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$3,600,000
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Property Description
Welcome to 6712 South Wabash Avenue, a 4-unit plus garden property offering tremendous potential for both immediate income and long-term growth. Situated on a spacious double lot, this property provides not only ample space for tenants but also room for expansion, creative development, or future value-add opportunities. Currently, the building is generating a sustainable income stream, with strong rental demand in the area and just one unit left to be fully rented. Once fully occupied, the property projects a healthy cash flow, exceeding $60,000 per year. This makes it an excellent choice for both first-time investors and seasoned landlords looking to grow their portfolios with a high-performing asset. The double lot further enhances its income potential by opening the door to expansion options or creative outdoor amenities that can increase tenant appeal. Another major advantage is its convenient location. Nestled in the Greater Grand Crossing neighborhood, this property is located just off the Dan Ryan Expressway, offering quick access to Downtown Chicago, Hyde Park, and surrounding neighborhoods. Tenants benefit from easy commuting options, proximity to shopping, dining, and community amenities-making this an attractive rental choice for years to come. Finally, the property is competitively priced to sell, offering exceptional value in today's market compared to other multi-unit opportunities. Photos are virtually staged.
Full Property Details
Full Property Details for 6712 S Wabash Ave
General
- Sold For: $3,600,000
- Taxes: $3,798 (2023)
- Status: Closed
- Type: Multi-Family
- Source: MRED
- MLS ID: 12471061
- Added to Site: 337 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 5
Bedrooms
- Total Bedrooms: 9
Parking
- Total Spaces: 2
- Parking Features: Off-Alley, Yes, Owned
Location
- Area: CHI - Greater Grand Crossing
- County: Cook
- Driving Directions: 6700 MARQUETTE ROAD TO WABASH SOUTH TO ADDRESS
School Information
- School District: 299
- Midd School District: 299
Heating & Cooling
- Heating Type: Natural Gas
Utilities
- Water: Public
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Basement Desc.: Unfinished, Walk-Up Access, Walk-Out Access
- Foundation: Concrete Perimeter
- Roof: Flat
- Year Built: 1898
- Built Before 1978: Yes
Unit Information
- Units in Building: 4
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 165 x 50
Financial Considerations
- Assessment Year: 1898
- Tax Amount: $3,798
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 20223000190000
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Schools
Schools serving 6712 S Wabash Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Brownell Elementary School 6741 South Michigan Avenue, Chicago, IL 60637 | PK-6 | 0.1 mi |
Deneen Elementary School 7240 South Wabash Avenue, Chicago, IL 60619 | 7-8 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6712 S Wabash Ave
Date
Details
Price
Change
Source
8/13/2026
Sold
$3,600,000
837.5%
MLS
1/14/2026
Price Reduced
$384,000
-1.29%
MLS
9/12/2025
Listed
$389,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6712 S Wabash Avenue, Chicago, IL 60637 (MLS# 12471061) is a Multi-Family property that was sold at $3,600,000 on August 13, 2026. This property was listed by Briana Cattledge from our Hyde Park Office.Want to learn more about 6712 S Wabash Avenue? Do you have questions about finding other Multi-Family real estate for sale in Greater Grand Crossing? You can browse all Greater Grand Crossing real estate or contact a Coldwell Banker agent to request more information.


