14 days on rocket

5632 S Wabash Ave, Chicago, IL, 60637

$345,000

Home List Price

$4,097*

Closing Credit

6 Bedrooms
2 Baths
House
Schools Nearby

Location

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5632 S Wabash Ave, Chicago$345,000

Buyer Closing Credits

$4,097*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOff Alley
Year Built1895
HeatingNatural Gas, Forced Air
BasementYes
MLS #12061020
Lot Size0.09 Acres
StatusActive

About 5632 S Wabash Ave

Really spacious 2 unit brick building with a great layout, high ceilings and 3 bedrooms and 1 bathroom in each unit. The bedrooms in the upstairs unit are especially generous because of the extra space taken by the hallway going up but both are fantastic. The downstairs unit has previously been an airbnb and generated $24,000 per annum whilst only being made available 50% of the year. Current owners added laundry in both units and cleared out the basement, ready for the addition of a garden unit in the future. Re-stained hardwood flooring in both units, kitchens and bathrooms in good shape and ready for either you to enjoy, if you decide to live in one unit and rent the other or as a 100% investment. Currently rents for $3000 per month total with room to increase rents given the size and demand in this hot neighborhood. Tenants pay all utilities apart from water. Appreciation set to accelerate with the huge investment in the area, including multi billion Dollar projects, such as the Obama library in next door Woodlawn. Investment partnership is selling to release funds for something else.

Property Details

Property Features

Property Information:

  • Year Built: 1895

Listing Office:

  • Office Name: Baird & Warner
  • Office Phone: (847) 367-1855
  • Listing Agent: Ryan Pavey

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Off Alley

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Phillips Academy High School, Public District Grades 9-12
  • Carter Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: STATE TO 56TH ST EAST TO WABASH

Price Information

Listing Price Info

Price Summary:

  • List Price: $345,000
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Housing Market Comparison

See how this home compares to others in Chicago, IL.

Med. Sold Price

$349.9K

Med. Price/SqFt

$252

Avg. Days On Market

29

# of Sold Homes

2403

5632 S Wabash Ave vs Chicago

14 DAYS ON ROCKET

-15 Days

$345,000

-$4.9K Less

KEY TAKEAWAY

This property is $4.9K less than the Median Sold Price in Chicago, IL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MRED
  • MLS Number: #12061020

Listing Office:

  • Office Name: Baird & Warner
  • Office Phone: (847) 367-1855
  • Listing Agent: Ryan Pavey

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The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than the broker/agent who owns the website are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers.

All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MTP or MRED. The use of the MRED Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.

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Copyright © 2024 Midwest Real Estate Data LLC (MRED). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2024, 12:15:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-8034715
5
/10
  • Carter Elementary School

  • 5740 S Michigan Ave

  • 0.16 miles

  • Public District Grades PK-8

High School

school-card-donut-8034716
1
/10
  • Phillips Academy High School

  • 244 E Pershing Rd

  • 2.26 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,729. Most Chicago, IL residents have annual incomes less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5632 S Wabash Ave

What is the listing price of this property?

The listing price of 5632 S Wabash Ave property is $345,000.

What type of property is this?

The property 5632 S Wabash Ave is a house located in Chicago, Illinois, 60637.

Is this property for sale now?

Active Listing: 5632 S Wabash Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5632 S Wabash Ave are:
Carter Elementary School: GreatSchools Rating 5/10
Phillips Academy High School: GreatSchools Rating 1/10

How many bedrooms and bathrooms does this property have?

The property at 5632 S Wabash Ave has 6 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 5632 S Wabash Ave is 1895.

Rocket Homes›Illinois›Cook County›Chicago›60637›5632 S Wabash Ave

This home is located at 5632 S Wabash Ave in Chicago, IL and zip code 60637 in the Washington Park neighborhood. This home, which was built in 1895, sits on a 0.09 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $345,000.

While more than 979 listings in Chicago, IL in May 2024 were sold above asking price, there were more than 394 listings sold at asking price, and more than 1030 were sold below. In May 2024 in Chicago, IL there were 13.3% more homes for sale than in April 2024. In May 2024 median list price was $349,982 and the average listing age was 29 days.

From Rocket Homes Real Estate and based on county public records data.

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