$1,665,000
$1,750,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
7,840 Sqft Lot
SOLD DATE : 12/15/2021
Key Details
Sold Price $1,665,000
Property Type Multi-Family
Sub Type Multi Family 5+
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 11192947
Sold Date 12/15/21
Year Built 2009
Annual Tax Amount $7,212
Tax Year 2020
Lot Size 7,840 Sqft
Lot Dimensions 46 X 174
Property Sub-Type Multi Family 5+
Property Description
6-unit investment opportunity in rapidly developing Woodlawn less than a block from the University of Chicago campus. Massive units originally built for condos in 2009. Excellent opportunity to purchase a newer construction, cash flowing asset below replacement value in a neighborhood that is experiencing a building boom. The units have been 100% rented by a University of Chicago fraternity since it was constructed. Incredible upside as Woodlawn continues to appreciate with the construction of the Obama Presidential Library and the continued growth of the University of Chicago. Pad parking for 6+ cars. Quartz countertops, stainless steel appliances, large bathrooms with separate tub and shower, outdoor space for each unit and bamboo flooring. Built in 2009 with condo level finishes. Continue to cash flow with potential condo exit with modernized upgrades.
Location
State IL
County Cook
Area Chi - Woodlawn
Zoning MULTI
Interior
Cooling Central Air
Fireplaces Number 6
Fireplace Y
Exterior
Roof Type Membrane
Building
Level or Stories 4
Structure Type Brick,Block
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Bought with Benyamin Lalez • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "