6402 Greenwood Avenue, Woodlawn, Chicago, Illinois 60637
$759,000
|
For Sale
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| Status: | New |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 10 |
| Baths: | 0 |
| Year Built: | 1900 |
| Property Taxes: | $11,487 |
| Days On Market: | 2 |
| Lot Size: | 0,08 |
Description
RARE WOODLAWN 3-FLAT Greystone with EXCEPTIONAL unit sizes & STABILIZED PREMIUM cash flow. Strategically located just steps from the Obama Presidential Center, slated for its grand opening in June 2026. This is a turn-key, high-performing asset in the heart of one of Chicago's most high-growth corridors. INVESTMENT HIGHLIGHTS: FULLY OCCUPIED: The building is now fully leased, featuring top-of-market rents and a proven track record of immediate income. INCREASED PERFORMANCE: Cash flow has been significantly optimized with the recent leasing of the top floor at a premium rate. THE STANDOUT: Massive first-floor duplex unit-significantly larger than typical Woodlawn conversions-commanding superior rent. RECENT CAPITAL IMPROVEMENTS: Meticulously maintained with extensive upgrades ensuring low-maintenance ownership: Unit 3: Fully updated with new floors, paint, trim, kitchen, and bathroom. Plumbing: Full overhaul including a Copper Water Supply Line upgrade (2024)-entirely eliminating lead piping. Laundry: Completely renovated basement laundry area. Common Areas: Freshly painted foyer and common spaces. Mechanicals: All systems are operational and professionally maintained. LOCATION ADVANTAGES: Unbeatable proximity to major demand drivers: Walking distance to UChicago Main Campus, UChicago Law School, and UChicago Medical Center. Residents enjoy easy access to the Lakefront and the upcoming Obama Presidential Center, ensuring a never-ending pipeline of high-quality tenant prospects. CONDITION: This is NOT a rehab project. It is a stabilized, turn-key investment. Your client can close and begin collecting premium rental income on day one. Includes a detached garage.
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1900 | |
| — | |
| — | |
| No | |
| 0.08 |
| Cook | |
| — | |
| — / — | |
| — | |
| — | |
| — | |
| 12582166 | |
| 20231060560000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 6 Apr, 2007 | Sold | $290,000 | MRED MLS |
| 15 Sep, 2006 | Under contract | $309,000 | MRED MLS |
| 5 Sep, 2006 | Listed for sale | $309,000 | MRED MLS |
| 19 May, 2014 | Sold | $75,000 | MRED MLS |
| 19 Feb, 2014 | Under contract | $52,500 | MRED MLS |
| 5 Feb, 2014 | Listed for sale | $52,500 | MRED MLS |
| 30 Oct, 2023 | Sold | $620,000 | MRED MLS |
| 14 Sep, 2023 | Under contract | $649,900 | MRED MLS |
| 20 Jun, 2023 | Listed for sale | $649,900 | MRED MLS |
| 12 Mar, 2026 | Listed for sale | $759,000 | MRED MLS |
Room Specifics
Total Bedrooms: 10
Bedrooms Above Ground: 10
Bedrooms Below Ground: 0
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Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Basement Description: —
Other Specifics
| 2 | |
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| 25X148 | |
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| Not in DB | |
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Tax History
| Year | Property Taxes |
|---|---|
| 2007 | $1,662 |
| 2014 | $3,327 |
| 2023 | $6,058 |
| 2026 | $11,487 |
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Listing Provided By
Keller Williams ONEChicago
