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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 963-0011

Listed by David Thomasof Blue Door Dave Inc

$729,000

Est. payment - /mo

11 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two to Four Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 12650991

Style Brownstone

Bedrooms 11

Year Built 1909

Annual Tax Amount $6,852

Tax Year 2024

Lot Dimensions 3750

Property Sub-Type Two to Four Units

Property Description

Beautiful All-Brick 3-Unit Building in West Woodlawn This well-maintained all-brick 3-unit building in West Woodlawn offers spacious layouts, strong cash flow, and long-term upside in one of Chicago's fastest-growing areas. The first-floor unit features 3 bedrooms and 2 bathrooms, including a primary suite with an en-suite bath. The second and third floors each offer 4 bedrooms and 2 full bathrooms. All units feature hardwood floors, fireplaces, stainless steel appliances, newer hot water tanks, and newer furnaces. The entire building underwent a full gut rehab in 2019, including a complete tear-off roof and a new water service line, providing copper piping from the street into the basement. The first-floor unit is currently operated as a successful Airbnb but can easily be owner-occupied or rented long-term for an estimated $1,800-$2,200 per month, adding immediate cash flow flexibility. The second and third floor tenants have been in place for years and are responsible, long-term occupants. The second-floor unit includes use of the 2-car garage and is currently on a month-to-month lease. While current rents are near market, there is clear potential for rent increases to maximize value. The third-floor unit has help from an organization and receives a subsidy, providing guaranteed rent as an added benefit. The basement is unfinished but exceptionally clean and well-maintained. The basement could easily be a 4th unit for additional income. The property is truly turnkey and well positioned for appreciation with the upcoming Obama Presidential Center nearby. Conveniently located near the University of Chicago, Downtown Chicago, Lake Shore Drive, and the future Obama Center, this is a strong investment opportunity in a rapidly developing neighborhood. Schedule your showing today. First floor and basement are easy to show; second and third floor showings available with serious interest.

Location

State IL

County Cook

Community Park, Curbs, Sidewalks, Street Lights, Street Paved

Zoning MULTI

Rooms

Basement Unfinished, Full

Interior

Heating Natural Gas, Forced Air, Indv Controls

Fireplace N

Exterior

Garage Spaces 2.0

View Y/N true

Roof Type Rubber,Flat

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Lake Michigan, Public

Structure Type Brick,Concrete

New Construction false

Schools

School District 299, 299, 299

Others

Ownership Fee Simple

Special Listing Condition Standard

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NEARBY SCHOOL & BUSINESS

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 963-0011 | joanna@boutiquehomerealty.com

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6112 S Vernon Avenue Chicago, IL 60637

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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6112 S Vernon Avenue