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$ 779,000
Est. payment /mo
New
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
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Steven Wear of Seed Realty LLC