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$500,000
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Property Description
Exceptional opportunity to own a well-maintained 6-unit building in the desirable Chatham neighborhood of Chicago. This solid masonry property has been kept up-to-date with city requirements, making it a true turnkey investment. Each unit features separate meters and utilities, keeping operating costs in check and providing added value for investors. The building is fully leased and income-producing, offering a strong cap rate and steady cash flow. In addition, on-site coin-operated laundry machines provide extra income potential. Outside, the property boasts a large backyard perfect for tenant enjoyment, along with a rare 3-car garage, adding valuable parking and storage options. Conveniently located near public transit, shopping, parks, and schools, this is a prime neighborhood investment with long-term upside. Whether you're looking to expand your portfolio or secure your first multi-family, this property checks all the boxes for stability, income, and growth potential.
Full Property Details
Full Property Details for 7708 S Wabash Ave
General
- Sold For: $500,000
- Taxes: $5,338 (2023)
- Status: Closed
- Type: Commercial
- Source: MRED
- MLS ID: 12482349
- Added to Site: 110 day(s) ago
Location
- Area: CHI - Greater Grand Crossing
- County: Cook
- Driving Directions: DAN RYAN exit 76TH right on S WABASH AVE property on right
Heating & Cooling
- Heating Type: Central Building Heat, Radiators
Structural Information
- Construction: Stone
- Exterior Const.: Stone
- Basement Desc.: Unfinished
- Foundation: Brick/Mortar
- Stories/Levels: 2
- Year Built: 1927
- Built Before 1978: Yes
Unit Information
- # Dryers: 2
Lot Features
- Lot Size (Acres): 0.19
- Lot Size (Sq. Ft.): 8,010
- Lot Dimensions: 50 x 160.2
- Zoning: MULTI
Financial Considerations
- Operating Expenses: $21,087
- Assessment Year: 1927
- Tax Amount: $5,338
- Tax Year: 2023
- Tenant Pays: Electricity
Disclosures and Reports
- Property ID: 20273120150000
Listed by Century 21 Circle - Aurora
Sold by EXIT Strategy Realty
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Schools
Schools serving 7708 S Wabash Ave
School District:Chicago Public School District 299
| Name | Grades | Distance |
|---|---|---|
Ruggles Elementary School 7831 South Prairie Avenue, Chicago, IL 60619 | K-8 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7708 S Wabash Ave
Date
Details
Price
Change
Source
12/29/2025
Sold
$500,000
-4.76%
MLS
9/27/2025
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
7708 S Wabash Avenue, Chicago, IL 60619 (MLS# 12482349) is a Commercial property that was sold at $500,000 on December 29, 2025. Want to learn more about 7708 S Wabash Avenue? Do you have questions about finding other Commercial 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.

