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6557 S Minerva Ave Chicago, IL 60637

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For Sale
$1,500,000

10-unit apartment building in East Woodlawn near future Obama Library.

Property size:
15,000 SF

Property Features for 6557 S Minerva Ave

General Information

Size
15,000 SF

Building Details

Year built
1902

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Listing Contact
Gene Hart
Source: 33realty

Listing Agent: Gene Hart

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

East Woodlawn Apartment Building

Located in the East Woodlawn neighborhood of Chicago, this three-story apartment building at 6557 S Minerva Ave features 10 units. The property is situated approximately six blocks west of the Jackson Park Golf Course and approximately five blocks south of The University of Chicago, near the future Obama Presidential Library. Originally containing 12 units, the building underwent a complete renovation in 2004, reconfiguring it into 10 condo-quality residences, including six duplex and four simplex units. The unit mix comprises five 3-bed/2-bath units, four 2-bed/2-bath units, and one 2-bed/1-bath unit. All units feature hardwood flooring and tile, along with modern kitchens equipped with granite countertops, modern cabinets, updated appliances, common building hot water, and dishwashers. Additional property features include approximately four pad parking spaces, copper plumbing, updated in-unit electric boxes, and in-unit laundry facilities. The 15,000 square foot property presents an opportunity for a future operator to increase rental rates to market levels, capitalizing on the location's long-term economic improvement and investment stability. The building benefits from individual gas-forced HVAC. The property is located on the northeast corner of Minerva and 66th/Marquette.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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Location Insight

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City
Chicago
County
Cook
State
Illinois
Longitude
-87.5969514
Latitude
41.7752174

FAQs

What type of property is this?
Apartment building - 10-unit apartment building in East Woodlawn near future Obama Library.
Where is this apartment building located?
The property is located at 6557 S Minerva Ave Chicago, IL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Proximity to the future Obama Presidential Library.; - Condo-quality units resulting from a complete gut rehab in 2004.; - Attractive mix of spacious units: five 3-bed/2-bath, four 2-bed/2-bath, and one 2-bed/1-bath.
More about this property
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