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18 photos
Additional details
$850,000
Est. payment /mo
9,312 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 9,312 sqft
Price per Sqft $91
MLS Listing ID 12634033
Maintenance Fees $678
Year Built 1911
Annual Tax Amount $9,673
Tax Year 2024
Lot Size 7,405 Sqft
Lot Dimensions 7500
Property Sub-Type Multi Family 5+
Property Description
This fully renovated 6-unit building in Woodlawn has been strategically repositioned to maximize income and provide long-term stability for its next owner. With strong in-place cash flow and major updates already completed, this is a true turnkey investment. Each unit is exceptionally spacious, offering 3 generously sized bedrooms along with a formal living room, separate dining room, and full kitchen-an increasingly rare layout that supports premium rents. Four of the six units feature front balconies, and all units include rear decks, adding valuable outdoor space for tenants. The property is designed for efficiency, with individual heating systems that shift a significant portion of expenses to tenants, helping to reduce owner overhead. Additional features include a full-building camera system for security and on-site laundry in the basement for tenant convenience. Located in rapidly growing West Woodlawn-one of the South Side's most promising investment corridors-the building is just minutes from the lakefront and a short bike ride to University of Chicago. Hyde Park is also just minutes away, offering tenants convenient access to dining, shopping, entertainment, and everyday essentials. Downtown Chicago is accessible in under 15 minutes by car, making this an ideal location for renters seeking space, value, and connectivity. With large 3-bedroom units driving strong rental demand, this property offers an excellent opportunity to step into immediate cash flow, continued appreciation, and long-term upside-all without the burden of renovation.
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning MULTI
Rooms
Basement Unfinished, Concrete
Interior
Cooling None
Fireplaces Number 6
Fireplace Y
Exterior
Roof Type Rubber
Building
Dwelling Type Multi Family 5+
Structure Type Brick,Concrete
Others
HOA Fee Include None
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Listed by David Thomas of Blue Door Dave Inc
Nearby School & Business
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