4040 S Wabash Avenue Chicago, IL 60653
Listing Courtesy of: MLS LogoMidwest Real Estate Data as distributed by MLS GRID / Listed By: Seed Realty LLC

  4040 S Wabash Avenue Chicago, IL 60653

Contingent (8 Days)
$779,000 (USD)
10
BED
7
BATH

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, currently generating $6,775/month or $81,300/year in gross scheduled rent. 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.

MLS #:
12667630
Taxes
$12,099(2024)
Lot Size
3,920 SQFT
Type
Multifamily
Year Built
1888
School District
219
County
Cook County

Listed By

Steven Wear, Seed Realty LLC
Source
Midwest Real Estate Data
Last checked Jun 11 2026 at 9:26 PM GMT+0000
Bathroom Details
Interior Features
  • Intercom
  • Ceiling Fan(s)
Heating and Cooling
  • Forced Air
  • Natural Gas
Basement Information
  • Finished
  • Full
  • Walk-Out Access
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Location
   
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 6/11/2026 21:26. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.