$1,250,000
6605 S Kimbark Avenue
Chicago, IL, 60637
6605 S. Kimbark is a gut renovated eight (8) unit, center-entrance walkup located just outside Hyde Park in Chicago’s East Woodlawn neighborhood. The property is nestled amongst new construction developments on all sides and is located just blocks from the prestigious University of Chicago. Additionally, the asset sits just blocks away from the construction site of the future Obama Presidential Library, 6605 S. Kimbark has an incredibly desirable unit mix comprised of eight (8) 2Bd/2Ba units. All of which have been gut renovated with high end finishes including granite countertops, stainless steel appliances, dishwashers, in-unit laundry, and modern bathrooms. In addition to its cosmetic finishes, the building also features individual furnaces & hot water tanks, updated electric, and a brand new porch (2021). 6605 S. Kimbark offers an investor the rare opportunity to acquire a cash flowing asset in one of Chicago’s fastest growing and rapidly expanding neighborhoods. From day one, an investor will realize an in place cap rate over 8% and a cash return of 9.35%. While the area continues to develop and rents continue to rise, through releasing and increasing rents to updated market levels, an investor could further improve cash returns.
Property Details
Price:
$1,250,000
MLS #:
MRD11949413
Status:
Active
Beds:
0
Baths:
0
Address:
6605 S Kimbark Avenue
Type:
Commercial
City:
Chicago
Listed Date:
Jan 22, 2024
State:
IL
ZIP:
60637
Year Built:
1900
Schools
Interior
Exterior
Financial
Buyer Agent Compensation
1.33% MINUS $350 FEE. SEE BROKER PRIVATE REMARKS*Net Sale Price
Tax Year
2022
Taxes
$11,847
Debra Dobbs is one of Chicago’s top realtors with more than 39 years in the real estate business.
More About DebraMortgage Calculator
Map
Similar Listings Nearby
Chicago, IL$1,350,000
3.73 miles away
- 4301 S King Drive
Chicago, IL$1,300,000
3.09 miles away
- 7956 S Dobson Avenue
Chicago, IL$1,250,000
1.75 miles away
- 7800 S Coles Avenue
Chicago, IL$1,250,000
2.56 miles away
- 5720 S Michigan Avenue
Chicago, IL$1,125,000
1.82 miles away
- 700 E 91st Street
Chicago, IL$1,100,000
4.95 miles away
- 200 E 35th Street
Chicago, IL$1,100,000
4.30 miles away
- 5659 S Michigan Avenue
Chicago, IL$1,075,000
1.83 miles away
- 7801 S PHILLIPS Avenue
Chicago, IL$1,050,000
2.11 miles away
Courtesy of Kiser Group Realty Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Chicago, IL. Detailed information about real estate listings held by brokerage firms other than Compass / The Debra Dobbs Group include the name of the listing broker. Neither the listing company nor Compass / The Debra Dobbs Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Chicago, IL. All rights reserved.
6605 S Kimbark Avenue
Chicago, IL
LIGHTBOX-IMAGES