TeamZarembski
BEDS10
BATHS7 full
MLS#12667630
STATUSNew
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDistrict 219
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full, Walk-Out Access
Heating: Natural Gas, Forced Air
Lot Size: 0.09 Acres
Taxes: $12,098
Year Built: 1888
Feature Descriptions
Exterior: Brick
Lot Dimensions: 30X125
Other Equipment: Intercom, Ceiling Fan(s)
Parcel#: 20031060260000
Sewer: Public Sewer
Total Rooms: 25
Township: Hyde Park
Water: Public
Local Schools
School District: District 219
Listed By / Shown By
Listed By
Agency Name: Seed Realty LLC
Agency Phone: 224-300-0303
Shown By
Agent Name: Team Zarembski
Agent Phone: (815) 218-9210 Cell
Agency Title: Gambino Realtors
Estimate Your Payment
Estimated Payment
$ 4,773.84 per month $3,538.46 Principal & Interest $1,008.17 Property Tax $227.21 Homeowner's InsuranceChange Payment Information
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4040 S Wabash Avenue | MLS# 12667630
This multi-family property located at 4040 S Wabash Avenue , Chicago, IL 60653 is currently listed for sale with an asking price of $779,000. S Wabash Avenue is located within the District 219 school district. Search Chicago real estate on teamzarembski.gogambino.com today.