5632 S WABASH AVE
CHICAGO, IL 60637

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.

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