6646 S Greenwood Avenue
Chicago, IL, 60637
$1,265,000
Beds
0 Baths
0 SqFt
0 Acres
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$1,265,000
6646 S Greenwood Avenue
Chicago, IL, 60637
MLS #MRD12458728 img 0MLS #MRD12458728 img 1MLS #MRD12458728 img 2MLS #MRD12458728 img 3MLS #MRD12458728 img 4MLS #MRD12458728 img 5MLS #MRD12458728 img 6MLS #MRD12458728 img 7MLS #MRD12458728 img 8MLS #MRD12458728 img 9MLS #MRD12458728 img 10MLS #MRD12458728 img 11MLS #MRD12458728 img 12MLS #MRD12458728 img 13MLS #MRD12458728 img 14MLS #MRD12458728 img 15MLS #MRD12458728 img 16MLS #MRD12458728 img 17MLS #MRD12458728 img 18MLS #MRD12458728 img 19MLS #MRD12458728 img 20MLS #MRD12458728 img 21MLS #MRD12458728 img 22MLS #MRD12458728 img 23MLS #MRD12458728 img 24MLS #MRD12458728 img 25
Turnkey multi-family investment opportunity in a rapidly appreciating Woodlawn location! This professionally managed six-unit building, constructed in 2007, offers exceptional cash flow from day one and significant equity growth potential. The property is designed for the savvy investor seeking a low-maintenance, stable asset with high-end appeal. Investment Highlights: Strong Cash Flow, Current annual income exceeds $123,000. Tenant-paid heat and all utilities, further enhancing operating income. Optimal Unit Mix, Features a highly desirable mix of 3 spacious 2-bed/2-bath units and 3 oversized 3-bed/2-bath units, ensuring high rental demand. High-End Finishes & Amenities, All units boast condo-quality finishes, including granite countertops, dishwashers, and in-unit laundry. Each unit is also equipped with Central AC and tenant paid and controlled HVAC, attracting and retaining quality tenants. Low Maintenance, Built in 2007, this newer construction property offers the reliability and reduced maintenance costs that landlords seek. Equity Growth: Positioned in the heart of the Woodlawn community, this asset is poised for remarkable appreciation as ongoing redevelopment continues to transform the neighborhood. Strategic Location: The property benefits from an A+ location with constant tenant demand. It is strategically located near: The Obama Presidential Center, University of Chicago and Hospital, Jackson Park harbor & golf course, Lakefront beaches and recreational trails, convenient public transportation, including the Green Line train and Metra Electric. This property provides a simple and secure entry into the lucrative multi-family market, offering tenants a beautiful place to live and landlords a stable, profitable, and appreciating asset. Don’t miss this opportunity to acquire a cash-flowing investment that is positioned for long-term growth.

Property Details

Price:
$1,265,000
MLS #:
MRD12458728
Status:
Active
Beds:
0
Baths:
0
Address:
6646 S Greenwood Avenue
Type:
Commercial
Neighborhood:
chiwoodlawn
City:
Chicago
Listed Date:
Aug 29, 2025
State:
IL
Total Sq Ft:
7,378
ZIP:
60637
Year Built:
2008

Schools

Interior

Cooling
Central Air

Exterior

Construction Materials
Brick, Block

Financial

Maintenance Fee
$8,429
Net Operating Income
$78,686
Tax Year
2023
Taxes
$13,604
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Debra Dobbs is one of Chicago’s top realtors with more than 41 years in the real estate business.

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6646 S Greenwood Avenue
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