6933 S Washtenaw Ave Chicago, IL 60629

Located at 6933 S Washtenaw Ave in Chicago, IL 60629, this three-unit multifamily asset features a total building area of 4,503 SF and a net rentable area of 4,351 SF. The property has undergone comprehensive capital improvements in 2023, including replacement of all furnaces and compressors, boilers, and hot-water tanks, a full plumbing upgrade with copper water lines, cast-iron main and 2 PVC range line, complete electrical replacement, a new roof, new first and second-floor windows, refreshed front and side facades, and new hardscape and turf landscaping. The units have forced-air HVAC for heating and cooling. Utilities are separated with three gas meters and four electric meters including common service. The current unit program features two near-identical two-bedroom apartments with closets, separate living and dining rooms, rehabbed kitchens with stainless appliances and ~7-ft islands, and recess lighting throughout the living areas; Unit 2 also includes a large balcony. Current rents are $1,500 and $1,575. Both tenancies are structured on month-to-month lease terms. The lower level has its own HVAC system, compressor, and water tank from 2023, and presents an opportunity to finish a ~1,018 SF unit. Additional income opportunities include three outdoor parking spaces and an owner-owned coin-operated washer and dryer. The property is zoned RS-3 and is located within Chicago Lawn's Lithuanian Plaza/Marquette Park submarket, directly across from McKay Elementary School and near Nativity of the Blessed Virgin Mary and St. Adrian churches. Transit access is strong with CTA bus routes #67, #63, #49, and #94 providing connections to Orange Line rail stations. Recreational amenities include Marquette Park. The area continues to benefit from long-term investment drivers, including the proposed $150M redevelopment of Ford City Mall into a ~913k SF campus along the 79th Street Corridor.