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8342 S Wabash Ave
Multi-Family
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$330,000

8342 S Wabash Ave, Chicago

72% below median
5 bd·3 ba·0 sqft
Built 1923Chatham

8342 S Wabash Ave, Chicago, IL

5 bd · 3 ba · 0 sqft Multi-Family listed at $330,000, built in 1923 in the Chatham neighborhood.

About this home

Investor Opportunity! Welcome to 8342 S Wabash Ave, a well-maintained, income-producing property located on a quiet, stable block in Chicago's sought-after Chatham community. Fully occupied with tenants, this property offers cash flow opportunity and strong long-term rental upside. The property features a spacious layout with updated interiors, including modern flooring, refreshed kitchens and baths, and well-kept mechanicals - minimizing hassle and future maintenance costs. Outside, the property includes a private backyard and a detached garage, adding convenience and desirability for tenants. Located near public transportation, major roadways, shopping, and everyday conveniences, this location maintains consistent rental demand. Whether you're building your portfolio or seeking an asset that can potentially be a strong-performing one with dependable occupancy and plenty of room for appreciation. SOLD AS-IS.

Property details

Price
$330,000
Bedrooms
5
Bathrooms
3
Year built
1923
Type
Multi-Family
Days on market
141
Est. property tax
$6,864/yr · $572/mo · 2.08% IL avg
Last sold
$180,000 · May 2023

Estimated monthly payment

Down payment20% ($66,000)
Interest rate6.75%
Principal & Interest$1,712
Property Tax$303
Insurance$150
Total$2,165/mo

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Price history

$356K$200K$44K$143K on Apr 97 (Sold)$70K on Aug 10 (Initial list)$70K on May 11 (Price change)$130K on May 12 (Sold)$280K on Aug 22 (Initial list)$280K on Oct 22 (Price change)$280K on Nov 22 (Price change)$180K on May 23 (Sold)$330K on Dec 25 (Initial list)
$143K · Apr 97$330K · Dec 25
  1. Dec 5, 2025$330,000Initial list price
  2. May 31, 2023$180,000Sold
  3. Nov 14, 2022$279,999Price change
  4. Oct 2, 2022$279,999Price change
  5. Aug 21, 2022$279,999Initial list price
  6. May 11, 2012$130,000Sold
  7. May 6, 2011$70,000Price change
  8. Aug 16, 2010$70,000Initial list price
  9. Apr 22, 1997$142,500Sold

Location

This home is located in Chicago, IL. Browse more Chicago listings on the Chicago market page or explore the full Chicago market report.

About Chicago: Chicago is the most populous city in the U.S. state of Illinois and in the Midwestern United States. Located on the western shore of Lake Michigan, it is the third-most populous city in the United States, with a population of 2.74 million at the 2020 census. The Chicago metropolitan area has 9.41 million residents and is the third-largest metropolitan area in the country. Chicago is the seat of Cook County, the second-most populous county in the U.S. (source: Wikipedia)

Climate: Average year-round temperature is 51°F with 211 dry days per year and 39.9 inches of annual rainfall.

Location

Map of 8342 S Wabash Ave, Chicago
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Home Intelligence

Neighborhood (zip 60619)

Median age is 41.3; 17% hold a bachelor's degree; 44% of homes are owner-occupied; median household income is $42,802.

Median income
$42,802
Median age
41.3
Owner-occupied
43.6%
Bachelor's degree
17.4%
Census median home value
$196,600

Source: US Census Bureau American Community Survey 5-year estimates.

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