Active Under Contract

$630,000

6552 Evans Avenue, Chicago, IL 60637
5 Beds4 Baths3 days
6552 Evans Avenue·Chicago, IL 60637
5Bedrooms
4Bathrooms
2021Year Built
About This Home

Rare Opportunity: Anyone INCLUDING Non-Veterans Can Assume This 2.487% VA Mortgage & Save Over $418,000 in Interest! Save $1,373 Every Month by Locking In This Historically Low, Fixed-Rate Loan Instead of Today's ~7.25% Market Rate! Ideal for Owner-Occupants or Savvy Investors - Only a Handful of Multi-Units in All of Illinois Qualify for a Rate This Good! This New Construction (Built 2021) 2-Unit Brick-and-Frame Building in the Heart of Chicago's Booming Hyde Park / West Woodlawn Corridor is FULLY LEASED and Cash-Flowing from Day One! Minutes From the Obama Presidential Center, the University of Chicago (#6 University in the Nation), and Hyde Park's Dining & Entertainment Scene! Unit 1 is a Spacious 3 Bed / 2.5 Bath Duplex-Up with Flowing Open-Concept Living, Quartz Countertops, a Walk-In Pantry, and a Spa-Inspired Primary Suite w/ Rain Shower! Unit 2 is a Well-Designed 2 Bed / 1 Bath Layout with High Windows and a Bright, Comfortable Interior. Both Units Feature In-Unit Washer/Dryer, Modern Shaker Cabinetry, Quartz Counters & Hardwood Floors & 1 Assigned Parking Space Apiece Inside Included Two-Car Detached Garage! Tenants Pay ALL Utilities! Unit #1 Rented for $2,615/Month (Incl. Parking), Lease Through 5/2027. Unit #2 Rented for $1,800/Month Beginning 10/2026 - Combined Rent of $4,415/Month! You Could Acquire This Cash-Flowing Asset for as Little as $7,466 to Close by Assuming the Seller's Fixed 2.487% VA Loan and Financing the Remaining Gap w/ a Securities-Backed Line of Credit, Cash or a 2nd Mortgage - an 8.47% Cap Rate and a Cash-on-Cash Return of up to 211% (depending on purchase structure)! Don't Miss This Once-in-a-Cycle Chance to Lock In 2021-Era Financing in a 2026 Rate Environment! Security System Included. For Information on Qualifying for 2nd Mortgages on Mortgage Assumptions, Contact Dan Fray of Barrett Financial.

MLS# 12776774Listed October 5, 2026Residential Income
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms4
Total Rooms12

Size & Structure

Garage Spaces2
Year Built2021
Lot Size25X125

Location

CountyCook
TownshipHyde Park
Zip Code60637

Financial

List Price$630,000
Annual Taxes (2024)$7,135
Monthly Tax Est.$595
Parcel #20222220550000
Interior Features

Heating

Natural Gas

Basement

FinishedFullWalk-Out Access
Exterior & Lot

Construction

Frame

Roof

Asphalt
Utilities & Parking

Sewer

Public Sewer

Water Source

Public

Parking

Garage Door OpenerYesGarage OwnedDetachedGarage
HOA & Community

Community Features

CurbsSidewalksStreet LightsStreet Paved
Tax & Financial
Annual Taxes
$7,135
Tax Year 2024
Monthly Tax Est.
$595
per month
Property Location

6552 Evans Avenue, Chicago, IL 60637 — Cook County

$630,000
6552 Evans Avenue
5 bd4 ba
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
3 days on market
2-car garage
25X125
$7,135/yr taxes
$3,906
estimated monthly payment
Principal & Interest
$3,311/mo
Property Tax
$595/mo
$630,000
20% — $126,000
3%50%
6.875%
3%12%
Loan Amount
$504,000
Down Payment
$126,000

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

Listed by
eXp Realty - Chicago North Ave
Agent: Ryan Widerberg
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Listing Courtesy: MRED as distributed by MLS GRID | @properties Christie's International Real Estate

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