Address
6639 S Kenwood Avenue, Chicago, IL
Price
$ 1,500,000
Property Attributes
  • MLS#11990239
  • TypeContingent
  • CountyCOOK
  • CityChicago
  • AreaCHI - Woodlawn
  • NeighborhoodWoodlawn
  • Zip60637
  • Style
  • Year Built1903
  • Taxes$ 11847
  • Price$ 1,500,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Located in prime East Woodlawn location, rarely available 8-unit MF building! Garden units are 2bed/ 2bath units with in-unit w/d, all units above grade are 3bed/ 2bath units also with in-unit w/d. Building gut renovated in 2016. All units feature hardwood floors, stainless steel appliances, updated electrical and mechanical packages. Roof and windows replaced with renovation. Opportunity to raise rents an additional $300-400/ mo without significant renovation as leases turn. Building has an assumable loan with a $1.1M principal balance and 5% rate. Loan has 57 months left to maturity (11/2028 maturity). Monthly P&I is roughly $5,800

Price History
2/27/2024 Listed $1,500,000

General Features

Cooling Central Air,Central Individual
Possession Closing
Construction Materials Brick
Year Built 1903
Tenant Pays Air Conditioning,Electricity,Heat
Stories 3
Township Hyde Park
Tax Year 2022
Gross Income 151668
County Cook
Net Operating Income 97651
Operating Expense 47858
Insurance Expense 5500
Property Type Commercial Sale
Contingency Attorney/Inspection
MaintenanceExpense 2500
Status Contingent
Directions W on 67th st at intersection of 67th and Stoney,N on Kenwood Ave
City Chicago
NumberOfUnitsTotal 8
MLS Area CHI - Woodlawn
Street Name Kenwood
Tax Annual Amount 11847
Electric Expense 500
Trash Expense 3400
Water Sewer Expense 8500
Additional Parcels Y/N No
Days on Market 99
Standard Status Active Under Contract
Property Type Multi Family 5+

Interior Features

Street Suffix Avenue

Exterior Features

Lot Dimensions 55X140

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 60637

Price
AVG $420K
$1.5M
Taxes
AVG $4,256
$11,847
Visits
AVG 260
424
Data Provided by Inside Real Estate®
Year Built
AVG 1948
1903