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Listed by Brittany Ramseyof Keller Williams ONEChicago
$ 769,900
Est. payment /mo
Price Dropped by $20K
6402 S Greenwood Avenue Chicago, IL 60637
10 Beds
3,484 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12538935
Bedrooms 10
Year Built 1900
Annual Tax Amount $11,487
Tax Year 2024
Lot Size 3,484 Sqft
Lot Dimensions 25X148
Property Sub-Type Two to Four Units
Property Description
RARE WOODLAWN 3-FLAT Greystone with EXCEPTIONAL unit sizes & PREMIUM cash flow. Meticulously maintained by current owner with extensive recent upgrades including COMPLETELY RENOVATED laundry area & full plumbing overhaul. THE STANDOUT: Massive duplex unit (1st floor) - SIGNIFICANTLY LARGER than typical Woodlawn 3-flat conversions. Currently commanding TOP-OF-MARKET rent - PROVEN income, not projections. CURRENT PERFORMANCE: Strong existing cash flow with TWO occupied units. FULLY OCCUPIED PRO FORMA: Substantial income potential with significant upside. LOCATION ADVANTAGES: Walking distance to UChicago Main Campus, UChicago Law School, UChicago Medical Center, Obama Presidential Center & Lakefront. Never-ending pipeline of tenant prospects. CONDITION: Turn-key investment property. Recent capital improvements include upgraded Unit 3 - (New floors, paint, trim, Kitchen, Bathroom) Common Area/Foyer Paint Basement Laundry and plumbing upgraded Copper Water Supply Line upgrade in 2024 (No Lead Piping) All mechanicals maintained, all systems operational. This is NOT a rehab project - your client can close and collect rent immediately. TOTAL BUILDING: Large square footage | Multiple bedrooms/baths | Detached garage UNIT BREAKDOWN: Unit 1 (Duplex): EXCEPTIONAL size - oversized layout commanding premium rent Unit 2: Currently occupied at market rate Unit 3: Market ready for immediate occupancy FULL DETAILS, INTERIOR PHOTOS & PRICING attached.
Location
State IL
County Cook
Rooms
Basement Finished, Full
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Lake Michigan
Structure Type Brick
New Construction false
Schools
School District 130, 130, 130
Others
Ownership Fee Simple
Special Listing Condition None
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