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About the Listing 87738 - 875482
RARE WOODLAWN 3-FLAT Greystone with EXCEPTIONAL unit sizes & STABILIZED PREMIUM cash flow. Strategically located just steps from the Obama Presidential Center, slated for its grand opening in June 2026. This is a turn-key, high-performing asset in the heart of one of Chicago's most high-growth corridors. INVESTMENT HIGHLIGHTS: FULLY OCCUPIED: The building is now fully leased, featuring top-of-market rents and a proven track record of immediate income. INCREASED PERFORMANCE: Cash flow has been significantly optimized with the recent leasing of the top floor at a premium rate. THE STANDOUT: Massive first-floor duplex unit-significantly larger than typical Woodlawn conversions-commanding superior rent. RECENT CAPITAL IMPROVEMENTS: Meticulously maintained with extensive upgrades ensuring low-maintenance ownership: Unit 3: Fully updated with new floors, paint, trim, kitchen, and bathroom. Plumbing: Full overhaul including a Copper Water Supply Line upgrade (2024)-entirely eliminating lead piping. Laundry: Completely renovated basement laundry area. Common Areas: Freshly painted foyer and common spaces. Mechanicals: All systems are operational and professionally maintained. LOCATION ADVANTAGES: Unbeatable proximity to major demand drivers: Walking distance to 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 never-ending pipeline of high-quality tenant prospects. CONDITION: This is NOT a rehab project. It is a stabilized, turn-key investment. Your client can close and begin collecting premium rental income on day one. Includes a detached garage.
Listing Highlights
Status
Active
Days on Site
35
Property Type
Multi-Family
MLS ®
12582166
Year Built
1900
Total Square Footage
0
Lot/Acreage
0.08
Interior Details
- Bedrooms: 10
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Full
- Other:
- Water: Lake Michigan
Exterior Details
- Garage Capacity: 2 car
- Parking Spaces: 2
- Lot Dimensions: 25X148
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Yes,Garage Owned,Detached,Garage
Financial Details
- Tax Amount: $11,487
- Taxes w/Assessments: N/A
- Tax/Property ID: 20231060560000
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
6402 S Greenwood Ave Chicago, IL 60637
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