New Construction
Address
6213 S Greenwood Avenue, Chicago, IL
Price
$ 1,120,000
Property Attributes
- MLS#11994075
- TypeMulti-Family
- CountyCOOK
- CityChicago
- AreaCHI - Woodlawn
- NeighborhoodWoodlawn
- Zip60637
- Style
- Year Built1902
- Taxes$ 9775
- Price$ 1,120,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description
6213 S. Greenwood Ave is nestled amongst new construction developments and is located two (2) blocks away from the prestigious University of Chicago. Additionally, the asset sit just blocks away from the construction site of the future Obama Presidential Library. 6213 S. Greenwood, a center entrance six (6) flat, is comprised solely of six (6) extremely spacious 4Bd/1Ba units. All of which, however, have been renovated in the last two years with quartz countertops, LVP flooring, stainless steel appliances, & modern cabinetry. 6213 S. Greenwood presents an investor with the rare opportunity to acquire a highly desirable building in one of Chicago's fastest growing and rapidly expanding neighborhoods. From day one, a new operator will realize a 7% cap rate. Given the rapidly changing rental market, an investor could further improve these figures. Solely by raising rents to levels already being achieved in the building, an investor could achieve a cap rate over 8% and a cash return of just under 12%.
| Price History | |
|---|---|
| 3/1/2024 | Listed $1,120,000 |
General Features
| Year Built | 1902 |
|---|---|
| Tenant Pays | Electricity |
| Stories | 3 |
| Tax Year | 2022 |
| Gross Income | 130752 |
| County | Cook |
| Net Operating Income | 78365 |
| Operating Expense | 48465 |
| Insurance Expense | 4663 |
| Property Type | Commercial Sale |
| MaintenanceExpense | 1500 |
| Status | Active |
| Directions | From Midway Plaisance,turn south on to Ellis Ave,east on 62nd,then south on Greenwood to 6213 |
| City | Chicago |
| Total Units | 6 |
| MLS Area | CHI - Woodlawn |
| Street Name | Greenwood |
| Tax Annual Amount | 9775 |
| Electric Expense | 682 |
| Fuel Expense | 11689 |
| Trash Expense | 2862 |
| Water Sewer Expense | 8052 |
| Additional Parcels Y/N | No |
| Days on Market | 19 |
| Standard Status | Active |
| Property Type | Multi Family 5+ |
Interior Features
| Street Suffix | Avenue |
|---|
Exterior Features
| Lot Dimensions | 50' X 180' |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 60637
Price
Taxes
Visits
Year Built
