See all 26 photos
26 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,265,000
Est. payment /mo
7,378 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,378 sqft
Price per Sqft $171
MLS Listing ID 12458728
Maintenance Fees $8,429
Year Built 2008
Annual Tax Amount $13,604
Tax Year 2023
Lot Dimensions 50x125
Property Sub-Type Multi Family 5+
Property Description
Turnkey multi-family investment opportunity in a rapidly appreciating Woodlawn location! This professionally managed six-unit building, constructed in 2007, offers exceptional cash flow from day one and significant equity growth potential. The property is designed for the savvy investor seeking a low-maintenance, stable asset with high-end appeal. Investment Highlights: Strong Cash Flow, Current annual income exceeds $123,000. Tenant-paid heat and all utilities, further enhancing operating income. Optimal Unit Mix, Features a highly desirable mix of 3 spacious 2-bed/2-bath units and 3 oversized 3-bed/2-bath units, ensuring high rental demand. High-End Finishes & Amenities, All units boast condo-quality finishes, including granite countertops, dishwashers, and in-unit laundry. Each unit is also equipped with Central AC and tenant paid and controlled HVAC, attracting and retaining quality tenants. Low Maintenance, Built in 2007, this newer construction property offers the reliability and reduced maintenance costs that landlords seek. Equity Growth: Positioned in the heart of the Woodlawn community, this asset is poised for remarkable appreciation as ongoing redevelopment continues to transform the neighborhood. Strategic Location: The property benefits from an A+ location with constant tenant demand. It is strategically located near: The Obama Presidential Center, University of Chicago and Hospital, Jackson Park harbor & golf course, Lakefront beaches and recreational trails, convenient public transportation, including the Green Line train and Metra Electric. This property provides a simple and secure entry into the lucrative multi-family market, offering tenants a beautiful place to live and landlords a stable, profitable, and appreciating asset. Don't miss this opportunity to acquire a cash-flowing investment that is positioned for long-term growth.
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning MULTI
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Multi Family 5+
Water Municipal Water
Structure Type Brick,Block
Read Less Info
© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Wayne Beals • Exit Strategy Realty / EMA Management