6619-29 S Greenwood Chicago, IL 60637
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Property Features for 6619-29 S Greenwood
General Information
- Property type
- Multifamily properties
- Square Feet
- 31,600 SF
- Price / Square Foot
- $161
- Elevators
- N/A
- Lot Size
- 31,600 SF
Overview
East Woodlawn Multifamily Investment Opportunity
This 31,600 square-foot multifamily property is located at 6619-29 S Greenwood in Chicago's East Woodlawn neighborhood. The property, situated on a 0.725 acre lot, features a center entrance courtyard design and a unit mix that includes four 1-bedroom/1-bathroom units, thirty-two 2-bedroom/1-bathroom units, and two 3-bedroom/1-bathroom units. The units feature open floor plans and hardwood flooring. Recent upgrades include updated kitchens and bathrooms with granite countertops and stainless steel appliances, along with new bathroom vanities. Building improvements include extensive plumbing updates, renovated porches, a new Weil-McLain central boiler system, and a new high-efficiency water heater and separate storage tank. An on-site laundry facility in the basement provides additional income. The property is located in a rapidly developing area, close to the University of Chicago and the future Obama Presidential Library.
HighLights
- 38‑unit courtyard building in Chicago's East Woodlawn neighborhood.
- Features updated kitchens, baths, and hardwood floors throughout.
- Boasts a 9% cap rate with potential for increased revenue and reduced expenses.
Property Profile
Location Intelligence
Current Use by Public Records
Residential income homes
Location Insight
- City
- Chicago
- State
- Illinois
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 38-unit building, prime East Woodlawn location.
Where is this multifamily property located?
The property is located at 6619-29 S Greenwood Chicago, IL.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: 38-unit courtyard building in Chicago's East Woodlawn neighborhood.; Features updated kitchens, baths, and hardwood floors throughout.; Boasts a 9% cap rate with potential for increased revenue and reduced expenses.