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About the Listing 85342 - 159745,1017795
Prime 8-Unit Income Property in Woodlawn just steps from University of Chicago. Invest in one of Woodlawn's most desirable locations with this well-maintained 8-unit building, just three blocks from the University of Chicago Hospital and approximately one mile from the Obama Presidential Center. Strong, consistent rental demand makes this an exceptional income-generating opportunity. The property features six spacious 3-bedroom/1-bath units and two 2-bedroom/1-bath units, appealing to a wide range of tenants. Fully renovated down to the studs 30 years ago and meticulously maintained by long-term ownership. The building offers a hassle-free investment with tenants responsible for their own gas and electricity. Each unit can be easily converted to include in-unit laundry, as a drain, gas line, hot and cold water connections, and a dryer vent are already in place, allowing for straightforward installation. The property has no lead pipes with new sewage lines installed in December 2023. Additional highlights include a spacious, fenced concrete backyard with handicap-accessible ramps. The backyard can also be easily converted into multiple parking spaces. This is a rare opportunity to acquire a stable, income-producing property in a rapidly appreciating Woodlawn neighborhood.
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
12546266
Year Built
1899
Total Square Footage
7,548
Lot/Acreage
0.14
County
Cook
Area
CHI - Woodlawn
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Central Heat/Indiv Controls
- Fireplaces: 0
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Municipal Water
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 50x118x50x118 & 25x118x25x118
- Zoning: MULTI
- Roof:
- Others:
- Sewer:
- Parking Features: None On Site
Financial Details
- Tax Amount: $9,883
- Taxes w/Assessments: N/A
- Tax/Property ID: 20154060050000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
6037 S Champlain Ave Chicago, IL 60637
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