$1,265,000
6646 S Greenwood Avenue
Chicago, IL, 60637
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
Tax Year
2023
Taxes
$13,604
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
Chicago, IL
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