6119 S Greenwood Ave - Apartments FOR SALE


Chicago, IL 60637- Woodlawn
$2,475,000 USD
773-293-5090
6119 S Greenwood Ave, Chicago, IL for Sale
$2,475,000 USD
Apartments - FOR SALE
1/5
null | 6.5% Cap Rate

6119 S Greenwood Ave
Chicago, IL 60637
Woodlawn


HIGHLIGHTS

  • Condo Quality Units
  • Four (4) 4Bd/2Ba & Four (4) 4Bd/3Ba
  • Individual HVAC & In-Unit Laundry
  • 100% Copper Plumbing
  • Less than a Block Away from University of Chicago Law School

OVERVIEW

Kiser Group is pleased to exclusively offer for purchase 6119 S. Greenwood, a rarely available eight (8) unit, courtyard building located just outside of Hyde Park in Chicago’s East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago. Additionally, the asset sits just blocks away from the construction site of the future Obama Presidential Library, 6119 S. Greenwood is uniquely comprised solely of four-bedroom apartment units. Four (4) of which are 4Bd/2Bath and four (4) are 4Bd/3Ba All of which, however, are incredibly spacious and outfitted with original hardwood flooring throughout and updated kitchens and baths. Throughout the years, the building has underwent significant and extensive improvements consist of, but not limited to: 100% copper plumbing throughout, individual furnaces, in-unit washer & dryer, eight (8) garage spaces, and an abundance of cosmetic updates. 6119 S. Greenwood presents an investor the opportunity to acquire a rarely available and highly desirable building in one of Chicago’s fastest growing and rapidly expanding neighborhoods. Furthermore, from day one, a new owner will benefit from an place cap rate of 7% and a proforma cap rate of 8.72%.

FOR SALE DETAILS

PRICE

$2,475,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

8

PRICE/UNIT

$309,375

CAP RATE

6.5%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,298 SF

ZONING

RM-5

APN/PARCEL ID

20-14-311-049-0000

ASK ABOUT THIS PROPERTY

Noah BirkKiser GroupMore Info
773-293-5090

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Noah BirkKiser GroupMore Info
773-293-5090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.