6402 Greenwood Ave, Chicago, IL 60637

This is a rare Woodlawn 3-flat greystone building featuring exceptional unit sizes and stabilized premium cash flow. The property is strategically located steps from the Obama Presidential Center, slated for its grand opening in June 2026. It is a turn-key, high-performing asset in the heart of one of Chicago's high-growth corridors. The building is fully leased, featuring top-of-market rents and a proven track record of immediate income. Cash flow has been significantly optimized with the recent leasing of the top floor at a premium rate. The first-floor duplex unit is significantly larger than typical Woodlawn conversions, commanding superior rent. Recent capital improvements include a full update of Unit 3 with new floors, paint, trim, kitchen, and bathroom. The plumbing has undergone a full overhaul, including a copper water supply line upgrade in 2024, entirely eliminating lead piping. The basement laundry area has been completely renovated, and the common areas feature freshly painted foyer and common spaces. All mechanical systems are operational and professionally maintained. The property is within walking distance of the UChicago Main Campus, UChicago Law School, and UChicago Medical Center. Residents enjoy easy access to the Lakefront and the upcoming Obama Presidential Center, ensuring a pipeline of tenant prospects. It is a stabilized, turn-key investment, allowing for immediate rental income. A detached garage is included.