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    6402 S Greenwood Ave Chicago, IL 60637

    Sponsored
    For Sale
    $789,900

    MULTI_FAMILY - Chicago, IL

    Lot size:
    0.08 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 7 at 3:06 am

    Property Features for 6402 S Greenwood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 5, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 8, Bedroom 4, Bathroom 2, Bedroom 10, Bedroom 9, Bedroom 6, Basement, Bedroom 7, Bedroom 2
    Bedrooms
    10
    Bathrooms
    4
    APN
    20231060560000
    Parking
    2
    Parking features
    Garage
    Basement
    Finished, Full
    Lot size
    0.08 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas

    Building Details

    Year built
    1900
    Building materials
    Brick

    Keller Williams Chicago ONEChicago (312) 216-2422 [email protected]

    Listing agent Brittany Ramsey (313) 303-2483

    Listing date Jan 6, 2026

    MLS# 12538935 Listing URL

    Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Woodlawn Greystone 3-Flat Investment Property

    This rare Woodlawn 3-flat Greystone presents an exceptional investment opportunity, meticulously maintained by its current owner. The property features significantly larger unit sizes than typical Woodlawn 3-flat conversions, offering premium cash flow. Recent upgrades include a completely renovated laundry area and a full plumbing overhaul. The standout feature is the massive duplex unit on the first floor, commanding top-of-market rent, demonstrating proven income rather than projections. Currently, two units are occupied, providing strong existing cash flow. The property offers substantial income potential with significant upside when fully occupied. Its location provides advantages, being within walking distance of the UChicago Main Campus, UChicago Law School, UChicago Medical Center, the Obama Presidential Center, and the lakefront, ensuring a consistent pipeline of tenant prospects. Recent capital improvements include upgrades to Unit 3 with new floors, paint, trim, kitchen, and bathroom, as well as common area and foyer paint. The basement laundry and plumbing have been upgraded, and a copper water supply line was upgraded in 2024, ensuring no lead piping. All mechanicals are maintained, and all systems are operational, making this a turn-key investment property ready for immediate rent collection. The building features a large square footage, multiple bedrooms and baths, and a detached garage. Unit 1 is a duplex with an oversized layout commanding premium rent. Unit 2 is currently occupied at market rate, and Unit 3 is market-ready for immediate occupancy. The lot size is 0.08 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chicago
    County
    Cook
    State
    Illinois
    Longitude
    -87.599526
    Latitude
    41.778573

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    FAQs

    What type of property is this?
    Triplex - Rare, meticulously maintained Woodlawn 3-flat with exceptional unit sizes.
    Where is this triplex located?
    The property is located at 6402 S Greenwood Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $789,900.
    What are key features of this property?
    This property features: - Massive top-of-market rent duplex unit (1st floor) significantly larger than typical Woodlawn 3-flat conversions, providing exceptional income potential.; - Turn-key investment property requiring no rehab, allowing immediate rent collection.; - Strong existing cash flow with two units currently occupied at market rates.
    (313) 303-2483
    Request Owner's contact information
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    Chicago, IL 60637
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6402 S Greenwood Ave Chicago, IL 60637
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