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    6640 S Wolcott Ave Chicago, IL 60636

    Picture of Apartment buildings at S Wolcott Ave 6640, Chicago, IL
    For Sale
    $175,000

    Residential Income - Chicago, IL

    Lot size:
    0.09 Acres
    Days on Market:
    30
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 6640 S Wolcott Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MULTI
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    APN
    20192250370000
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Radiant

    Building Details

    Year built
    1907
    Architectural style
    Other

    Exit Strategy Realty (312) 493-0920 [email protected]

    Listing agent Cassandra Sneed (312) 554-5478 License #475179113

    Listing date Nov 6, 2025

    MLS# 12509039 Listing URL

    Copyright © 2025 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

    Englewood Multifamily Investment Opportunity

    Located at 6640 S Wolcott Avenue in Chicago's Englewood community, this solid brick multi-family property is available for purchase. Each floor features 2 bedrooms and 1 bath, along with a separate living room, dining room, and eat-in kitchen. The property includes a garden unit, a 1st-floor unit, and a vacant 2-bedroom unit on the 2nd floor. The current total rents from the garden unit and 1st-floor unit are approximately $1,300 per month. The vacant 2-bedroom unit presents an opportunity to increase income. Value-add updates can further increase rents. The basement offers potential for tenant storage and common laundry facilities. At the rear of the home, the existing garage slab can be repurposed for fenced, off-street parking, potentially generating additional monthly income. Englewood is one of the 10 communities included in Chicago's INVEST South/West Corridor Improvement Initiative.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -87.671674
    Latitude
    41.7727285

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in Chicago's INVEST South/West Corridor.
    Where is this apartment building located?
    The property is located at 6640 S Wolcott Ave Chicago, IL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: - Immediate income potential with existing rents of $1,300/month and a vacant 2-bedroom unit ready to rent for an estimated $1,250/month.; - Located in Chicago's INVEST South/West Corridor Improvement Initiative area, indicating potential for future appreciation and revitalization.; - Each unit features 2 bedrooms/1 bath, plus separate living room, dining room, and eat-in kitchen.
    (312) 554-5478
    Request Owner's contact information
    6640 S Wolcott Ave Chicago, IL 60636
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    Chicago, IL 60636
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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
    6640 S Wolcott Ave Chicago, IL 60636
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