4040 S Wabash AVE, Chicago, IL 60653
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4040 S Wabash AVE, Chicago, IL 60653
4040 S Wabash AVE, Chicago, IL 60653
4040 S Wabash AVE, Chicago, IL 60653
4040 S Wabash AVE, Chicago, IL 60653
Carmen Carter
Carmen Carter

Managing Broker/Owner | License ID: 235685

+1(815) 370-9358

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$ 825,000

$ 779,000 5.9%

Est. payment /mo
Sold on 07/09/2026

4040 S Wabash AVE Chicago, IL 60653

10 Beds

7 Baths

3,920 Sqft Lot

UPDATED:

Key Details

Sold Price $825,000

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 12667630

Sold Date 07/09/26

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. 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

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

Midwest Real Estate Data (MRED) IDX
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Steven Wear of  Seed Realty LLC 
Bought with Tina Hollins of Coldwell Banker Realty
Carmen Carter

Carmen Carter

Managing Broker/Owner | License ID: 235685

+1(815) 370-9358

GET MORE INFORMATION

Name
Phone*
Message

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4040 S Wabash AVE

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