Closed

$1,400,000

6141 Woodlawn Avenue, Chicago, IL 60637
107 days
6141 Woodlawn Avenue·Chicago, IL 60637
1898Year Built
About This Home

6141-43 S. Woodlawn Ave is a rarely available six (6) unit, center entrance walk-up located just outside of Hyde Park in Chicago's East Woodlawn neighborhood. The property is located just blocks from the prestigious University of Chicago and the construction site of the future Obama Presidential Library, 6141 S. Woodlawn is comprised of three (3) 3Bd/1.5 Ba and three (3) 3Bd/2Ba units. All units feature incredibly spacious layouts with updated kitchens and baths. Throughout the years, the building has undergone extensive renovations consisting of, but not limited to: 100% copper plumbing , 400 amp electric service w/ in-unit breaker boxes, individual furnaces, newer porch, newer windows and an abundance of cosmetic updates. 6141 S. Woodlawn presents an investor the opportunity to acquire a rarely available and highly desirable building in one of Chicago's best neighborhoods. From day one, a new owner will benefit from an incredibly stable and long term tenant base. However, with most of the building's current rents being substantially below current market levels-there is a tremendous amount of value to be added solely by stabilizing rents to levels already being achieved in the building.

MLS# 11897403Listed September 29, 2023Commercial Sale
Property Details

Beds & Baths

Size & Structure

Year Built1898
Lot Size58' X 175'

Location

CountyCook
Zip Code60637

Financial

List Price$1,400,000
Annual Taxes (2022)$10,806
Monthly Tax Est.$901
Parcel #20144070100000
Interior Features
Tax & Financial
Annual Taxes
$10,806
Tax Year 2022
Monthly Tax Est.
$901
per month
Property Location

6141 Woodlawn Avenue, Chicago, IL 60637Cook County

$1,400,000
6141 Woodlawn Avenue
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
107 days on market
58' X 175'
$10,806/yr taxes
$8,258
estimated monthly payment
Principal & Interest
$7,358/mo
Property Tax
$901/mo
$1,400,000
20% — $280,000
3%50%
6.875%
3%12%
Loan Amount
$1,120,000
Down Payment
$280,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
Kiser Group Realty Inc
Agent: Aaron Sklar
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