
| 6/16/2025 | Contingent | $419,997 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $3,744 +3.2% | $21,000 |
| 2022 | $3,627 +1.8% | $21,000 |
| 2021 | $3,564 -14.9% | $21,000 -4.1% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,384/mo
Principal & interest
$2427
Property taxes
$782
Home insurance
$175
Climate risks
Neighborhood: Washington Park
Nearby schools
GreatSchools rating
- 1/10Carter Elementary SchoolGrades: PK-8Distance: 0.1 mi
- 1/10Phillips Academy High SchoolGrades: 9-12Distance: 2.5 mi
Schools provided by the listing agent
- District: 299
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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